Congress President Mallikarjun Kharge on Wednesday commemorated the 1991 Liberalisation Budget as a landmark moment in India’s economic history. In a statement on X, Congress President Mallikarjun Kharge highlighted the significance of the budget introduced under Prime Minister P. V. Narasimha Rao and Finance Minister Dr. Manmohan Singh, which he described as “groundbreaking” and pivotal in shaping India’s economic landscape.
Congress President Mallikarjun Kharge praised the 1991 budget for its transformative impact, which not only empowered the middle class but also played a crucial role in lifting millions out of poverty. He emphasized that the reforms initiated by this budget ushered in a new era of economic progress and have been instrumental in driving India’s growth trajectory.
Reflecting on the achievements of the past, Congress President Mallikarjun Kharge stressed the necessity for a new wave of robust second-generation reforms. He pointed out that, just as the 1991 reforms were crucial for India’s development, there is a current need for similar transformative changes that address the needs of both the middle class and marginalized communities.
The Congress leader’s remarks come as the country reviews the implications of the latest budget announcements. Congress President Mallikarjun Kharge’s comments underscore the ongoing debate about economic policy and reform, reinforcing the Congress party’s stance on the importance of continued progress and innovation in India’s economic strategy.
