Prime Minister of India (1991-1996)
People connected to P. V. Narasimha Rao
He cracked open India's economy when it was weeks from default. In 1991, with foreign reserves nearly exhausted, Narasimha Rao greenlit the liberalisation that turned a closed, license-permit system into the emerging market the world knows now.
Born in 1921, Pamulaparthi Venkata Narasimha Rao came up through independence activism and the law before entering Congress politics. He served as chief minister of Andhra Pradesh, then climbed to Defence, Home Affairs, and External Affairs in the union government. The 1991 general election handed Congress 244 seats — short of a majority — and Rao, with external support, became prime minister, the first from South India and only the second from a non-Hindi-speaking background. The economy was in crisis, foreign reserves nearly gone. He moved fast: opened India to foreign investment, deregulate…
Sourced, dated quotes from P. V. Narasimha Rao
Every time I say anything, people seize on it for all kinds of meanings so I am uncomfortable with talking.
I believe that the charges are baseless and I knew that I had nothing to worry about on that score. But after one full round in the courts, I was beginning to feel embarrassed.
The Congress president's post is different from others. It used to be called rashtrapati in the old days. There is just one in the whole country.
I do not attach too much importance to what astrologers say. In my case, they have never been right. Perhaps, my birth date is inaccurate.
The Congress for some time remained as a respectable residue. But a comprehensive party cannot survive too long as a residue.
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