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After Manmohan Singh's passing, internet compares his speeches with Nirmala Sitharaman's in viral video, watch

Manmohan Singh's passing at 92 has reignited discussions about his transformative economic reforms as Finance Minister and his legacy as Prime Minister. Comparisons with current Finance Minister Nirmala Sitharaman, criticised for policies perceived as burdensome to the middle class, have also come to the fore and sparked debate.
Srishti B Dutta Updated on Dec 27, 2024, 09:34 IST

Former Prime Minister Manmohan Singh passed away at the age of 92 on Thursday due to age-related health complications, according to the All India Institute of Medical Sciences (AIIMS) in Delhi, where he was undergoing treatment. Singh, who also served as India's Finance Minister from 1991 to 1996, played a pivotal role in shaping the country's economic policies. Following his demise, comparisons between his legacy and the current finance minister¡ªwho has faced significant public criticism¡ªhave sparked widespread discussion online.

Manmohan Singh vs Nirmala Sitharaman comparison video goes viral

A video featuring speeches by Manmohan Singh and Nirmala Sitharaman in the Lok Sabha during their respective tenures has gone viral.

Manmohan Singh, who served as India's 22nd Union Finance Minister from June 21, 1991, to May 16, 1996, oversaw the landmark 1991 economic reforms.

In the video, Singh, speaking about the reforms, says, "We will do everything to help our industry to compete effectively. That is a commitment I own up. I, as Finance Minstry, have an obligation to see that Indian industries' hands is strengthened to compete effectively against foreign firms in our country. That is a commitment I own."

The video juxtaposes the speeches of current Finance Minister Nirmala Sitharaman, who has held the position since 2019.?

In one clip, she justifies the rupee's recent historic fall to an all-time low of Rs 85.16 against the dollar, attributing it to the dollar's strength rather than the rupee's weakness: "Look at it as not rupees sliding and look at it as dollar strengthening incessantly. So obviously all the currencies are performing against a strengthening dollar. India¡¯s rupee probably has withstood this dollar market currencies."

The same video shows a clip from a different speech, in which Sitharaman responds to rising prices of essentials like onions and garlic, saying, "Mai itna lassan pyaaz nahi khaati ji. Mai aise parivar se ati hu jaha onion pyaaz se matlab nahi rakhte." (I don't eat that much garlic and onions, sir. I come from a family where onions and garlic don't matter.)

Manmohan Singh as Finance Minister

Manmohan Singh, who served as India's 22nd Finance Minister from 1991 to 1996, is widely regarded as the architect of India's economic liberalisation.?

Assuming office during a severe economic crisis¡ªwith foreign exchange reserves barely sufficient to cover a few weeks of imports¡ªSingh implemented a series of transformative reforms, known as the Liberalisation, Privatisation, and Globalisation (LPG) reforms, that shifted India from a closed, centrally planned economy to a more open and market-oriented one.

Singh's policies not only addressed the immediate economic crisis but also laid the foundation for India's emergence as a major economic power in the subsequent decades.

Credit: Reuters

Key measures during his tenure included devaluing the rupee to boost exports, reducing import tariffs, dismantling the License Raj (a complex system of licenses and regulations), and encouraging foreign direct investment.

In the wake of his passing, many are reflecting on his tenure as both Finance Minister and Prime Minister, drawing comparisons to the current Finance Minister, Nirmala Sitharaman.?

Critics view Sitharaman as being disconnected from the struggles of India's middle class, accusing her of burdening them with excessive taxes, a stark contrast to Singh's legacy.

Why do people dislike Nirmala Sitharaman?

Why All the Hate on Nirmala Sitharaman?
byu/kiwipiggiy inindianews

As one Reddit user writes, "The woman is trying to tax the middle class out of exsistence that's why. Her budget only benifit the top 1 percent and the very poor. They are trying to squeeze the middle class dry to fund freebies."

Another added, "Because she taxes the middle class only while the rich go scot free. The very poor cannot be taxed anyway, and they won't even aspire to raise above their economic class now given how much the middle class are being squeezed by her."

Manmohan Singh, however, was not without his share of criticism during his tenure as Prime Minister. He was often labelled the "silent Prime Minister" or a "puppet" of Sonia Gandhi.

In this context, his remarks during his final press conference as Prime Minister on January 3, 2014, resonate deeply: "I honestly believe history will be kinder to me than the contemporary media or for that matter, the Opposition parties in Parliament."

As history has vindicated Singh's legacy, a similar perspective might emerge for Sitharaman in the years to come.

To stay updated on the stories that are going viral, follow Indiatimes Trending.

Srishti B Dutta

Srishti B Dutta brings you everything from rags-to-riches tales and inspiring student success stories to those "No way, this can't be real!" moments. Whether it's intriguing, heartwarming, or just plain quirky, she's got it covered.

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