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Rao is known for introducing various liberal reforms to India’s economy. Referred to as LPG reforms, what does ‘LPG’ mean?
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His ascendancy to the Prime Ministership was politically significant because of which reason?
Answer : He was the first Prime Minister from South India (United State of Andhra Pradesh)
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Rao was personally responsible for the dismantling of the system which came under the purview of the Ministry of Commerce and Industry. Under this system, businesses in India were required to obtain licenses from the government in order to operate, and these licenses were often difficult to obtain. What was this system called?
