Manmohanomics in shreds, PM invokes Rao first time on I-day

With the current slide in the economy prompting questions on his legacy as the architect of economic reforms in India, Manmohan Singh, in his tenth and possibly the last Independence Day speech as Prime Minister, today invoked the late P V Narasimha Rao to explain the political push that was needed for reforms he kickstarted as Finance Minister in the Rao Cabinet.

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