Dr Manmohan Singh was one of the most well-trained professors of Economics of our time,who had set high standards for the teachers to come, recalls an ex-student,the world-renowned Economist,Professor Ajit Singh,who holds the prestigious Dr Manmohan Singh Chair,instituted after the name of his teacher at Panjab University.
On his third visit to the university since being appointed to the Chair,Professor Singh congratulated the university for its recent feat of being among the top 250 universities of the world. It is indeed a big achievement,and more importantly because other developing countries are closely monitoring the progress of India. So when a university from India is ranked among the top 250 of the world,it acts as a morale booster to all the other countries, he said.
Professor Singh graduated with a BA (Mathematics and Economics) from the university in 1958,when our present Prime Minister Dr Manmohan Singh was his teacher. Despite battling with Parkinsons disease since 1982,Professor Singh has been actively doing his duties as a professor at Cambridge University. In 2010,he was awarded Glory of India award for individual excellence,excellent performance and outstanding contribution for the progress of the nation and worldwide.
When asked about what keeps him motivated,Professor Singh,said,If I do not give a lecture today,I will not be able to give it ever. It is all about discipline,and if you are determined not to compromise on that,then nothing in the world is difficult.
Talking about the standard of education in India,the professor highlights that there is lack of institutionalisation in India. India is the home of traditional knowledge,but we do not have universities which can use that knowledge. We need to develop that talent,and importance must equally be given to humanities, he said.
He also called upon students of Economics not to accept any famous theories until they make sure its truly applicable. Economics is a strange subject,where every person has some theory to give. So,students must be cautious, he said.
At present,Professor Singh is working on his research on the financial markets and economic development in China and India,and their implications for the US and world economy.