Narasimha Rao Tenure Beneficial Economic Growth

Narasimha Rao Tenure Beneficial Economic Growth

The economic reforms initiated by Narasimha Rao government were different from those of earlier governments, Manmohan Singh as Finance Minister, India moved into an era of globalization and economic liberalization earlier government had believed in controlling the market which had resulted in a slow growth, new improvements in the economic condition and today India is one of the fastest growing economies in the world with a average yearly growth rate of around six to seven percent, foreign direct investment as encouraged by increasing the maximum limit on share of foreign catalyzed Indias economic growth, it proved to be good turning point for the economy, government increased military spending and placed importance on nuclear security and the ballistic missiles programmer.

National Security and Foreign Relationships:

He took a touch stand against infact, punjab was put to an end during his tenure, he improved diplomatic relations with western europe the USA, CHINA, ISRAEL, and Iran, Rao was not at all a novice as far was convened he had worked as foreign affairs minister under both Indira and Rajiv Gandhi when he became the PM, Rao brought India closer to Asian or association of southeast asian nations and initiated look east where india balanced its traditional orientation towards Europe and America with the closer ties with the rising nations of southeast asia, Rao could speak fluently in more than a dozen languages and was deeply interested in Indian literature, he translated the great Telugu literary work, Kavi Samraat into Hindi and Hari Narayan, his knowledge of Sanskrit was profound and the was a very prolific reader and speaker of Marathi, later on his experience in politics formed the plot of the insider a book he published after his retirement.

Atal Bihari Vajpayee Tenure as PM:

When the Janta Government collapsed Bihari, restarted the Jana Sangh as the BJP in 1980, he briefly held the post of PM in 1996, when the BJP took the most number of seats in parliament, since no party held a majority the BJP was given the first shot of establish a new government in order to gain power the BJP would have to form a coalition with other parties, his government was brought down in just thirteen days early in 1998, India held elections once again no party emerged wit a clear majority but the BJP a coalition government and once again, this time after taking the oath, he won a vote of confidence from parliament and maintained his position in May 1998 nuclear test order by Vajpayee stunned the world.

In 2000 his government began an extensive program of divestment of public funds from several kay state run industries under his leadership India achieved steady economic growth, and became a world leader in information technology in 2004, his coalition was defeated in parliamentary elections and he resign from office, multi faceted political personality was born on december, during his student days he joined the quit India movement of 1942, as student he developed a keen interest in foreign affairs for a while, studied law but later he chose to become a journalist, his journalist career was cut short in 1951 when he joined BJP, as a founder served as party president for the first five years, laying the foundation for the partys awesome growth, it has the distinction of being elected to the Lok Sabha nine times and to the Sabha twice, he is the only parliamentarian to have been elected from four different states at different times, he participated in Indias struggle for freedom in 1942 his political journey began when he was jailed during the quit India movement in 1951 he joined the newly formed BJP, he won his first election to the Lok Sabha from Ballarpur, later he became the national president of the Jana Sangh in 1968 under his relationship the party rose to national prominence.

Jana Sangh became a part of the Janata Party which went on to win the general elections held that year, he became the Minister of external affairs in PM Morarji Desai cabinet however along with many other leaders he broke away in 1980 to from the BJP was the first president of the BJP and later he went on to become the PM of India, Vajpayee remains the fist genuine leader of the opposition and the first truly non congress PM his government ushered in the stabilization of the new economy, enhanced national self respect through the tests, his government ensured good quality of life and gave top priority to technological advancement sectors like telecommunications, civil aviation banking insurance public sector enterprise foreign trade and investment direct and indirect taxes agricultural produce marketing small scale industries reservation urban land ceilings highways rural roads, elementary education ports electricity petroleum prices and interest rates were all subject to far reaching reforms.

Atal Bihari Vajpayee an Iconic figure in India:

The first nuclear test was conducted by India during Indira Gandhi tenure as PM, soon after the government led by Vajpayee came to power of India, conducted its second nuclear test, it was called Pokhran and consisted of five underground nuclear in the desert of Rajasthan, many nations condemned the tests and stopped cooperating with India, stood strong, though there was a decline in foreign investment Indian economy was steady enough to weather the crisis, the nuclear tests proved to be a not only to the program itself, but to Indias pride as well.

It took several steps to improve relations with Pakistan the first was the historic inauguration of the delhi-lahore bus service, in its inaugural run the VIP passengers include the Indian PM himself he went to attend a summit in Lahore and was received by his Pakistani counterpart, Lahore summit marked a milestone in indo Pak relations, it also eased the tension created by the nuclear tests that both countries had earlier carried out not only within the two nations, but also in south asia, even after the Kargil war, Vajpayee continued to extend the hand of friendship to Pakistan, he invited Pakistan President Pervez Musharaf to Delhi and agra, unfortunately this summit did not enjoy the success of the earlier one, the kargil conflict marked a very crucial point to Indias history, it took place between May and July 1999 in the Kargil distinct of Kashmir, when militants and Pakistani soldiers infiltrated into the Kashmir valley, it supported by the Indian air force, his positions and with international diplomatic support eventually forced a Pakastani withdrawal across the line of control, the conflict led to heightened tensions between the two nations, In Pakistan the aftermath caused instability to the government and the economy, in India howeever the victory at Kargil greatly enhanced reputation as a strong leader, economic reforms demonstrated his commitment to make India strong and self reliant he was pro business and promoted competitiveness extra funding and support for the information technology sector and high tech industries, importance was give to improvements in infrastucture and deregulation of trade, and this in turn increased foreign capital investment and resulted in an economic expansion the economy was also helped along by good harvests, projects were the national highway development project and the Pradhan Mantri gram Sadak, what critics said these reforms yielded handsome results, in the last fiscal year of shifted to above eight percent and remained there for almost a decade.

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