47th B.P.S.C. (Pre) 2005
Who is called the ‘Father of India’s Economic reforms’?
aJawaharlal Nehru
bIndira Gandhi
cDr. Manmohan Singh
dP.V. Narasimha Rao✓ Correct
Explanation
After the coalition government formed by the Congress along with other parties came to power in June 1991, the then Finance Minister Dr. Manmohan Singh began implementing economic reforms from July 1991, which came to be known as the “New Economic Policy”. At that time, P.V. Narasimha Rao was the Prime Minister. Therefore, the policy of liberalisation is also called the Rao–Manmohan model. P.V. Narasimha Rao is called the “Father of India’s economic reforms”, and Dr. Manmohan Singh is called the pioneer of economic reforms.
economic-social-development
