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Interesting Facts About PV Narasimha Rao – The Father of Indian Economic Reforms

Interesting Facts About PV Narasimha Rao - The Father of Indian Economic Reforms
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In the history of Indian Politics, whenever the Indian Economy will be discussed you’ll come across learning about PV Narasimha Rao. Every Indian citizen and good historian would definitely know about PV Narasimha Rao. He is also famous as the 9th prime minister PV Narasimha Rao. During economic reforms in India 1991, the former Prime Minister, Pamulaparthi Venkata Narasimha Rao held the nation through the most turmoil phase of Indian Economic history ever seen. Read some unknown interesting facts about PV Narasimha Rao, the father of Indian Economic reforms.

About 9th Prime Minister PV Narasimha Rao

PV Narasimha Rao was born 28th of June, 1921. He was educated as a lawyer and later joined Indian Politics. He was popularly known as the father of Indian Economic reforms for his valuable decisions made during his reign as Prime Minister. The banishment of the Nehru policy of License Raj and reframing the social policies has been the all-time debated decision of the former Prime Minister PV Narasimha Rao. 

When elected as the 9th Prime Minister of India, he was the first Prime Minister from southern India and the second to belong to the non-Hindi-speaking region. Words are cut short to explain the excellence of the 9th PM of India.

Political Career Of 9th PM Of India 

During his early years, not only was he a part of the Vande Mataram movement in Hyderabad but also actively participated in the National Movement for freedom. Later, he became a full-time politician. He served in various ministries of the Andhra Pradesh government and eventually got elected as Chief Minister in 1971. The land reforms and reservations for lower castes were implemented during his reign as Chief Minister of Andhra Pradesh. 

Former Prime Minister PV Narasimha Rao not only encouraged military reforms against Pakistan and China’s terrorism at borders but never missed a chance to aim at them during press conferences. He showed the national market new measures of foreign investment and trade.

Why PV Narasimha Rao Is Known As The Father Of Indian Economic Reforms?

In 1991, the Indian Market experienced an adverse crisis of all times. The war taking place in Gulf countries led to a sharp increase in oil prices and deporting of Indian workers working in foreign countries took place. The declining situation drowned the Indian Forex reserves and GDP declined gradually. This came down to adding up to more problems for the common man. It was the utmost priority of the newly elected government to deal with the immediate emergency. 

During the 1991 economic crisis, various new policies were transformed including trade policy, reformed trade policy, and a fresh new budget and addition to the ongoing budget. It was indeed a challenge for the then Prime Minister PV Narasimha Rao, and finance minister, Dr. Manmohan Singh. 

PV Narasimha Rao and Manmohan Singh.jpg

PV Narasimha Rao and Manmohan Singh, both eventually succeeded in saving the economy of the nation, for which he is famously known as the father of Indian Economic Reforms. Rao was even called “Chanakya” for his extraordinary economical skills. After being a political veteran and economic reform, there are several mind-wobbling facts about PV Narasimha Rao. 

Unknown Facts About PV Narasimha Rao

  1. PV Narasimha Rao is proficient in speaking 8 Indian languages including Marathi, Hindi, Oriya, Urdu, Bengali, Gujarati, and Sanskrit, and he could also speak 8 foreign languages which include, English, French, Arabic, Spanish, Greek, Latin, Persian, and German. He was truly a social and multilingual man.  
  1. Rao almost retired from politics during the year 1991 but the sudden death of Rajiv Gandhi called upon his duty to serve the nation with his valuable services. 
  1. He was a trained guerrilla fighter who stood against the Nizam of Hyderabad for his fellow guerrilla fighters. 
  1. He took valuable steps to boost national nuclear and missile testing which resulted in the successful testing of nuclear missiles in Pokhran, in 1998, during the reign of Atal Bihari Vajpayee as Prime Minister.
  2. According to some sources, even after serving in prestigious posts he stood honest to his cause and faced a lot of economic troubles which made him sell his house. He even struggled to pay his daughter’s fees for medical education.

The Demise Of PV Narasimha Rao

PV Narasimha Rao married Satyamma Rao (died on the 1st of July, 1970). They had 3 sons and 5 daughters. Rao took his last breath on the 23rd of December 2004. He suffered from a heart attack that resulted in his death 14 days later. Nearly ten years after his passing, PV Narasimha Rao’s much-anticipated memorial was held in Delhi by the BJP government.

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