Difference between Manmohan Singh and PV Narasimha Rao
An acclaimed scholar and thinker, Dr. Manmohan Singh became the fourteenth Prime Minister of India in 2004. Phil. in Economics and an ex-Finance Minister, Dr. Singh has also served as the Governor of the Reserve Bank, Advisor to the Prime Minister and a Chairman of the University Grants Commission. Heading a number of organizations, PV Narasimha Rao is also a well-recognized name. From being the Chief Minister to the General Secretary of All India Congress Committee to the Chairman of Public Accounts Committee to the Minister for External Affairs, Defense and Human Resource Development, Shri Rao had done it all.
Claim To Fame
Both Manmohan Singh and Narasimha Rao have had a tiresome and long-drawn journey to reach the point where they stand now. Lives full of achievements have brought them so far. In the India-EU Joint Statement in Brussels, Dr. Singh brought in recognition and importance to the matters relating to mutual benefits and tie-ups of both India and the EU. Issues related to Regionalism, Bilateralism and Global issues were all put forth. As a Minister for External Affairs, Narasimha Rao was seen to successfully bear his rich political and administrative experience in the field of foreign policy, especially with his scholarly background. The 3rd Conference of UNIDO in 1980 at New Delhi and the meet of Group of 77 at New York headed by Shri Rao, earned him great appreciation.
Foreign Policy And India’s Role In The Global Economy
In the G-20 summit at Seoul, Prime Minister Manmohan Singh expressed in details functions and activities of India, globally. He mentioned the initiation of reforms provided by Her to the World Bank, IMF, and the like. He even said that India needed to persevere and develop a mechanism in order to coordinate internationally for the G-20. The years 1982 and 1983 were eventful for India in due respect to Her foreign policy marked by the presence of Narasimha Rao. Shri Rao presided over the meetings of Non-aligned nations by various other foreign ministers with Smt. Indira Gandhi as the Chairperson. This was at a time when a shadow loomed during the Gulf War and India was asked to host the Seventh Summit. As the leader of the Special Non-Aligned Mission, Rao successfully resolved the Palestinian Liberation Organization issue.
Reforms
Narasimha Rao is best known for liberalizing the Indian Economy. Measures were taken by him to avert an international default in the year 1991. Trade reforms were made and ‘foreign direct investment’ was also regulated by him. During these reformist movements, Rao chose Manmohan Singh to carry on the league. The celebrated economist, according to him, was best for the position. India was freed from ‘License Raj’ by Singh. He introduced ‘Value Added Tax (VAT)’ and ‘Sales Tax’ in 2007-08.
Similarities and Differences
- Both have worked towards better foreign relations and have had varying degrees of success in changing India’s economy for the better.
- They also worked together on certain projects, especially during the liberalization in 1991.
