In the 1980s, we were advised, why don't you follow Reaganomics or Thatcherite economics. We said, yes, there are good points, let's see how we can fit them in the Indian economy. Every country has its own way of moving forward.

However Kejriwal failed to produce any such proof. In 2010 Mukherjee was awarded "Finance Minister of the Year for Asia" by Emerging Markets the daily newspaper of record for the World Bank and the International Monetary Fund (IMF). "
Mukherjee held many important posts in the Manmohan Singh government.

Mukherjee lost out in the ensuing power struggle. Mukherjee was also Leader of the House in the Rajya Sabha from 1980 to 1985.