In 1991, when Manmohan Singh became Finance Minister ... These reforms followed a sharp jump in oil prices in August 1990, leading to an unmanageable balance of payments (BoP) situation, depleted ...

When Singh took the reins of the Finance Ministry in 1991, India’s fiscal deficit was close to 8.5 per cent of the GDP, the balance of payments deficit was huge and the current account deficit was ...

Singh also served as Finance Minister in the government of Prime Minister PV Narasimha Rao from 1991 to 1996, when he was instrumental in implementing sweeping economic reforms in the country.

India was on the verge of economic collapse in 1991 when foreign exchange reserves dwindled to historic low levels that could only cover a few weeks of imports with the widening fiscal deficit, rising ...

When he took over as finance minister in the minority government of Narasimha Rao in 1991, the Indian economy was very close to sovereign default. Foreign exchange reserves were barely enough to ...

As Finance Minister in 1991, he faced a severe fiscal crisis with a deficit nearing 8.5% of GDP. The balance of payments was dire, and foreign reserves could only cover two weeks of imports.

Dr. Manmohan Singh, a towering figure in India's economic and political history and the architect of the country's 1991 economic reforms, passed away in Delhi on December 26, 2024, at the age of 92.

Manmohan Singh, ex-Prime Minister and veteran Congress leader, passed away at 92 in Delhi. Singh, known for his central role in India's economic reforms, served as Prime Minister from 2004 to 2014.

There has been a sharp decline in capital inflows through commercial borrowing and non-resident deposits. As a result, despite large borrowings from the International Monetary Fund in July 1990 and ...

This led to a sharp decline in capital inflows from commercial borrowing and non-resident deposits. Despite borrowing large amounts from the International Monetary Fund in 1990 and 1991, India’s ...

Today, with all eyes on the hardwood, Jordan Brand has launched another exciting commercial that takes sneakerheads back to 1985. However, it is with an important twist that will grab the ...

This was reported on Facebook by the General Staff of the Armed Forces of Ukraine, as per Ukrinform. Also, the Ukrainian Defense Forces have destroyed 9,615 tanks (+6), 19,885 armored fighting ...