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.
Rest in peace, Rao. The nation has finally begun to realize what it lost. sthanam narasimha rao
If you are an Indian who enjoys:
He is the man who "opened" Israel without formally recognizing it (relations were established in 1992). He brought the "Look East" policy to life, pivoting India toward ASEAN nations, predicting the rise of China and the need for India to counterbalance it decades before it became fashionable. It was June 1991
But history must record this: