Former Prime Minister PV Narasimha Rao was the “great son of the soil” and could rightly be called the father of economic reforms in India, as he had the finance minister, Manmohan Singh, who had both the vision and the courage to pursue him. In his cabinet, said on Friday.
Dr. Manmohan Singh made his remarks while addressing the inaugural function of the year-long birth centenary celebrations of the late Prime Minister organized by the Telangana unit of the Congress. Interestingly, the event coincided with the presentation of the first budget of Mr. Rao’s government in 1991 by him.
The budget of 1991 is laid to shape modern India and emphasize economic reforms.
A former Prime Minister, Dr. Singh said, “It was a difficult decision and a bold decision and it was possible because Prime Minister Narasimha Rao gave me the freedom to roll things, because they had fully understood the economy of India at that time. ” Said online.
Like former Prime Minister Rajiv Gandhi, Mr. Rao said that on this day, while inaugurating his birth centenary, I give humble respect to the man who had the courage to pursue and carry forward these reforms. There was great concern for the poor of the country.
Dr. Singh also said that PV Narasimha Rao was his “friend, philosopher and guide” in many ways.
Quoting French poet and novelist Victor Hugo, Drs. Singh said that he once said that “no power on earth can stop an idea whose time has come”. He said that India’s rise as a major economic power was one such idea.
“It was a difficult journey ahead, but it was time to tell the whole world loudly and clearly that India was wide awake. The rest is history. Looking back, Narasimha Rao could indeed be called the father of economic reforms in India. Is, “the former prime minister said.