Top 7 Dr. Singh`s Key Implementations

Economic Liberalization

As Finance Minister, Singh ended the Licence Raj, boosting industry autonomy and private sector growth, leading to economic growth and global integration.

Trade Policy Reforms

Import licensing was removed for most goods, and tariffs were greatly reduced, promoting better integration into the global economy.

Financial Sector Reforms

Singh reformed banking policies to boost efficiency and competition, modernized capital markets, and founded SEBI as a regulatory body.

Foreign Investment

FDI restrictions were eased, drawing multinational corporations to India and setting the stage for a convertible rupee.

Tax Reforms

Streamlining the tax structure and rationalizing rates enhanced the system`s efficiency and fairness.

Currency Devaluation

Singh devalued the rupee by 20%, enhancing trade and exports by making Indian goods more competitive on the global market.

Indo-US Nuclear Deal

As Prime Minister, Singh secured the Indo-US nuclear deal, boosting India`s energy security and fostering international collaboration.