the assassination of former Con- gress (I) Party Prime Minister Rajiv Gandhi in the midst of the nation's parliamentary elections. Yet Rao's government has acted with stunning boldness to deal with India's accumulated economic woes.
"[Tlhe pace of reforms has been breath- taking," the Economist (Mar. 7-13, 1992) reports. "The Rao government has slashed red tape, liberalized trade, made exports attractive through devaluation, wooed for- eign investment, loosened interest rates and...