Indian economist and policymaker N K Singh, aged 83, was recently awarded an honorary fellowship by the London School of Economics and Political Science (LSE) at a ceremony held in London. This prestigious recognition places Singh in the esteemed company of past recipients such as Sir Karl Popper, Amartya Sen, and Queen Elizabeth the Queen Mother.
Expressing his gratitude, Singh remarked, “It is a humbling moment for me considering the stature of many of my predecessors.” He highlighted the longstanding relationship between India and LSE, emphasizing the intellectual exchange that has shaped both entities over the years. Notably, Dr. Bhim Rao Ambedkar, a key architect of India’s Constitution, was also an alumnus of LSE, underscoring its historical significance.
In his address, Singh discussed global economic models, critiquing the Washington Consensus for its impact on inequality and societal discontent. He contrasted this with China’s growth under a centralized political system and the slower growth rates observed in Europe, proposing India’s unique approach based on technological advancement, sustainable practices, and enhanced public services.
Reflecting on India’s geopolitical role, Singh highlighted the nation’s contributions to the non-aligned movement and its pivotal role in forums like BRICS. He stressed India’s adeptness in navigating complex international relations and forging strategic partnerships, positioning the country to influence global narratives effectively.
The honorary fellowship acknowledges Singh’s significant contributions to LSE and his leadership in India’s economic reforms since the transformative era of 1991. He played a central role in shaping macroeconomic policies under Prime Minister Atal Bihari Vajpayee’s administration and held key positions within the Ministry of Finance, contributing to India’s economic growth trajectory.
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Currently serving as co-convenor of a G20 expert group on multilateral development bank reforms and president of the Institute of Economic Growth, Singh continues to influence global economic discourse. His longstanding association with LSE includes co-chairing its India advisory board, further cementing his commitment to fostering Indo-British academic collaboration.
The award ceremony not only celebrates Singh’s achievements but also underscores his enduring impact on economic policy and international relations, positioning him as a prominent figure in both academic and policymaking circles globally.
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