![]() ![]() The new trade policy would not have come about as speedily without Chidambaram. On his own, without Rao’s constant support, he would not have done it. But Manmohan Singh is a reticent man and cautious by nature. It needed Manmohan Singh to come and change the nation’s mind-set to growth. In a brilliant move, he set up a set of committees-bank reform under Narsimhan, tax reform under Chelliah, and insurance reform under Malhotra-and they provided crucial intellectual sustenance and legitimacy for reform measures in these areas. ![]() To the extent that there was one, he created the road map. ![]() At the same time, the reforms would not have happened without Manmohan Singh. The manner in which he pushed through the industrial policy in the cabinet is an example. He was shrewd and knew how to deal with dissent. “Although Manmohan Singh, the helmsman, got the credit, it was Rao who took the tough and aggressive decisions and provided the energy and political support. ![]()
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