To the Brink and Back: India's 1991 Story
By Jairam Ramesh.
Description
BOOK EXCERPT: ...after a decision had been taken to devalue the Indian rupee, Manmohan Singh had written to Narasimha Rao. He was worried that his personal rupee balance, born out of modest dollar savings, would swell. He informed Rao that the 'windfall' gains would be deposited in the Prime Minister's Relief Fund. 1991 was India s Greece moment . It faced an unprecedented financial crisis against the backdrop of political uncertainty and crumbling investor confidence. On 21 June 1991, P.V. Narasimha Rao became prime minister and appointed Dr Manmohan Singh as finance minis...
ISBN(s)
8129137801, 9788129137807
