Congress Whip in Lok Sabha ,Manickam Tagore Attributes India's Economic Growth to Former PM Rajiv Gandhi
- Posted on July 27, 2023
- News
- By Sakshi Gupta
- 263 Views
Congress Whip in Lok Sabha,
Manickam Tagore, emphasized that India's economic growth, which has propelled
it to the fifth position in the global economy, can be traced back to the
visionary liberalization policies initiated by former Prime Minister Rajiv
Gandhi in 1988-89.
Tagore highlighted the
significance of per capita income as a crucial indicator of the well-being of
the people, rather than solely focusing on the size of the economy.
The assertion by Manickam Tagore comes amid ongoing political debates and discussions in the Parliament, with the opposition raising concerns over what they perceive as a stifling of the democratic process.
Tagore's remarks echoed the
sentiment of the Congress party, which chose to express their protest against
what they perceived as undemocratic acts by wearing black attire during the
session. The act served as a visual representation of their concerns and a way
to bring attention to the challenges faced in conducting democratic debates and
discussions in the Parliament.
India's economic growth
trajectory has been notable, moving from the tenth to the fifth largest economy
globally. While many factors have contributed to this rise, Tagore underscored
the significance of the liberalization policies initiated by Rajiv Gandhi
during his tenure as Prime Minister.
These policies aimed at opening up the Indian economy to global markets, encouraging foreign investments, and deregulating several sectors, thereby setting the stage for substantial economic expansion.
According to Tagore, measuring the country's economic success should go beyond focusing solely on its GDP ranking and concentrate on how the benefits of economic growth are distributed among the population. The real success, he stressed, lies in ensuring that the citizens are well-fed and experience an improvement in their income levels.
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