Pakistan, March 6 -- Dr. Manmohan Singh transformed the Indian ailing socialist economy into a thriving market economy. From 2001, the US began to nurture India as a counterweight to China. Indian software export houses like Narayan Murthy's Infosys thus drew in US tech giants such as Microsoft. Manmohan Singh's India was the world's fastest-growing economy, at 8-9% annual growth. Singh was also instrumental in forming BRICS, the new global economic bloc. The economic momentum continued in Modi's first term and Foreign Direct Investment (FDI) in India reached USD 72 billion and foreign exchange reserves stood at USD 600 billion in 2019.

In May 2015, Time magazine featured Modi on its cover page and titled, "Why Modi Matters: The world ne...