Prime Minister of India the dissolution of the Soviet Union, India was on the brink of bankruptcy, so, Rao took steps to liberalise the economy, and appointed Manmohan Singh—an economist and a former governor of the Reserve Bank of India—as finance minister. Rao and Singh then took various steps to liberalise the economy, these resulted in an unprecedented economic growth in India. His premiership, however, was also a witness to the demolition of the Babri Masjid, which resulted in the death of about 2,000 people. Rao, however, did complete five continuous years in office, becoming the first prime minister outside of the Nehru—Gandhi family
Prime Minister of India That same year "The Economist" reported that, on a purchasing power parity basis, the prime minister received an equivalent of $4106 per year. As a percentage of the country's per-capita GDP (gross domestic product), this is the lowest of all countries "The Economist" surveyed. The 7, Lok Kalyan Marg—previously called the 7, Race Course Road—in New Delhi, serves as the official place of residence for the Prime Minister of India. For ground travel, the prime minister uses a highly modified, armoured version of a Range Rover, while for air travel, Boeing 777-300ERs—designated by the call sign Air India One (AI-1