We remember the man who liberalized India, but we rarely remember the man who did the liberalizing. It was June 1991. India was bankrupt. Literally. The country had just 15 days worth of foreign exchange reserves left. The treasury was so empty that the government had to pawn its gold reserves to stay afloat. The Soviet Union, our largest trading partner, was collapsing. Chaos reigned.
Enter Dr. Manmohan Singh.
But history must record this:
Into this inferno stepped a 70-year-old mild-mannered Congress leader from Telangana. Rao was not a firebrand. He was a scholar who spoke 17 languages, translated the Mahabharata into Telugu, and read Sanskrit poetry for fun. sthanam narasimha rao
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