Mukherjee was sidelined from the Congress during the premiership of Rajiv Gandhi, Indira's son. Mukherjee had viewed himself, and not the inexperienced Rajiv, as the rightful successor to Indira following her assassination in 1984. Mukherjee lost out in the ensuing power struggle. He formed his own party, the Rashtriya Samajwadi Congress, which merged with the Congress in 1989 after reaching a consensus with Rajiv Gandhi. Mukherjee's political career revived when Prime Minister P. V. Narasimha Rao appointed him Planning Commission head in 1991 and foreign minister in 1995. Following this, as elder statesman of the Congress, Mukherjee was the principal and architect of Sonia Gandhi's ascension to the party's presidency in 1998.
When the Congress-led United Progressive Alliance (UPA) came into power in 2004, Mukherjee won a Lok Sabha (the popularly elected lower house of Parliament) seat for the first time. From then until his resignation in 2012, Mukherjee was practically number-two in Prime Minister Manmohan Singh's government. He held a number of key cabinet portfolios—Defence (2004–06), External Affairs (2006–09) and Finance (2009–12)—apart from heading several Groups of Ministers (GoMs) and being Leader of the House in the Lok Sabha. After securing the UPA's nomination for the country's presidency, in July 2012 Mukherjee comfortably defeated P. A. Sangma in the race to Rashtrapati Bhavan, winning 70 percent of the electoral-college vote.
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