PV Was The Saviour, Ranga Rajan

  • Sanjaya Baru’s book released in Hyd

Hyderabad: The hero who saved the country from bankruptcy by introducing path breaking economic reforms was PV Narasimha Rao, said C Rangarajan, chairman of the Economic Advisory Council of India. He earlier released Sanjaya Baru’s book, 1991 How P. V Narasimha Rao Made History, at Centre for Economic and Social Studies (CESS) on Thursday.

Rangarajan, a former governor of RBI, said politicians in those days used to lack courage to take necessary steps in order to get loan from International Monetary Fund (IMF). The economic situation in 1991 was instrumental in making a reformer, he said. Even if Chandraseksar, the predecessor to PV, was allowed to remain the prime minister, he too would have implemented reforms, Rangarajan commented. He thought the episode of the demolition of the Babri Masjid should have been included in the book.

A Nehruvian

‘PV Narasimha Rao was a Nehruvian. He had deep knowledge of the society. He worked under the leadership of Ramanand Tirtha. He is not an accidental prime minister’ said Dr Ch Hanumantha Rao,former member of planning commission. He said PV had more political experience than any other prime minister except Nehru. Dr Rao commended PV’s contribution to economic reforms.

Dr Parakala Prabhakar, advisor to AP government, said it is very difficult to write about a man who maintained silence in half a dozen languages. PV remains an unknown quantity in many parts of the country. To understand PV one has to read his book ‘Insider’. ‘To me Narasinha Rao comes across as a subverter. He subverted the economy, Nehruvian foreign policy, Congress high command and many other things. It is wrong to describe PV as an arm-chair intellectual. He was a mass leader who contested every single general election. He might have lost one or two. But he was a grassroots politician’ said Prabhakar. He spoke about his association with PV since his childhood. He said PV was a friend of his father, Seshavataram. In the AICC session held at Tirupati, PV asserted that he was following Nehruvian economy while, in fact, he was subverting the same. The way he asserted his leadership when he showed Madhavrao Scindia, Chidambaram and Rangarajan Kumaramangalam who was the boss was very forcefully depicted by Sanjaya, Prabhakar said. He concluded saying that we are proud of being Indians because the country became an economic power thanks to PV.

Sanjaya Baru said the address to the nation delivered by PM Narasimha Rao on 22nd of June in 1991 was prepared by a bureaucrat and PV and no economist was involved. PV was the only PM to write a book after becoming a PM. He wrote a book on Ayodhya episode explaining his viewpoint. Arjun Singh wrote a book which is full of lies, he quipped.

BPR Vittal, senior bureaucrat and author’s father, also shared the dais. The function was attended by a number of former officials, intellectuals and members of PV’s family. The book was earlier released in Delhi.

1 Response

  1. KRR says:

    What Dr. Ranga Rajan said in that function was not fully quoted.

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