Manmohan Singh was unanimously chosen for the award by an international jury chaired by former president Pranab Mukherjee.
“I am glad that Moody’s have done what they have done but we must not be, I think, lured into false belief that we are out of the woods,” Manmohan Singh said
Manmohan Singh said demonetisation had caused a lot of distress to farmers, small industrialists and many people died while standing in queues in front of banks to get cash because of the ban of Rs 500 and Rs 1,000 currency notes last year.
The fact that GST council has met so many times showed that there was undue haste in implementation and the bureaucracy had not done its homework, Manmohan Singh said.
Addressing members of the business community here, Singh said: “The bullet train project will not benefit either the 6.5 crore Gujaratis or the nation. The Rs 88,000 crore soft loan may seem like easy money, but it still needs to be repaid to the Japanese.”
Rebutting allegations that past Congress governments were anti-Gujarat, Singh described how leaders like Mahatma Gandhi, Sardar Patel and Morarji Desai had been honoured.
It was about both politics and economics. It is an acknowledged political success and early ‘returns’ indicate an economic success story as well.
“The average growth rate of agricultural GDP in the first three years of Modi government is only 1.8 per cent. This is half the average growth of 3.7 per cent that we achieved in 10 years,” the former PM said
Manmohan Singh, while addressing businessmen and traders at the Sardar Patel Rashtriya Smarkak in Ahmedabad, described demonetisation and Goods and Services Tax (GST) as “twin blows” to the economy
Manmohan Singh, who was on a visit to the poll-bound Gujarat called out the government over its economic policies.
In his address, Manmohan Singh termed November 8 as ‘black day’ for Indian economy and democracy.
Former PM Manmohan Singh stated that the impact of the demonetisation has been multiple-fold, insisting that the effect on the weaker sections of the society is far more damaging than any economic indicator can reveal.
Former Prime Minister Manmohan Singh described former President Pranab Mukherjee as one of the greatest living politicians and Congressmen who the party turned to whenever there was a crisis to be resolved.
In that meeting in June, he writes, Sonia reminded him: “Pranabji, you are most eminently suited for the office but you should not forget the crucial role you are playing in the functioning of the government.”
Manmohan Singh described Mukherjee as the”most distinguished living parliamentarian and Congressman”, whom everyone in the party looked up to for discussing and resolving difficult issues.