<p>After Dr. Manmohan Singh assumed office as Finance Minister, he took significant steps to strengthen India’s economy. The value of the rupee against the dollar was reduced, and strategic loans were obtained from organizations like the IMF. The government began dismantling the License Raj system, opening up opportunities for the private sector. Foreign investments were encouraged by raising the FDI limit from 40% to 51%, and India’s market was opened to foreign companies. Despite facing resistance, these reforms led to a positive impact in just a few months. Former Vice President Jagdeep Dhankar paid tribute to Manmohan Singh, recalling his simple life, with his beloved Maruti 800 often parked next to the Prime Minister’s BMW.</p>