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Economic liberal named India Prime Minister. "NEW DELHI (AP) - Manmohan Singh, whose humble origins inspired him to start the reforms that opened up India's economy, was named prime minister Wednesday, ending weeks of turmoil that culminated with Sonia Gandhi's refusal to take the post .. Singh, an Oxford-educated economist, emphasized the importance of a healthy capital market, creation of jobs and social development, as he tried to calm investors who have been jittery since the likely makeup of the government became clear. The markets soared at the news that Singh was to take the helm .. As finance minister from 1991-96, Singh had reversed four decades of Soviet-style central planning and control and began easing subsidies, blocks on foreign imports and investment that had nearly brought the economy to a standstill .. " MORE "Economist Named India's Prime Minister". Posted by Greg Ransom | TrackBack