Not to be confused with Chandra Shekhar (Uttarakhand politician).
Chandra Shekhar
8th Prime Minister of India
In office 10 November 1990 – 21 June 1991
President
R. Venkataraman
Deputy
Devi Lal
Preceded by
V. P. Singh
Succeeded by
P. V. Narasimha Rao
President of the Janata Party
In office 1977 (1977)–1988 (1988)
Preceded by
Position established
Succeeded by
Ajit Singh
Member of Parliament, Lok Sabha
In office 1989 (1989)–2007 (2007)
Preceded by
Jagannath Chowdhary
Succeeded by
Neeraj Shekhar
Constituency
Ballia
In office 1977 (1977)–1984 (1984)
Preceded by
Chandrika Prasad
Succeeded by
Jagannath Chowdhary
Constituency
Ballia
Member of Parliament, Rajya Sabha
In office 1962 (1962)–1977 (1977)
Personal details
Born
(1927-04-17)17 April 1927 Ibrahimpatti, United Provinces, British India (present-day Uttar Pradesh, India)
Died
8 July 2007(2007-07-08) (aged 80) New Delhi, India
Monuments
Jannayak Sthal
Political party
Samajwadi Janata Party (Rashtriya) (1990 – 2007)
Other political affiliations
Congress Socialist Party (Before 1964)
Indian National Congress (1964 – 1975)
Independent (1975 – 1977)
Janata Party (1977 – 1988)
Janata Dal (1988 – 1990)
Spouse
Duja Devi
Children
2 sons (including Neeraj Shekhar)
Alma mater
Allahabad University
Signature
Chandra Shekhar (17 April 1927 – 8 July 2007), known as Jananayak, was an Indian politician who served as the 8th Prime Minister of India, between 10 November 1990 and 21 June 1991. He headed a minority government of a breakaway faction of the Janata Dal with outside support from the Indian National Congress.[1] He was the first Indian Prime Minister who had never held any prior government office.[2]
His government was formed with the fewest party MPs in the Lok Sabha.[3][4] His government could not pass the budget[5] at a crucial time when Moody had downgraded India, and it further went down after the budget was not passed, and global credit-rating agencies further downgraded India from investment grade, making it impossible to even get short-term loans, and in no position to give any commitment to reform, the World Bank and IMF stopped their assistance. Shekhar had to authorise mortgaging of gold to avoid default of payment, and this action came in for particular criticism, as it was done secretly in the midst of the election.[6][7][8] The 1991 Indian economic crisis and the assassination of Rajiv Gandhi plunged his government into crisis. But according to Subramanian Swamy, finance minister Yashwant Sinha mortgaged gold reserves without informing the Commerce Ministry (which was headed by Swamy).[9] But granting the permission for US military planes to refuel in Indian airports during the Gulf War improved the Prime Minister's image with the West.[9][10]
^"Rival of Singh Becomes India Premier". Sanjoy Hazarika. The New York Times. 10 November 1990. Retrieved 20 December 2018.
^"Socialist Is Installed as India's Eleventh Prime Minister". Sanjoy Hazarika. The New York Times. 11 November 1990. Retrieved 20 December 2018.
^"Chandra Shekhar exploits fears, weaknesses of Congress(I) and Janata Dal(S)". Inderjit Badhwar,.Prabhu Chawla. India Today. 15 December 1990. Retrieved 20 December 2018.
^The Interim Man. The Economist. 1990. p. 42.
^"1991, the untold story". Yashwant Sinha. The Hindu. 29 July 2016. Retrieved 21 December 2018.
^"How the economy found its feet". Deepak Nayar. The Hindu. 18 October 2016. Retrieved 21 December 2018.
^"In fact: How govts pledged gold to pull economy back from the brink". Shaji Vikraman. The Indian Express. 5 April 2017. Retrieved 21 December 2018.
^Stuart Corbridge; John Harriss (28 May 2013). Reinventing India: Liberalization, Hindu Nationalism and Popular Democracy. Wiley. pp. 144–. ISBN 978-0-7456-6604-4. Retrieved 20 December 2018.
^ ab"Welcome to www.Janata Party.org". 16 December 2008. Archived from the original on 16 December 2008. Retrieved 24 December 2021.
^Crossette, Barbara; Times, Special To the New York (13 November 1990). "Man in The News; India's Freewheeling Leader: Chandra Shekhar". The New York Times. ISSN 0362-4331. Retrieved 26 December 2021.
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