INDIA’S WORLD: How prime ministers shaped foreign policy

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When Narasimha Rao became the prime Minister in 1991, just a billion dollars separated India from bankruptcy. He was told by finance minister Manmohan Singh, that Petrol pumps would run dry after two weeks. India was forced to ship 46.8 million tonnes of gold to secure dollar 400 million in loans from the Bank of England and Bank of Japan. This blow to the National pride may not have been comparable to the military humiliation of 1962, but it was bad enough. Carved in riveting prose, India’s wor