Close Menu
    Facebook X (Twitter) Instagram
    • About Us
    • Contact Us
    • Disclaimer
    • Privacy Policy
    Facebook X (Twitter) Instagram
    FlickonclickFlickonclick
    • Home
    • Entertainment
      • Biography Corner
      • Photos
    • Lifestyle
    • News
      • Finance
      • Fitness
      • Technology
    • Trending
    • Cricket
    • Advertise with Us
    FlickonclickFlickonclick
    Home » Finance » Manmohan Singh Hints That The Coming Days Could Be Worse Than 1994 Crisis, Get To Know The Full Story
    Finance

    Manmohan Singh Hints That The Coming Days Could Be Worse Than 1994 Crisis, Get To Know The Full Story

    By Parth ShuklaJuly 30, 2021
    Facebook Twitter WhatsApp Email Reddit

    The former Prime Minister Manmohan Singh says that the government must prioritize a healthy and dignified life for every Indian. Speaking on 30 years of economic liberalization, on July 23, Manmohan Singh publicly stated that successive governments had followed the life of economic reforms over the last three decades.

    They lifted millions of people from poverty and catapulted India into a $3 trillion economy. But the road ahead is even more daunting than the 1991 crisis.




    To mark the 30th anniversary of economic liberalization and the opening up of the Indian economy on July 24, Dr. Singh expressed his grief for the loss of lives and livelihood due to the Covid 19 pandemic.

    Manmohan Singh

    The 1991 Crisis

    During the 1991 crisis, there was a significant depletion in the economic and public health sectors. However, due to the experience of the government at the time, the country overturned the issue. It faced one of the longest economic liberations.

    He said the country made tremendous progress because of the reforms ushered in by the Congress party in 1991. “Nearly 300 million fellow Indians were out of poverty in this period, and hundreds of millions of new jobs were there for our youth,” he said.

    Zomato Announced IPO: Should You Be Subscribing It?

    The road ahead

    The former Prime Minister said that although an economic crisis triggered liberalization, it was on “the desire to prosper, the belief in our capabilities, and the confidence to relinquish control of the economy by the government.”




    About the current situation, “The social sectors of health and education have lagged behind and not kept pace with our economic progress. Too many lives and livelihoods were lost that should not have been,” he continued.

    “It is not a time to rejoice and exult but to introspect and ponder. The road ahead is even more daunting than during the 1991 crisis. Our priorities as a nation need to be recalibrated to foremost ensure a healthy and dignified life for every single Indian,” he added.

    Quoting Victor Hugo, “No power on Earth can stop an idea whose time has come.”

    Here’s to hoping that better times will shine upon India once again, and no lives will be lost.




    Finance Minister Nirmala Sitharaman Announces New Set of Relief Measures and Expands Scheme for Health and Tourism

    Economy India
    Previous ArticleWhy You Should Watch Mimi Starring Kriti Sanon and Pankaj Tripathi on Netflix
    Next Article Tokyo Olymipcs 2021 Update: PV Sindhu Bags Bronze Medal For India

    Related Posts

    Phone, Bike, House… What All Do You Own? Census to Begin from This Date; What’s Included in the First Phase

    July 1, 2025 News

    Income Tax Department Keeps a Close Watch on High-Value Transactions – Know How They Are Tracked

    June 29, 2025 Finance

    Will PPF Investors Face a Shock? Interest Rates May Be Reduced

    June 28, 2025 Finance

    UPS vs NPS: Choose Guaranteed Pension or Stay with Market Returns? Understand the Full Calculation

    June 25, 2025 Finance

    How to File ITR: Step-by-Step Process and Required Documents Explained

    June 22, 2025 Finance

    Big Update on Unified Pension Scheme: Government Adds These OPS Benefits – How Will You Benefit?

    June 19, 2025 Finance
    About Flickonclick

    Flickonclick brings you the latest updates across entertainment, lifestyle, tech, and more. Stay informed with trending news and stories that matter.

    Facebook X (Twitter) Instagram
    Recently Updated

    Old Delhi Railway Station to be Renamed? CM Rekha Gupta Writes to Railway Minister

    By Virat VermaJuly 1, 2025

    Passport Mobile Van to Reach Your Doorstep, Get Your Passport with Just One Click

    July 1, 2025

    Phone, Bike, House… What All Do You Own? Census to Begin from This Date; What’s Included in the First Phase

    July 1, 2025

    Modi Government Announces Decision on Small Savings Schemes Including Sukanya and PPF – Check Latest Interest Rates

    July 1, 2025
    Important Links
    • Privacy Policy
    • Advertise with Us
    • Disclaimer
    • About Us
    • Contact Us
    • Write for Us
    • Home
    © 2025 Flickonclick

    Type above and press Enter to search. Press Esc to cancel.