• Rajasthan

    Cong 99
    BJP 73
    RLM 3
    OTH 24
  • Madhya Pradesh

    Cong 112
    BJP 108
    BSP 2
    OTH 5
  • Chhattisgarh

    Cong 67
    BJP 15
    JCC 7
    OTH 0
  • Telangana

    TRS-AIMIM 95
    TDP-Cong 21
    BJP 1
    OTH 2
  • Mizoram

    MNF 26
    Cong 5
    BJP 1
    OTH 8

* Total Tally Reflects Leads + Wins

Rajiv Gandhi would’ve pursued same reforms as P V Narsimha Rao: P Chidambaram

By: | Published: September 27, 2016 10:14 PM

Had Rajiv Gandhi not been assassinated in 1991, he would have pursued more or less the same set of economic reforms as was carried out by late Prime Minister P V Narsimha Rao, as there was an urge for change, former Finance Minister P Chidambaram said today.

GST Bill, chidambaram GSt, chidambaram GST debate, GST bill today, gst bill today news, gst bill in rajya sabhaChidambaram, who was Commerce Minister at that time, said although Narsimha Rao is regarded as the hero of the 1991 reform, he failed the Congress party.. (Reuters)

Had Rajiv Gandhi not been assassinated in 1991, he would have pursued more or less the same set of economic reforms as was carried out by late Prime Minister P V Narsimha Rao, as there was an urge for change, former Finance Minister P Chidambaram said today.

“I am absolutely convinced that if Mr Rajiv Gandhi has not been assassinated, Mr Gandhi would have done more or less same thing with more or less with same team…There was clear urge for change,” he said.

He was speaking at a book launch of Sanjaya Baru’s ‘1991 How P V Narsimha Rao Made History’.

Chidambaram, who was Commerce Minister at that time, said although Narsimha Rao is regarded as the hero of the 1991 reform, he failed the Congress party.

“Hero of 1991 economic reform was Narsimha Rao, but in 1992, he failed the Congress Party. If you will write a book about Narsimha Rao performance in 1992, that book will be very very different book…That’s is tragedy of Narsimha Rao,” Chidambaram said.

Narsimha Rao has made some “terrible mistakes”, he said, indirectly hinting at the Babri Masjid demolition in 1992 which the then government failed to prevent.

In 1991, with Manmohan Singh as the Finance Minister, India opened its economy, unleashing a host of reforms.

Speaking at the occasion, senior BJP leader Yashwant Sinha, who was Finance Minister in Chandra Shekhar government, said that seeds of 1991 economic crisis were laid much earlier.

Noting that Chandra Shekhar government tried to be self-reliant by imposing new levies and mortgaging gold, Sinha said, “it (mortgaging of gold) chased throughout my electoral career. May be this is a reason, I did not decide to contest 2014 Lok Sabha election.”

He further said, “late Prime Minister Chandra Shekhar’s biggest failure was his success. That was reason, Chandra Shekhar’s government was toppled by Congress Party.”

Stressing that every government in India has supported economic reform, Sinha said even today there is no political consensus on economic reform in India.

“The path of economic reform in India has not been easy. I wish good luck to those who are in-charge of government now,” he said.

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