Birthday: June 28, 1921 (Cancer)
Born In: Karimnagar, India
P. V. Narasimha Rao was an Indian politician who served as the 10th Prime Minister of India. Under his administration several major economic reforms were implemented which led to the dismantling of the License Raj, opening up the Indian economy for speedy economic development and growth. Because of this he is often referred to as the "Father of Indian Economic Reforms". The dismantling of the License Raj was a major milestone in the history of Indian economics as it reversed the socialist policies adopted by the successive Indian governments after the independence and paved the way for India to be an active participant in the wave of globalization which was sweeping through the world. With his brilliant administration and relentless actions aimed towards the country’s development, he rescued India from an economic collapse and set the pace for recovery and growth. In addition to his visionary leadership, he is also famous for being the first Prime Minster hailing from non-Hindi-speaking south India. He was a multi-faceted personality who was also a scholar and an intellectual; he spoke 17 languages and had interests in varied subjects like computer programming and literature.
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Also Known As: Pamulaparthi Venkata Narasimha Rao
Died At Age: 83
Spouse/Ex-: Satyamma
Born Country: India
Prime Ministers Political Leaders
Died on: December 23, 2004
place of death: Delhi, India
Notable Alumni: Nagpur University, Fergusson College
Cause of Death: Heart Attack
education: University Of Mumbai, Osmania University, Nagpur University, Fergusson College
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P. V. Narasimha Rao implemented significant economic reforms, including liberalization, privatization, and globalization (LPG), which helped open up the Indian economy and boost economic growth.
P. V. Narasimha Rao prioritized strengthening India's relations with other countries, particularly focusing on improving ties with major global powers like the United States and neighboring countries like China.
He was born on June 28, 1921, in a village in Warangal District, now in Telangana. He was adopted at the age of three by P. Ranga Rao and Rukminiamma, who hailed from agrarian families. His full name was Pamulaparti Venkata Narasimha Rao.
He fought a grueling war against the Nizam, risking his life as he strained to evade getting killed by the Nizam’s army. Even on August 15, 1947—the day India became independent—he was fighting in a forest.
From 1962 to 1973, he held various ministerial positions in the Andhra Pradesh government, serving as the Chief Minister of Andhra Pradesh from 1971–73.
He was planning to leave politics but the assassination of the Congress President Rajiv Gandhi in 1991, made him rethink his decision. The Congress Party chose Rao as its leader and after the 1991 general elections, he became India’s Prime Minister.
Rao chose Manmohan Singh, an acclaimed economist, as his Finance Minister, who helped him in implementing the reforms. The SEBI Act of 1992, and the Security Laws (Amendment) were introduced under his administration.
But his tenure was also marked by the allegations of corruption. He was charged with corruption and bribery in an alleged vote-buying scam dating back to 1993, when Rao’s government was facing a no-confidence motion
In the 1996 general elections the Congress Party was voted out by the Indian electorate and he stepped down as prime minister in May 1996.
He is best remembered for bringing about economic reforms in the country while serving as the Prime Minister. Working along with the Finance Minster, Manmohan Singh, he introduced several measures including cutting government regulations and red tape, abandoning subsidies and fixed prices, and privatizing state-run industries, which ultimately revitalized the economy of India.
He suffered a heart attack on December 9, 2004, and died 14 days later on December 23, 2004, at the age of 83.
P. V. Narasimha Rao was an avid reader and had an extensive personal library with a wide range of books on various subjects.
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