![]() ![]() Narasimha Rao would have done the same and opened up the economy, and that as many in the Congress believe, that it was Rajiv Gandhi who sowed the first seeds of economic liberalisation and Rao only followed Rajiv's roadmap, that it was not solely Mr Narasimha Rao's idea. ![]() ![]() How bad was it? And in retrospect, do you believe that anyone else in the place of P.V. Former prime minister Narasimha Rao's economic liberalization in 1991 came when India's gold and cash reserves had dipped to an all time low and India was on the verge of economic meltdown. Narasimha Rao transformed India gives Deccan Chronicle an insight into how Narasimha Rao charted the tricky post socialist world he was given to rule without the popular mandate that most politicians used to justify their actions.ġ. Narasimha Rao transformed IndiaĪs India marks 25 years since former prime minister Narasimha Rao set in motion the economic liberalisation that catapulted India into the big leagues in the nineties, and Prime Minister Narendra Modi prepares in the coming weeks to unveil a budget and an economic reboot that is already being described as Liberali-sation 2.0, Vinay Sitapati, author of the book Half-Lion – How P.V. Vinay Sitapati, author of the acclaimed Half-Lion – How P.V. ![]()
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