Entity P. V. Narasimha Rao

P. V. Narasimha Rao, Prime Minister of India from 1991 to 1996.

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Angela Merkel did credit Manmohan Singh’s 1991 reforms with helping enable almost three decades of Indian economic growth, and contemporary records confirm a major shift in trade, licensing, investment and finance under the Rao government. But growth was not literally uninterrupted or caused by one person: later reforms, investment and global conditions mattered, and economists…

Open Post: India’s 1991 reforms helped reshape long-run growth; the one-man ‘uninterrupted’ story is too simple