To The Brink And Back: India’s 1991 Story - Plot & Excerpts
The finance minister himself gently nudged P.N. Dhar (or PND, as he was often called) to take the lead, assemble the influential quartet, and, as a united force, support bold liberalization. Manmohan Singh had worked with PND in the 1970s when the latter was secretary to Indira Gandhi and Singh was chief economic adviser in the Ministry of Finance.44 Apart from PND, the other three names suggested themselves. I.G. Patel had held senior positions in the Government of India and had, as we know, been governor of the RBI between 1977 and 1982 and later served as the director of the London School of Economics. M. Narasimham, a grandson of S. Radhakrishnan, had a distinguished career in the RBI, the World Bank, the IMF, the ADB and the Ministry of Finance. R.N. Malhotra was an IAS officer who had specialized in economic management and had been at the helm of affairs in the RBI between 1985 and 1990. The four were very close professionally and personally, not only amongst themselves but also with the finance minister.
What do You think about To The Brink And Back: India’s 1991 Story?
