India Inc condoles Manmohan Singh's death, recalls commitment to inclusive growth

India Inc Friday condoled the passing away of former Prime Minister Manmohan Singh, saying he had conceptualised India's resurgence with pathbreaking reforms across all areas of the economy.

The Federation of Indian Chambers of Commerce and Industry (FICCI) termed Singh as the architect of India's economic liberalisation and the father of economic reforms, recognising his contribution to introducing the Liberalisation, Privatisation and Globalisation (LPG) reforms in 1991.

"With his visionary leadership, he set India on a new journey of growth, all-round development and global engagement. Always humble, he impressed us all with his academic insights, deep learning and warmth," said Chandrajit Banerjee, Director General, Confederation of Indian Industry (CII).


Under his leadership as finance minister and later as prime minister, India witnessed unprecedented economic growth and emerged as a global economic powerhouse, FICCI said in a statement.

"His visionary policies and unwavering commitment to inclusive growth have left an indelible mark on India's economic landscape," it said.

FICCI also recalled the industry body's long association with the former prime minister. "As prime minister, he supported FICCI by providing valuable guidance on industrial growth and economic policies," it added.

Industry body Assocham underscored Singh's role in the Indian economy's transformation from a controlled economy to a vibrant global economic powerhouse. "An outstanding economist, he helped India's journey from a controlled economy to a vibrant global economic powerhouse. The journey of reforms which began in the early 1990s continues at a new pace," said Sanjay Nayar, president, Assocham.

The Institute of Chartered Accountants of India (ICAI) mourned the loss of the former prime minister, saying, "His leadership and pivotal role in India's economic reforms have left an indelible mark on the nation's progress."