Manmohan Singh whose economic reforms from the 1990s onwards unleashed an economic boom in India and propelled it to a world power has died aged 92. Starting as finance minister in 1991, he took up the reins when India was close to defaulting on its external debt, had only two weeks of foreign currency reserves left and inflation was well into double figures. He put an end to four decades of socialism, isolationism and stagnation and started by quoting Victor Hugo: “No power on Earth can stop an idea whose time has come.”
When he started his reforms tr Pluto in Scorpio was conjunct the India 6th house Jupiter giving the country an almighty push.
Despite his mild manner and his first love for academia, he was a born revolutionary with a focal point Uranus on a tough-minded Cardinal T square. He was born 26 September 1932 2pm Jhelum, Pakistan (net sources) and had a Libra Sun close to Mercury in his knowledgeable 9th house. He has a strong 8th house (of finances) with Moon Venus in Leo and the economic Neptune Jupiter in Virgo there.
His Saturn in Capricorn was opposition the India Cancer Moon and was conjunct the Reserve Bank of India North Node giving him the drive to impose his bold market reforms on India’s commercial life. Having retreated to academia in 1996 after his initial stint as finance minister he was persuaded out again in 2004 to become prime minister and stayed in situ for ten years.
That early 1930s generation bred in times of hardship with a driving need to change the status quo certainly left their mark. His 9th harmonic was hard-driving and notable – often connected with money and humanitarian ideals. His global- influencer 22H was also exceptionally well aspected.
Re. Jupiter Neptune aspects and high finance. Neptune is viewed by some as the higher octave of Venus.
Both Carter and Singh were renowned for their integrity. Unlike many Indian politicians, Singh did not stick his hand in the till. Likewise Carter, while he may not have made a superb President (at least as far as foreign policy was concerned), no-one could doubt his integrity, which is more than can be said of Nixon or Trump.
Both Carter and Singh knew right from wrong, a suitably Libran attitude.
Jupiter conjunct Neptune in the birth charts of economist could be because Jupiter is a planet that is about abundance and prosperity and Neptune could show dreams and aspirations on a large scale and therefore it is a useful aspect to have in the charts of economists. It probably gives them the ability to factor in and envisage the workings of the economy in terms of nations and the world. On a side note if one has Jupiter square Neptune it could mean that the budget is of no use at all or making a realistic one is almost impossible.
Devika, Thank you. That makes sense.
So kind of you. Wishing you a very happy New Year!
One oddity about economists which I have never quite worked out is the frequency with which Jupiter Neptune conjunctions turn up in their charts. It has several meanings – idealism, optimism etc but I have no idea why theoretical and practising economists have it.
As a related aside, to quote from Wikipedia “on 15 August 1971, the United States ended the convertibility of the US dollar to gold, effectively bringing the Bretton Woods system to an end and rendering the dollar a fiat currency”. Neptune had just turned direct at 0Sag and Jupiter was conjunct it that summer – so they are somehow important economically
Would you believe that somebody was talking about just that event on Twitter/X today?
They were suggesting that that event was the time when property prices started exploding globally (because fiat money no longer had a fixed value. Under the Bretton Woods system, most currencies around the world were linked to the US dollar, which was itself linked to physical gold, which is, by definition limited) and which, coincidentally or otherwise, was also the time birth-rates in the developed world started falling and the average age of both fathers and mothers started going up.
I’ll see if I can find the thread.
In the meanwhile, can one draw an astrological connection between the collapse of the Bretton Woods system and the decline of fertility in the developed world?
Kind of makes sense. Wiki gave the baby boomers birth year as 1947 to 1964. 1964 was the year that Pluto first started conjunct Uranus in Virgo. It ended in 1966/67. In 1966, Singapore KK hospital received a Guinness world record for the most number of birth in a maternity facility each year for 10 years. From then on the birth rate fall.
Saturn, Capricorn rules economists and he appropriately has Saturn in
Capricorn ruling his 2nd H of finances. Uranus, reforms rules his 2nd H
of money. Cancer is another ruler for economists.
As you have also cast the chart for India, it is worth observing that almost all countries formed in the immediate aftermath of WWII will have their first Uranus return in the coming decade, from 2029 onwards.
And the list contains many hot-spots of the world, starting with Syria (1944 or 1946, depending on your point of view), India and Pakistan (August 1947), Israel (1948) and the People’s Republic of China (1949). One can also factor in the Federal Republic of Germany (1949) and the French Fourth Republic (though I don’t know what residual impact a chart of that would have on modern France).
Of course India, Pakistan and the PRC are all nuclear powers, so hopefully MAD (mutually assured destruction) won’t be triggered.
As an aside, Marjorie, can you do the annual forecasts for India, Iran, Israel and the EU? All interesting hotspots for the coming year.
An extremely important point. Thank you.
Thank you so much for this.
We heartedly acknowledge your condolences.
“His Saturn in Capricorn was opposition the India Cancer Moon and was conjunct the Reserve Bank of India North Node giving him the drive to impose his bold market reforms on India’s commercial life.”
He was of course also Governor of the Reserve Bank of India, in addition to being Chief Financial Secretary before and heading the Planning Commission of India after his stint as governor (in India and most Westminster style systems, these positions are occupied by non-political bureaucrats). In other words, he was destined to be a mild-mannered senior bureaucrat, before being plucked from obscurity to be made Finance Minister in 1991. Is there an astrological reason for his rise in 1991?
As an aside, even years after he stood down as Prime Minister, he continued to be a member of the Rajya Sabha (the upper house of the Indian Parliament) and continued to attend there, in a wheelchair, even at the age of 91, in August 2023.
I hadn’t known that he was a Cambridge (his Bachelors and Masters) and an Oxford (his D.Phil) alumni, and that too pre-DEI.