TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    All 3 Terrorists Behind Pahalgam Attack Eliminated in Operation Mahadev: Amit Shah In Lok Sabha

    All 3 Terrorists Behind Pahalgam Attack Eliminated in Operation Mahadev: Amit Shah In Lok Sabha

    Cracks in Congress Widen as National Security Debate Exposes Internal Rift

    Cracks in Congress Widen: Manish Tewari Shares Cryptic Post After Being Silenced in Operation Sindoor Debate

    Priyanka Gandhi Vadra Returns to Lutyens’ Delhi

    Priyanka Gandhi Vadra Returns to Lutyens’ Delhi with Allotment of 81 Lodhi Estate Bungalow

    BJP Slams TMC's Kalyan Banerjee for Referring to PoK as ‘Azad Kashmir’, Mocking Security Forces in Parliament

    BJP Slams TMC’s Kalyan Banerjee for Referring to PoK as ‘Azad Kashmir’, Mocking Security Forces in Parliament

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    India Bans 25 OTT Platforms

    India Bans 25 OTT Platforms Including ULLU, ALTT & Desiflix for Obscene Content

    Union Commerce Minister Piyush Goyal and UK Trade Secretary Jonathan Reynolds formally signed the Free Trade Agreement

    India, UK Sign Historic FTA; Modi Sends Stern Message on Terror, Corruption, and Democracy Abuse

    What Can the Hindustan Zinc Share Price Tell Us About Strategic Resource Investing in India

    What Can the Hindustan Zinc Share Price Tell Us About Strategic Resource Investing in India

    How to Choose the Best Bank to Open a Savings Account in 2025

    How to Choose the Best Bank to Open a Savings Account in 2025

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Pakistan Was Forced to Kneel Before India’s Might, Confirms Rajnath Singh

    Pakistan Couldn’t Handle India’s Retaliation, DGMO Pleaded for Truce: Rajnath Singh in Lok Sabha

    Pahalgam Attack Mastermind Hashim Musa Eliminated in J&K

    Ex-Pak Para Commando, Pahalgam Attack Mastermind Hashim Musa Eliminated in J&K Encounter

    J&K Encounter Under Operation Mahadev: 3 Lashkar Terrorists Killed, Pahalgam Link Confirmed

    J&K Encounter Under Operation Mahadev: 3 Lashkar Terrorists Killed, Pahalgam Link Confirmed

    Landmark US Tech Transfer: India to Produce V-BAT Drones

    US Origin V-BAT Drones to Be Made in India Under Rare Defence Deal

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    MEA Refutes ‘Inaccurate’ Claims by Grand Mufti on Nimisha Priya’s Death Sentence Being Cancelled

    Grand Mufti’s Claims on Nimisha Priya’s Death Sentence Being Cancelled Are ‘Inaccurate’: MEA

    India Rejects Western Pressure: National Interest Over Global Optics

    Should We Switch Off Our Economy? Indian Envoy’s Sharp Response to Question on Russian Oil

    China’s Failed Gamble in the Maldives: A Broader Pattern in South Asia

    China’s Failed Gamble in the Maldives: A Broader Pattern in South Asia

    Pakistan Backs Off: Islamabad Caves In on TRF After U.S. Terror Tag

    Pakistan Backs Off: Islamabad Caves In on TRF After U.S. Terror Tag

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    Chola Legacy, Modi’s Message: Restoring Dharma in Tamil Political Discourse

    Rajendra Chola to PM Modi: Reclaiming Tamil Nadu’s Forgotten Hindu Civilizational Heritage

    Schools in Delhi May Soon Bear Names of Local Kargil Martyrs, Says Minister on Vijay Diwas

    Schools in Delhi May Soon Bear Names of Local Kargil Martyrs, Says Minister on Vijay Diwas

    NCERT Textbook Reveals Mughal Religious Intolerance

    Ruthless Babur, Violent Akbar, Destructive Aurangzeb: NCERT Textbook Reveals Mughal Religious Intolerance

    India Built Gardens Long Before Babur Dreamt of Charbagh

    Before the Mughals: India’s Civilisation Built Gardens Long Before Babur Dreamt of Charbaghs

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Paw-lling Error: Golden Retriever named ‘Dog Babu’ Gets Voter-Ready in Bihar

    Paw-lling Error: Golden Retriever named ‘Dog Babu’ Gets Voter-Ready in Bihar

    Divya Deshmukh, First Indian to Win FIDE Women’s World Cup

    19-Year-Old Divya Deshmukh Makes History as First Indian Woman to Win FIDE World Cup

    How Rajabet Casino is Innovating Online Betting in India’s Competitive Market?

    India Cautions Citizens in Cambodia Amid Tensions Along Thai Border

    India Cautions its Citizens in Cambodia Amid Tensions Along Thai Border

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    All 3 Terrorists Behind Pahalgam Attack Eliminated in Operation Mahadev: Amit Shah In Lok Sabha

    All 3 Terrorists Behind Pahalgam Attack Eliminated in Operation Mahadev: Amit Shah In Lok Sabha

    Cracks in Congress Widen as National Security Debate Exposes Internal Rift

    Cracks in Congress Widen: Manish Tewari Shares Cryptic Post After Being Silenced in Operation Sindoor Debate

    Priyanka Gandhi Vadra Returns to Lutyens’ Delhi

    Priyanka Gandhi Vadra Returns to Lutyens’ Delhi with Allotment of 81 Lodhi Estate Bungalow

    BJP Slams TMC's Kalyan Banerjee for Referring to PoK as ‘Azad Kashmir’, Mocking Security Forces in Parliament

    BJP Slams TMC’s Kalyan Banerjee for Referring to PoK as ‘Azad Kashmir’, Mocking Security Forces in Parliament

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    India Bans 25 OTT Platforms

    India Bans 25 OTT Platforms Including ULLU, ALTT & Desiflix for Obscene Content

    Union Commerce Minister Piyush Goyal and UK Trade Secretary Jonathan Reynolds formally signed the Free Trade Agreement

    India, UK Sign Historic FTA; Modi Sends Stern Message on Terror, Corruption, and Democracy Abuse

    What Can the Hindustan Zinc Share Price Tell Us About Strategic Resource Investing in India

    What Can the Hindustan Zinc Share Price Tell Us About Strategic Resource Investing in India

    How to Choose the Best Bank to Open a Savings Account in 2025

    How to Choose the Best Bank to Open a Savings Account in 2025

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Pakistan Was Forced to Kneel Before India’s Might, Confirms Rajnath Singh

    Pakistan Couldn’t Handle India’s Retaliation, DGMO Pleaded for Truce: Rajnath Singh in Lok Sabha

    Pahalgam Attack Mastermind Hashim Musa Eliminated in J&K

    Ex-Pak Para Commando, Pahalgam Attack Mastermind Hashim Musa Eliminated in J&K Encounter

    J&K Encounter Under Operation Mahadev: 3 Lashkar Terrorists Killed, Pahalgam Link Confirmed

    J&K Encounter Under Operation Mahadev: 3 Lashkar Terrorists Killed, Pahalgam Link Confirmed

    Landmark US Tech Transfer: India to Produce V-BAT Drones

    US Origin V-BAT Drones to Be Made in India Under Rare Defence Deal

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    MEA Refutes ‘Inaccurate’ Claims by Grand Mufti on Nimisha Priya’s Death Sentence Being Cancelled

    Grand Mufti’s Claims on Nimisha Priya’s Death Sentence Being Cancelled Are ‘Inaccurate’: MEA

    India Rejects Western Pressure: National Interest Over Global Optics

    Should We Switch Off Our Economy? Indian Envoy’s Sharp Response to Question on Russian Oil

    China’s Failed Gamble in the Maldives: A Broader Pattern in South Asia

    China’s Failed Gamble in the Maldives: A Broader Pattern in South Asia

    Pakistan Backs Off: Islamabad Caves In on TRF After U.S. Terror Tag

    Pakistan Backs Off: Islamabad Caves In on TRF After U.S. Terror Tag

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    Chola Legacy, Modi’s Message: Restoring Dharma in Tamil Political Discourse

    Rajendra Chola to PM Modi: Reclaiming Tamil Nadu’s Forgotten Hindu Civilizational Heritage

    Schools in Delhi May Soon Bear Names of Local Kargil Martyrs, Says Minister on Vijay Diwas

    Schools in Delhi May Soon Bear Names of Local Kargil Martyrs, Says Minister on Vijay Diwas

    NCERT Textbook Reveals Mughal Religious Intolerance

    Ruthless Babur, Violent Akbar, Destructive Aurangzeb: NCERT Textbook Reveals Mughal Religious Intolerance

    India Built Gardens Long Before Babur Dreamt of Charbagh

    Before the Mughals: India’s Civilisation Built Gardens Long Before Babur Dreamt of Charbaghs

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Paw-lling Error: Golden Retriever named ‘Dog Babu’ Gets Voter-Ready in Bihar

    Paw-lling Error: Golden Retriever named ‘Dog Babu’ Gets Voter-Ready in Bihar

    Divya Deshmukh, First Indian to Win FIDE Women’s World Cup

    19-Year-Old Divya Deshmukh Makes History as First Indian Woman to Win FIDE World Cup

    How Rajabet Casino is Innovating Online Betting in India’s Competitive Market?

    India Cautions Citizens in Cambodia Amid Tensions Along Thai Border

    India Cautions its Citizens in Cambodia Amid Tensions Along Thai Border

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

What Narayana Murthy has said about Manmohan Singh is what every Indian businessman feels about him

Abhishek Kumar Singh by Abhishek Kumar Singh
24 September 2022
in Politics
Manmohan Singh
Share on FacebookShare on X

Dr Manmohan Singh is one of the nicest individuals in Indian political space. Rudeness and his intellectual reputation just do not go hand in hand. The Indian business circle also holds him in similar regard. But being pragmatic ones, they do not refrain from bringing ugly side of the niceness in the Economist. These voices are getting louder now.

Murthy criticises Manmohan regime

Narayana Murthy, Infosys founder, has called out the UPA2 regime for stalling economic growth in India. He lamented the fact that the slowdown occured at the time when an Economist was sitting at the helm of affairs. Murthy recalled his experience of sitting on the board of HSBC bank. He said that during the initial years of UPA rule, India and China used to enjoy comparable reputations. According to him, at the time when he left the board, China had leapt way ahead of India. In Murthy’s analysis, it happened due to delays by the Manmohan Singh government.

RelatedPosts

India Cautions its Citizens in Cambodia Amid Tensions Along Thai Border

“Operation Sindoor Ongoing, Military Must Maintain High Readiness”: CDS General Anil Chauhan

PM Modi Ranked Most Trusted Global Leader with 75% Approval Rating

Load More

Quote, “But unfortunately, I don’t know what happened afterwards. During Manmohan Singh’s government, who is an extraordinary individual, for whom I have tremendous respect, somehow India stalled. Decisions were not taken quickly, everything was delayed. And by the time I left (HSBC), if China’s name was mentioned 30 times, India’s name was hardly found to be mentioned once.” Murthy said these words despite crediting Manmohan Singh for 1991 reforms.

“He was nice but he could not get the work done.” Have you heard of this statement before? Yes, many times. Right from your school to your workplace, you know one such character. Former Indian Captain Rahul Dravid was also criticised for this very aspect of his personality during his playing days. He later mended his ways and became one of the best Coaches in domestic cricket circles. Unfortunately, Manmohan Singh is not going to have such an opportunity to resurrect himself.

PM Vajpayee’s emphasis on long term investment

When Manmohan Singh was handed over the responsibility of Prime Ministership by Sonia Gandhi, he had a solid base to build upon. PM Vajpayee had left a never-ending imprint on the polity of India. He had focussed on strengthening long term prospects of India in both national as well as international affairs.

While Saurva Ganguly was setting base for 2011 world cup win, Shri Vajpayee was setting the base for India’s dominance in the Asian century. PM Vajpayee understood that India would have demographic advantage within 2 decades. That is why he focussed on empowering the future of the nation. By launching the Sarva Shiksha Abhiyan in 2001, he aimed to educate every child between 6 to 14 years of age. The long-term thinking was that these children would become a part of the workforce a decade down the line.

It was due to Vajpayee Ji’s emphasis on making education a fundamental right that Manmohan Singh government was able to achieve “near universal education” at the primary school level.

Road connectivity to villages

One of the many factors influencing the accessibility of education in rural India is that of road network. Under the Pradhan Mantri Gram Sadak Yojana (PMGSY), PM Vajpayee aimed to provide good, all-weather road connectivity to unconnected villages. PM Vajpayee was the only who could think of not burdening the states with financing the roads. This is why PMGSY is a Centrally Sponsored Scheme.

When Manmohan Singh came to power, he rightfully recognised that the initiative was too noble to ditch for political brownie points. Not only that, Singh also enhanced its budgetary allocations. Other road connectivity projects like Golden Quadrilateral which connects four metros, Kolkata, Chennai, Delhi and Mumbai were also left untampered by the Manmohan administration.

Singh built on the foundation

Despite so much spending on the Central government’s part, the Vajpaee government managed to not let the government accounts go haywire. It was done by privatising irrelevant government companies like VSNL, BALCO and Indian Petrochemicals Corporation Limited. The Vajpayee government was so confident about its fiscal discipline that the Prime Minister introduced the Fiscal Responsibility Act to bring down fiscal deficit

Manmohan Singh did not tinker with any of these policies. He in fact strengthened a lot of them. It was only on the back of the ground work done by Vajpayee government that the UPA1 was able to enjoy healthy economic growth, with its highest growth rate being 8.06 per cent.

UPA2 – A disaster

India’s burgeoning economy during UPA1 brought superpowers on its side as well. Manmohan Singh’s political acumen was much credited for the India-US nuclear deal. But things only went south from there. UPA2 was one of the worst nightmares ever faced by Indians in their realisation as politically independent individuals. It was so bad that only emergency era government of Indira Gandhi could topple it in terms of poor performance index.

But when you look at it from the developmental aspect, the government which imposed the emergency had one positive aspect about it. If it wanted it could impose pro-industry policies and very few would have spoken against it. This aspect was missing from the UPA2 government. They faced the problem lying on the other end of the spectrum. They just could not implement their policies. Neither the industry nor the common people trusted them.

Also read: So, Rahul Gandhi was right after all. Rafale deal does have a scam. A UPA scam

Scams – Roadblocker

And why would they? It was a badly formed coalition facing roadblocks at each and every step. A policy paralysis had sent negative sentiments to every section of the population eager towards development. Scams after scams had dented investors’ confidence towards investing in India. Scams such as 2G, AgustaWestland helicopter, Scorpene submarine, Commonwealth Games, and Coal scams kept the government machinery busy in building a political firewall for the party.

In many of these scams, chief accused were those closely connected with power corridors in Delhi. One of them was a minister named A Raja. He was arrested for his hand in a $25 billion 2G scam. The unearthing of the scam ended up in cancellation of 122 licences awarded to different companies. The scam ended up undoing most of the gains made by Shri Atal Bihari’s initiative of New Telecom Policy.

Also read: Rs 1,70,000,0000000: PM Modi saved an amount equivalent to what India under UPA lost in 2G scam

Harakiri all around

Ministers had lost the trust of the masses and industrial bodies were not sure who was in charge. It won’t be wrong to say that during the UPA2 era, the media and Courts were more trusted than the elected government. Coalition compulsions leading to not so strict political actions on the guilty politicians further dented that meagre amount of confidence.

The problem was exacerbated by the after effects of the Global Financial Crisis in 2008. The profligate spending had ensured that the fiscal deficit was not in a healthy state, leading to decline in sentiments about India’s economic prospects. The trust factor between state and private sector was down the abyss. Confusion prevailed over the government’s policies around basic factors of economic growth like land, infrastructure, mining and power.

Also read: “Shall I resign?” Montek Singh Ahluwalia reveals the helplessness of ‘remote control’ PM under UPA

Businesses needed political will

Delayed approvals led to stalling of projects. This further dented investor’s confidence leading to a vicious cycle of policy paralysis. In that circumstance, only political maturity could have saved the UPA2 government. But it seemed as if the Manmohan government had given up on any hope of political and economic revival. They did not even try to take the opposition on board for issues such as FDI in multi brand retail, introduction of new tax regime and many others.

No wonder businesses started to pull their support from the regime. They had seen that a weak man is not the answer. A person who could take everyone on board was needed. Additionally, this person was required to have a proven record of not delaying developmental projects due to political compulsions.

Also read: UPA government was hell bent on selling the entire Delhi to Wakf Board

PM Modi was the answer

PM Modi having more than 1 decade of experience as pro-developmental Chief Minister was the answer. Industrialists had seen how he dealt with anti-development elements in the state. People like Ratan Tata were beneficiaries of PM Modi’s quick decision making ability way back in 2008.

Soon, the advertisement spread through word of mouth and other than a few industrialists who could only sustain by hobnobbing with power circles, most big industrialists lent their support to PM Modi.

When PM Modi became Pradhan Sevak, they were not disappointed at all. Why would they? Look at their main concerns and how PM Modi solved it.

Policy paralysis sorted

Their biggest concern was that of policy paralysis. PM Modi launched a slew of initiatives to eliminate the problem. In his Cabinet, he kept work horses like Arun Jaitley, Piyush Goyal, and Manohar Parrikar, who ensured the speedy implementations of the idea. To change the sentiments in the banking industry, IBC was launched. Through this, banks slowly but steadily became free to lend more money.

Increased consumer spending

Their second biggest problem was the relative lack of willingness on the part of consumers to spend money. PM Modi identified the root of the problem. People did not save money because they did not have means to save.

Through financial inclusion programs such as Jan Dhan Yojana, people got more leeway to save, and spend when time required. To ensure that the poorest of the bunch save their money, they are being provided with two times more food through grain distribution schemes.

MSME sector on rise

The third problem was that of feeder services to big industries. When big factories were installed at a remote setting, they had to spend a lot on ensuring the supply of spare parts and other minute components. Only an efficient MSME sector could solve this problem.

Through emphasis on infrastructure spending and ease of doing business, the Modi government made it easier to start a business. Government sponsored loan schemes are there in case the executioner of the idea faces any fund crisis.

Brain drain reduction

The fourth and possibly the biggest problem for Indian industries was that of brain drain. The problem has been reduced to a certain extent by emphasis on Aatmanirbhar Bharat, make-in-India, Stand up India and Start up India. Today, engineers and managers earning handsome money in foreign countries are returning to contribute towards the nation’s growth. Accessibility of Specific corridors reserved in different geographies have a big role to play in it.

Though there is still a long way to go, it’s definitely a strong start. This is why various big boys of industry have time and again restated their support to PM Modi’s vision. These include Ratan Tata, Anand Mahindra and Narayana Murthy himself.

Support TFI:

Support us to strengthen the ‘Right’ ideology of cultural nationalism by purchasing the best quality garments from TFI-STORE.COM

Also Watch:

Tags: Atal Bihar VajpayeeBusinessEconomyGovernmentIndiaindustryManmohan SinghmoneyNarayana MurthyPoliciesPoliticsUPA2
ShareTweetSend
Previous Post

Not all that glitters is gold – The intriguing world of tabloid culture

Next Post

Actress Revathi Menon biography, career, and life story

Related Posts

All 3 Terrorists Behind Pahalgam Attack Eliminated in Operation Mahadev: Amit Shah In Lok Sabha
Politics

All 3 Terrorists Behind Pahalgam Attack Eliminated in Operation Mahadev: Amit Shah In Lok Sabha

29 July 2025

Union Home Minister Amit Shah on Tuesday informed Parliament that the three terrorists responsible for the brutal April 22...

Cracks in Congress Widen as National Security Debate Exposes Internal Rift
Politics

Cracks in Congress Widen: Manish Tewari Shares Cryptic Post After Being Silenced in Operation Sindoor Debate

29 July 2025

All is not well within the Congress party. A storm is brewing beneath the surface, and it's no longer...

Priyanka Gandhi Vadra Returns to Lutyens’ Delhi
Politics

Priyanka Gandhi Vadra Returns to Lutyens’ Delhi with Allotment of 81 Lodhi Estate Bungalow

29 July 2025

Congress leader Priyanka Gandhi Vadra has been allotted a government bungalow at 81 Lodhi Estate, marking her return to...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

Inside the ₹30,000 Cr Tug of War Between Karisma Kapoor and Sunjay’s Family

Inside the ₹30,000 Cr Tug of War Between Karisma Kapoor and Sunjay’s Family

00:04:08

Should the HR&CE Exist? The Controversial Control Over Hindu Temples in Tamil Nadu

00:06:31

Will India Buy F-35s from US or Build Su-57s with Russia? IAF’s Big Push Explained

00:08:32

PM Modi’s Blueprint for Tamil Nadu Begins at Rajendra Chola’s Capital Gangaikonda Cholapuram

00:07:57

One Woman. Two Brothers. Jodidaran- A Living Example of Polyandry in Himachal's Hatti Tribe.

00:05:32
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap
MASHABLE IS A GLOBAL, MULTI-PLATFORM MEDIA AND ENTERTAINMENT COMPANY. FOR MORE QUERIES AND NEWS, CONTACT US AT info@mashablepartners.com


©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited