Dr. Manmohan Singh's works for financial upliftment of India started as early as 1991 when the then-Prime Minister of India, P.V. Narasimha Rao, chose Mr. Singh as the Financial Minister. At that time, India was facing a huge economic crisis. The first step taken by them to tackle the fincancial problem was to change socialist economic system that prevailed here that time to capitalist economic system. License Raj was dismantled and that helped private firms to prosper. Major reforms helped FDI(Foreign Direct Investment) to get a strong hold on Indian economy. Privatisation of public firms helped in tackling the economic crisis, though the reforms had strong oppositions at first.

These reforms increased financial growth of India from 3% to 8-9% in the following years. When Mr. Singh became the Prime Minister of India in  after his roles as Finance Minister and Foreign Minister of India, he continued the economic reforms alongwith Mr. P Chidambaram, Finance Minister of India. Mr. P. Chidambaram's works are also praiseworthy. It was Mr. Chidambaram who made reforms in Taxation in 2008 which brought about much relief to tax-payers. The non-taxable amount that could be made as savings for working women was raised to Rs.2,80,000 which was only Rs. 1.5 lakhs before. The tax tarrifs were revised and taxable amount was reduced for working class. 

Dr. Singh's government, has continued the Golden Quadrilateral, and the highway modernization program, that was initiated by Mr. Vajpayee's government. Dr. Singh, has also been working on reforming the banking and financial sectors, and has been working towards reforming public sector companies. In 2005,Dr. Singh's government introduced the VAT (value added tax) that replaced the complex sales tax system. Introduction of VAT created awareness among consumers and they became less prone to treachery by dealers and shopkeepers. Manmohan Singh's government also introduced several reforms for Farmers and Workers in Small Scale Industries. In June 2007, India's economy became a trillion dollar one, but the happy days didn't last long and India began to face economic crisis alongwith other countries around the world in 2008. 

But no one can deny that without eminent personalities like Mr. Singh and Mr. Chidambaram, India could never have achieved an economic upliftment and could have remained in the state what it had been about two decades ago.