<p>New Delhi: Prime Minister Narendra Modi on Saturday paid tributes to former prime minister P V Narasimha Rao on his birth anniversary, saying India is grateful to him for his "effective leadership" during a crucial phase of its development trajectory.</p>.<p>His intellect, wisdom and scholarly nature are also widely admired, PM Modi said on X.</p>.PM Modi likely to travel to Brazil to attend BRICS summit.<p>Rao's premiership during 1991-96 is considered the most defining period in the country's economic journey as, with India facing a serious balance of payment crisis, he unshackled the state control on economy and opened it to private players. This paved the way for a long era of growth better than what was seen in the past.</p>.<p>He was given the country's highest civilian honour, Bharat Ratna, posthumously by the Modi government last year. PTI KR MNK MNK</p>
<p>New Delhi: Prime Minister Narendra Modi on Saturday paid tributes to former prime minister P V Narasimha Rao on his birth anniversary, saying India is grateful to him for his "effective leadership" during a crucial phase of its development trajectory.</p>.<p>His intellect, wisdom and scholarly nature are also widely admired, PM Modi said on X.</p>.PM Modi likely to travel to Brazil to attend BRICS summit.<p>Rao's premiership during 1991-96 is considered the most defining period in the country's economic journey as, with India facing a serious balance of payment crisis, he unshackled the state control on economy and opened it to private players. This paved the way for a long era of growth better than what was seen in the past.</p>.<p>He was given the country's highest civilian honour, Bharat Ratna, posthumously by the Modi government last year. PTI KR MNK MNK</p>