Archive · 13 Nov 2025
Narasimha Rao chose Manmohan Singh as FM, sharing credit and blame
Imagine the country's money situation was very messy, like a room full of toys thrown everywhere.
The new leader, Prime Minister Rao, needed someone smart to fix it.
He chose a very capable person named Manmohan Singh to be his 'money manager' (Finance Minister).
The Prime Minister told Manmohan Singh, 'You do the hard work, and if it works out, we'll both be proud.
If it doesn't, it's okay, you'll take the blame, not me.'
This made Manmohan Singh feel free to make difficult, but necessary, changes.
Manmohan Singh was also good at talking to people and explaining why changes were needed, even if people didn't like them at first.
Later, when he became Prime Minister himself, he faced challenges like not having many people from his own party in power and needing support from other groups.
He also showed he could be clever in politics, like when he turned a challenge about a nuclear deal into a vote of confidence.
Even though he was very serious about economics, he believed the government should still help people who needed it.
He was also a man of great personal simplicity.
Narasimha Rao appointed Manmohan Singh as Finance Minister in 1991 to address the economic crisis.
Rao agreed to share credit for success and take the blame for failure with Singh.
Manmohan Singh was adept at persuading people to accept policy changes, evident in 1991 reforms and the Indo-US nuclear deal.
Singh led a minority government dependent on allies and Left support, facing political constraints.
Despite being a technocrat, Singh demonstrated political acumen, successfully navigating challenges like the nuclear deal.
- Who
- Prime Minister Narasimha Rao and Manmohan Singh
- What
- Narasimha Rao appointed Manmohan Singh as Finance Minister, agreeing to share credit for success and blame for failure, and Manmohan Singh's political and economic strategies as Finance Minister and Prime Minister were discussed.
- When
- 1991 and subsequent years
- Where
- New Delhi
- Why
- To pull the economy out of a deep crisis and implement policy changes.
- Prime Minister during reforms
- Narasimha Rao
- Finance Minister during reforms
- Manmohan Singh
- Key Policy Initiatives
- 1991 economic reforms, Indo-US nuclear deal
- Event
- Lecture on 'The Life and Legacy of Dr Manmohan Singh'
- Speaker
- Montek Singh Ahluwalia (ex-Deputy Chairman, Planning Commission)
- Political Context
- Congress had 145 seats, dependent on 73 ally seats and Left support