Can Manmohan revive economy?

GN Bureau | June 28, 2012



Manmohan Singh is back as finance minister. During his first term in North Block, he launched a series of reforms and put the economy in a higher growth trajectory. Today, the economy needs, if not a magic wand, at least bold initiatives. The political situation then, of course, was different, and moreover the political part was handled by Narasimha Rao. Today, Manmohan Singh is first a prime minister and then handling charge of the finance ministry for while. On top of that, he is busy tackling not only warring allies who oppose reforms, but also his own party. Does he have room enough to be a bold FM again?
 

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