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Questions and Answers
Who is widely credited as the architect of India's economic liberalization in the 1990s?
Who is widely credited as the architect of India's economic liberalization in the 1990s?
- Charan Singh
- Jawaharlal Nehru
- P.V. Narasimha Rao (correct)
- M.S. Swaminathan
Which Prime Minister fostered a new era of economic development in India by ending the 'License Raj'?
Which Prime Minister fostered a new era of economic development in India by ending the 'License Raj'?
- P.V. Narasimha Rao (correct)
- Rajiv Gandhi
- Narendra Modi
- Indira Gandhi
What policy did P.V. Narasimha Rao forge with ASEAN nations?
What policy did P.V. Narasimha Rao forge with ASEAN nations?
- South Asian Association for Regional Cooperation (SAARC)
- Look West Policy
- Act East Policy (correct)
- Make in India Policy
During which years did P.V. Narasimha Rao serve as the Prime Minister of India?
During which years did P.V. Narasimha Rao serve as the Prime Minister of India?
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With which countries did P.V. Narasimha Rao boost ties during his tenure as Prime Minister?
With which countries did P.V. Narasimha Rao boost ties during his tenure as Prime Minister?
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Which sector did P.V. Narasimha Rao's reforms focus on during his tenure as Prime Minister?
Which sector did P.V. Narasimha Rao's reforms focus on during his tenure as Prime Minister?
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Study Notes
Bharat Ratna Awardees
- Former Prime Ministers P.V. Narasimha Rao and Charan Singh, along with scientist M.S. Swaminathan, will be awarded the Bharat Ratna, India’s highest civilian honor.
P.V. Narasimha Rao
- Served as the 9th Prime Minister of India from 1991-1996.
- Credited as the architect of India’s economic liberalization in the 1990s.
- Adopted policies that opened the Indian economy to global markets by dismantling the license-permit raj system.
- Ended the ‘License Raj’ and paved the way for foreign investments into India.
- Fostered a new era of economic development, laying a solid foundation for India’s future economic growth and prosperity.
- Pursued pragmatic foreign policy, boosting ties with:
- US
- Israel
- Stabilized relations with:
- China
- Pakistan
- Forged the ‘Look East‘ policy with ASEAN nations.
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