Sthanam Narasimha Rao ((hot)) -

But history must record this:

But whispers can move mountains.

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. sthanam narasimha rao