ISBN 9788129137807,To The Brink and Back : India s 1991 Story

To The Brink and Back : India s 1991 Story


Jairam Ramesh


Rupa & Co



Rupa & Co

Publication Year 2015

ISBN 9788129137807

ISBN-10 8129137801


Number of Pages 224 Pages
Language (English)
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 minister. In less than thirty-five days, the Rao-Singh duo ushered in momentous changes in economic policy those that transformed the country. To the Brink and Back is the first account of the weeks of fast-paced change, narrated by an insider a key aide of the prime minister, uniquely positioned both to participate and observe. It carries brisk accounts of the early days of survival; the compulsions and convictions that propelled a paradigm shift in India's economic policy; and the ups and downs, twists and turns in the saga of fiscal reform. Along astute insights, the book holds key documents and notes, placed for the first time in the public domain; the personal papers of Narasimha Rao; private conversations with Manmohan Singh; Parliament proceedings; and the minutes of seminal Congress meetings
Jairam Ramesh, a member of Parliament, has held key ministerial portfolios during 2006-2014 : rural development, drinking water and sanitation, environment and forests, commerce, and power. Besides this, in his capacity as an economist and policy expert, he has been the adviser to the prime minister and the finance minister. He has also served in the Planning Commission of India, Ministry of Industry, and the Advisory Board on Energy.