Prime Minister Narendra Modi has paid tributes to former Prime Minister of India, PV Narasimha Rao, on his birth anniversary.”Tributes to Shri PV Narasimha Rao on his birth anniversary. We remember him as a wonderful scholar with very rich political experience”, the Prime Minister said.
PV born on 28 June 1921 in Andhra Pradesh (now Telangana) was the first and the only Telugu prime minister to reach the office om PM despite Neelam Sanjiva Reddy tried in vain in 1969. Despite becoming a PM at the age of 70, he steered the country towards modernization that Rajiv Gandhi in his 40s failed to visualize.
However, Congress, the party he belonged merely paid tribute in a message owing to ostensible distance between him and the Gandhi-Nehru family.
PV was instrumental to introduce liberalization in the country, shaking the fundamental feudal adherence to rhetoric socialism that was the backbone of the Congress party for over 4 decades until 1990s when his term saw the economy shift.
If India could provide jobs to millions of its billion-plus population and is emerging as the third largest economy today, the foundation was laid by PV Narasimha Rao’s foresight and compromise for the country’s future well in advance.
PV accelerated the dismantling of the License Raj, reversing the socialist policies of Rajiv Gandhi and Indira Gandhi’s government. He chose Dr. Manmohan Singh as his Finance Minister to embark on historic economic transition.
With Rao’s full backing and mandate, Dr. Manmohan Singh launched India’s globalisation angle of the reforms that implemented the International Monetary Fund (IMF) policies to rescue the almost bankrupt nation from economic collapse.
Rao was also referred to as Chanakya for his ability to steer tough economic and political legislation through the parliament at a time when he headed a minority government with numerous allies posing tough challenge to implement liberalization.