Moneycontrol PRO
HomeNewsTrendsPaying homage to India's 9th Prime Minister - P V Narasimha Rao, on his 101st birth anniversary

Paying homage to India's 9th Prime Minister - P V Narasimha Rao, on his 101st birth anniversary

Today, we remember and pay homage to the man who paved the way for modern India. During his tenure, the government undertook a major economic transformation and handled several home security incidents in India.

June 28, 2022 / 15:29 IST
P V Narasimha Rao

P V Narasimha Rao, the 9th Prime Minister of India, was born on June 28 in 1921, and came to be known as the architect of modern India as he successfully helped the economy recover by introducing bold reforms during his five-year tenure.

Today, we remember and pay homage to the man, during whose tenure the government undertook a major economic transformation and handled several home security incidents in India.

ALSO READ: PV Narasimha Rao | A look-back at his political and economic legacy

The economic transformation Rao was embarking on began with the appointment of Manmohan Singh as his Finance Minister. Manmohan Singh implemented International Monetary Fund (IMF) policies with Rao's support to prevent India from economic collapse as part of the Indian globalization reforms.

Rao's term as Prime Minister was an eventful one in India's history. Apart from marking a paradigm shift from Jawaharlal Nehru's industrialising, mixed economic model to a market-driven one, in his time as the PM, the Bharatiya Janata Party (BJP), a major right-wing party, emerged as an alternative to the Indian National Congress, which governed India for most of its history after independence.

On his 101st birth anniversary, major leaders of the Indian government and industrialists paid their respects to the former Prime Minister.





Sangita Rajan
first published: Jun 28, 2022 03:29 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347
CloseOutskill Genai