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PV Narasimha Rao

  • 29 Jun 2020
  • 2 min read

Why in News

Recently, the Telangana Chief Minister launched the year-long celebrations to commemorate the birth centenary of former prime minister P V Narasimha Rao.

  • The centenary celebrations will highlight the 360-degree personality of P V Narasima Rao.

Key Points

  • PV Narasimha Rao was born on 28th June 1921 in erstwhile Nizam's Hyderabad state.
  • He was a freedom fighter, academician, and literary figure. He was also the 9th Prime Minister of India from 1991 to 1996.
  • He published ‘SahasraPhan’, a Hindi translation of the famous Telugu Novel ‘Veyi Padagalu’.
  • Economic Reforms: He sought to dismantle the restrictions imposed under the license raj, reduce red tape and make Indian industries more competitive. 
    • He is known for bringing the policy of economic liberalisation in India.
      • The economic liberalisation in India is referred to the liberalisation of the country's economic policies.
      • It was initiated in 1991 with the goal of making the economy more market- and service-oriented, and expanding the role of private and foreign investment.
  • Foreign Policy: In terms of foreign policy, he established diplomatic relations with Israel.
    • The Look East Policy of India was also initiated during his tenure.
    • He is also known for reversing decades of unfriendly relations between India and the United States by bringing them together.
  • Constitutional Reforms: The 73rd and 74th Constitutional Amendments Act empowering local bodies were enacted during his tenure.

Source: IE

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