HomeNewsIndiaP V Narasimha Rao can truly be called father of economic reforms in India: Manmohan Singh

P V Narasimha Rao can truly be called father of economic reforms in India: Manmohan Singh

Singh, while addressing the inaugural function of the year-long birth centenary celebrations of the late prime minister organised by the Congress's Telangana unit, said he is particularly happy that the programme coincides with the presentation of the first budget of Rao's government by him in 1991.

July 24, 2020 / 16:45 IST
Story continues below Advertisement

Former prime minister P V Narasimha Rao was a "great son of the soil" and he can truly be called the father of economic reforms in India as he had both the vision and the courage to push them forward, Manmohan Singh, who was finance minister in his cabinet, said on Friday.

Singh, while addressing the inaugural function of the year-long birth centenary celebrations of the late prime minister organised by the Congress's Telangana unit, said he is particularly happy that the programme coincides with the presentation of the first budget of Rao's government by him in 1991.

Story continues below Advertisement

The 1991 budget is hailed by many as one that laid the foundations of a modern India and the roadmap for pushing economic reforms in the country.

Recalling that he as finance minister in the Narasimha Rao cabinet had dedicated his first budget to the memory of Rajiv Gandhi, Singh said the 1991 budget changed India in many ways as it ushered in economic reforms and liberalisation.