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Pamulaparthi Venkata Narasimha Raoa(28 June 1921 – 23 December 2004), who was commonly known as P. V. Narasimha Rao, served as the 10th Prime Minister of the Republic of India. He led one of the most important administrations in India's modern history, overseeing a major economic transformation and several incidents affecting national security. Rao accelerated the dismantling of the license raj. Rao, also called the “Father of Indian Economic Reforms,” is best remembered for launching India's free market reforms that rescued the almost bankrupt nation from economic collapse. He was also commonly referred to as the Chanakya of modern India for his ability to steer tough economic and political legislation through the parliament at a time when he headed a minority government. Rao's later life was marked by political isolation due to his association with corruption charges. Rao was acquitted on all charges prior to his death in 2004 of a heart attack in New Delhi. He was cremated in Hyderabad. This book contains the fundamental and basic information of the subject and useful for teachers, students and researchers.