Dr. Manmohan Singh, former Prime Minister of India died in December, 2024. When was he the Finance Minister of India?

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OSSC Junior Stenographer, Junior Typist (Prelims) Official Paper (Held On: 09 Feb, 2025)
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  1. 1986-1991
  2. 1991-1996
  3. 1996-1998
  4. 1999-2004

Answer (Detailed Solution Below)

Option 2 : 1991-1996
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The correct answer is 1991-1996.

Key Points

  • Dr. Manmohan Singh served as the Finance Minister of India during the tenure of Prime Minister P. V. Narasimha Rao from 1991-1996.
  • He is credited with initiating major economic reforms in India, including liberalization, privatization, and globalization.
  • His policies helped India recover from a severe balance-of-payments crisis in the early 1990s.
  • The 1991 Budget presented by Dr. Singh is considered a landmark in Indian economic history.
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