Surely, it was not a mere happenstance that in January 1992 Prime Minister P.V. Nara­simha Rao chose to recommend J.R.D. Tata for the country’s highest national honour. JRD rem­ains the only business leader to be so honoured with the Bharat Ratna. Nara­simha Rao was making a point. Six months earlier, he had unleashed domestic private enterprise from the shackles of the infamous Licence-Permit-­Quota Raj. Tata was always a critic of India’s post-Independence economic policies, even though he enjoyed good personal relations with both Jawaharlal Nehru and Indira Gandhi, and may well have benefited in his business from those relationships. By 1992, he was a grand old 88 and the tallest business leader of Bombay. Till then, 27 emi­nent Indians had been named for the Bharat Ratna. Of these, two were scientists, one was an engineer, two were social activists and three were educationists and scholars. The rest were all political leaders.