Manmohanomics 3.0

Late afternoon on Friday, May 14, 2004, Manmohan Singh, then leader of the Congress in the Rajya Sabha, hurriedly convened a press conference to convey a message to the markets before they closed: “Investors can be rest assured that the new government will pursue policies to create favourable climate for growth in savings and investment, leading to rapid growth in output. The new government recognises the role of a healthy stock market.

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