Beloved son of Telugu states- P. V. Narasimha Rao

 Credits: Indiatoday.in

P.V. NarasimhaRao –Education, & Career Biography

Pamulaparti Venkata Narasimha Rao(P V NarasimhaRao)P V was born on the 28th of June, 1921 in the erstwhile Andhra Pradesh (now Telangana) and was an Indian lawyer and a politician. P V in his political tenure as a member of the Indian National Congress (INC) ascended as the ninth Prime Minister of the Nation. For a tenure of six years from 1991 to 1996. 

The stepping of P V as the Prime Minister was marked a milestone and was significant in its own right in the history of Indian politics as it was for the first time that a candidate from the non-Hindi speaking region form the Southern quadrant of the country was elected the Prime Minister. India under the leadership of P V saw tremendous changes mostly in the areas of Economical and National Security and is very often called the ‘Father of Economic Reforms’ in the Indian context.

Credits: Indian National Congress

 P V along with Dr. Manmohan Singh was responsible for guiding India into the new age of globalization by liberalization in the Indian Economy. This enabled India to thrust its economic progress and was one of the pivotal decisions that shaped India into a global economic superpower that it is today. 

P V in his tenure as the Prime Minister exhibited the characteristics of a humble grounded leader that won him the respect and affection of the country.

Overview of the educational life of P V’s primary schooling in the Karimnagar District under the stewardship of his relative G Radhakishan Rao. 

He soon went on to enroll himself in a Bachelor’s Degree in Humanities at the Osmania University in the city of Hyderabad. After completing his graduation, P V further pursued higher studies where he completed his Master’s Degree in Law from Hislop College (present Affiliated to Nagpur University). 

P V is known to have phenomenal linguistic skills. His multilingual abilities were beyond match where he mastered ten Indian languages with and additional six foreign tongues. Apart from Telegu, which was his mother tongue, P V spoke Marathi, Urdu, Sanskrit, Bengali, Hindi, Gujarati, Oriya, Tamil, and Kannada. To further add to his linguistic prowess, P V was also comfortable with Persian, Spanish, German, French, English, and Arabic. 

P V was engaged in the freedom struggle for India’s Independence long before he became a mainstream member of the INC. Needless to say, his impeccable command over the languages made him a very effective orator where he could communicate effortlessly to the regional population making him an extremely successful front runner of the local masses.

The political journey of P V:

P V’s political journey began at a relatively nascent stage before he had the membership of a major national party. From as early as the 1930s, P V along with other freedom fighters regularly protested against the Colonial Government and their Administration. He was one of the prominent members of the Vande Mataram Movement that the state of Hyderabad Movement saw in the 1930s. 

His frequency in the miscellaneous political mobilizations related to the freedom movement frequently got him arrested. P V officially became affiliated to the Indian National Congress. Soon after, he took the responsibilities of the Chief Minister of the erstwhile Andhra Pradesh from 1971 to 1973. 

Role & Contribution of P V as Prime Minister:

 The influences of P V as the Prime Minister are immense. However, he is most well recognized for the economic reforms under his tenure. He along with the appointed minister of Finance as Dr. Manmohan Singh  played an instrumental role in liberalizing the country’s economy. The changing global economic forces along with the earlier model of the country’s economy led to a tremendous strain on the Indian economy and a calamity-like scenario that was to come if no action was taken.

 The Rao-Singh duo was quick to foresee the impending catastrophe and to prevent such a predicament formulated the New Economic Policy of 1991 that involved encouraging Foreign Direct Investments, deregulating local businesses, reforming capital markets and transforming the then-existing trade regime of the country.

 Apart from the privatization efforts of the public sector, the aim was also to bring down the fiscal deficit of the country. These economic policies saved the country from slipping into international debt and subsequently helped India to gradually transform into a global economic superpower. Some of the important economic strategies executed by P V’s Government under the expertise of Dr. Manmohan Singh are as follows:

•Introducing theSecurities And Exchange Board Act 1992(SEBI)Act of 1992 and the Security Laws (Amendment) which gave SEBI the legal authority to register and regulate all security market intermediaries.

•Abolishing the Controller of Capital Issues in the year 1992 which decided the prices and number of shares that firms could issue.

•Opening up of India's equity markets to investment by foreign institutional investors in the year 1992 and permitting Indian firms to raise capital on international markets by issuing Global Depository Receipts (GDRs).

•Starting of the National Stock Exchange as a computer-based trading system in the year 1994 which served as an instrument to leverage reforms of India's other stock exchanges. The NSE emerged as India's largest exchange by 1996

.•Reducing tariffs from an average of 85 percent to 25 percent, and rolling back quantitative controls where the rupee was made convertible on trade account.

•Encouraging foreign direct investment by increasing the maximum limit on the share of foreign capital in joint ventures from 40 to 51% with 100% foreign equity permitted in priority sectors.

•Streamlining procedures for FDI approvals, and in at least 35 industries, automatically approving projects within the limits for foreign participation. 

P.V  died after suffering from a heart attack on the 9th of December,2004. He was admitted to the All India Institute of Medical Sciences(AIIMS)where he passed away fourteen days after the heart attack at the age of eighty-three. His funeral took place in the Jubilee Hall in Hyderabad where his last rites were observed by his family members and other dignitaries.

 Literally, then Central Government didn’t allow his family members to take P V’s funeral in NCT –Delhi, but all Prime Ministers’ funeral (irrespective of the political party, were done in NCT –Delhi) They were forced to funeral him in Hyderabad itself. The Telangana Government declared his birthday to rejoice as a State function in the year 2014.

 A memorial of P.V has been erected at the Ekta Sthal in Delhi. The tablet on his memorial reads, “Known as the scholar Prime Minister of India, Shri P.V was a Reformer, Educationist, Scholar, Conversant in 15 languages and known for his intellectual contribution. He was called as ‘Brihaspati’ (Wiseman) of Andhra Pradesh.”The eleventh president of India Late Dr. APJ Abdul Kalam depicted

P. V. Narasimha Rao as a "patriotic statesman who believed that the nation is bigger than the political system".

I Undertake the privilege to write about Father of Reforming, in the Nation; 

Shri. P V Narasimha Rao Garu.

Penned by: G Yeshwanth from Chintal.

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