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Q.

Who is the real architect of Indias economic liberalization-----whether it is the present PM Man Mohan Singh or former PM Narasinha Rao? Why?

Tags: man, entertainment, singh
Asked by Good Citizen, 28 Jun '12 03:20 pm
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Answers (9)

1.

It is no doubt Manmohan Singh who had the guts to liberalise the economy when it was going down. We were short on forex, inflation was sky high & it seemed we would be unable to recover from it. he had the courage & the vision to do so what turned around the Indian Economic diaspora. A fresh second leg of the same is required for us to catapult into the elite league of Developed nations!!
Answered by dharamender nebhnani, 28 Jun '12 04:11 pm

 
  
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2.

1) It is an interesting Q.
2) Because it throws up several interesting issues here like whether all the previous finance ministers before MMS and PVN were stupid and out of touch with the economic reality of the country or whether India lacked a good visionary leader or whether India had been a laggard country etc.
3) To be frank, things have not changed much except the hype associated with the more fashionable terms like Emerging Nation, BRIC member etc.
4) It is true that India and Indians never change to keep pace with the changing times worldwide.
5) The so called economic liberalization itself speaks the naked truth that India failed to have a sound economic policy of its own till then. Or else, it failed to delivery. Both are true considering that the scorching development of the last two decades failed to address the real issue of grinding poverty, hunger, food crisis, basic necessities of life of half of the Indian populace. The gap between the haves and have nots is only ...more
Answered by Tony Fernandez, 28 Jun '12 11:55 pm

 
  
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3.

Narasimha Rao, as the head of the cabinet, but MMS, being the finance Minister, however, if the former had not permitted the latter for it, the economic liberalisation would have not taken place
Answered by rajnikant raiyarela, 28 Jun '12 04:13 pm

 
  
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4.

In my view the real architect award should be given to Mr Rajiv Gandhi. However, if the credit goes to anybody to carry forward such reforms - it has to be none other than Mr P V Narsimha Rao. Sadly, he was royaly ignored during the foundation stone-laying function of the Congress headquarters in Delhi to mark 125 years of the party's formation.
Answered by Uncommon Freind, 28 Jun '12 03:26 pm

 
  
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5.

Then same people should be also architect of India's 500- 600 million population that goes hungry
Answered by mythsbusted, 28 Jun '12 03:25 pm

 
  
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6.

Mr narsimha rao because he gave a free hand to his finance minister this present PM does not have a free hand himself,. how could be back up or support his FM
Answered by rajan, 28 Jun '12 03:23 pm

 
  
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7.

Narasimha Rao, who gave a free hand to MMS. Time and again, MMS has proven that he is an obedient servant to his masters. He got another supporting master in PVNR and see what he had not done in economic liberalisation.
It is said that the only photo available in which PVNS bears a semblence of a smile is the one in which he was standing in the middle of Miss Universe and Miss World. After all, the effect of economic liberalisation is not much more than the cosmetic revolution happened in India thereafter. Hence the proud smile of the man behind the liberalisation.
Answered by Krishnakumar Narayanan, 01 Jul '12 02:24 am

 
  
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8.

None
pressure from US / WTO
Answered by vishwabandhubajpai, 30 Jun '12 06:22 am

 
  
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9.

First define the positive results of this so called freedom
Answered by rekha agarwal, 28 Jun '12 03:28 pm

 
  
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