KS
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So you credit Rao with India's economic emergence, not Singh?
That does make sense. Since Singh by himself doesn't seem to be doing a great job, at least not without Rao there.
At that time in the 90s mentioning America and agreeing to IMF terms irrespective of the bankruptcy would make you look a traitor to the country. The congress party and the parliament was filled with socialist morons to whom America and IMF were anathema. He did an excellent job balancing them all and providing the much needed political cover and let Manmohan go about the recommendations of IMF with full freedom.
His stellar role in that crisis is deliberately missed out by the Congress because he became autonomous of the Gandhi family and took his own decisions (though they were good for the country).