PV Narasimha Rao

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PV Narasimha Rao

PV Narasimha Rao ( Pamulaparthi Venkata Narasimha Rao ; Telugu : పాములపర్తి వెంకట నరసింహారావు ; born June 28, 1921 in Karimnagar , Andhra Pradesh ; † December 23, 2004 in Delhi ) was an Indian politician and the ninth Prime Minister of the Republic of India.

Rao studied law in Hyderabad. His political ascent began in 1962 in the regional government of Andhra Pradesh, he entered the political stage at the national level. From 1971 to 1973 he was Chief Minister of Andhra Pradesh. With the support of Indira Gandhi , he became General Secretary of the Congress Party and under their government like that of their son, Rajiv Gandhi , Primary Narasimha Rao served in various departments (home affairs, defense and education). In 1977 he won a mandate in the Indian parliament for the first time and finally became Indian Foreign Minister in 1980 .

After the assassination of Rajiv Gandhi and the 1991 elections , in which the Congress party could probably benefit from a certain sympathy bonus, Rao was commissioned to form a government, which he then headed for five years.

At the beginning of the Rao government , India faced a severe shortage of currency reserves and a stagnating economy. Rao took the opportunity to implement long-term economic reforms. He was assisted in this by his very capable Finance Minister and later Prime Minister Manmohan Singh . These reforms resulted in economic growth that reached between 5 and 8 percent annually and lasted for almost a decade.

Foreign investors, previously highly suspicious of India, have been encouraged to invest in foreign currency in India. Towards the end, however, corruption affairs rocked his government. As the first head of government in India, he was convicted of bribery in a criminal case and was overthrown in 1996.

In 2004, Narasimha Rao died of a heart attack at the age of 83 .

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