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C. Rangarajan | |
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| Chairman of the Prime Minister'sEconomic Advisory Council | |
| In office August 2009 – 16 May 2014 | |
| Succeeded by | Bibek Debroy |
| In office 2005 – 2008 | |
| Preceded by | Suresh Tendulkar |
| Member of Rajya Sabha | |
| In office August 2008 – August 2009 | |
| Chairman of theTwelfth Finance Commission of India | |
| In office 2003–2004 | |
| Preceded by | A. M. Khusro |
| Succeeded by | Vijay Kelkar |
| 16thGovernor of Andhra Pradesh | |
| In office 24 November 1997 – 3 January 2003 | |
| Preceded by | Krishan Kant |
| Succeeded by | Surjit Singh Barnala |
| 19thGovernor of Reserve Bank of India | |
| In office 22 December 1992 – 21 November 1997 | |
| Preceded by | S. Venkitaramanan |
| Succeeded by | Bimal Jalan |
| Member ofPlanning Commission ofGovernment of India | |
| In office 21 August 1991 – 21 December 1992 | |
| Deputy Governor ofReserve Bank of India | |
| In office 12 February 1982 – 20 August 1991 | |
| Governor | Manmohan Singh Amitav Ghosh (banker) R.N. Malhotra S. Venkitaramanan |
| Personal details | |
| Political party | Independent |
| Alma mater | National College, Trichy University of Madras (B.A.) University of Pennsylvania (Ph.D.) |
| Profession | Economist Civil servant |
| Signature |  |
Chakravarthi Rangarajan (born 1932) is an Indian economist, a former Member of Parliament and 19th governor of theReserve Bank of India. He is the former chairman of the Prime Minister'sEconomic Advisory Council; he resigned the day theUPA lost power. He is also the Chairman of theMadras School of Economics; former president of theIndian Statistical Institute; the founding chairman of theCR Rao Advanced Institute of Mathematics, Statistics and Computer Science; former chancellor of theUniversity of Hyderabad; and a professor inAhmedabad University.[1]
Rangarajan, a student of National College (Tiruchirappalli) between 1947 and 1949, graduated fromLoyola College of theUniversity of Madras in the commerce stream (where he was a contemporary of theYale University economics professorT N Srinivasan). He later received his PhD in economics from theUniversity of Pennsylvania in 1964. His thesis was titled "Variability of Demand Deposits.[2] He is a native of Vaduvur a tiny village near Thanjavur
Rangarajan taught at several institutions including theUniversity of Pennsylvania and theIndian Institute of Management, Ahmedabad (IIM-A). He was a well known teacher of economics at IIMA for the postgraduate and the doctoral courses. His textbook on macro economics was used in business management schools.[3]He was awarded the title of Honorary Fellow of IIM-A in 1997.[citation needed]
He served as a deputy governor of the Reserve Bank of India from 1982 to 1991, after which he served as the governor of theReserve Bank of India between 22 December 1992 and 21 December 1997.[citation needed]
He served as thegovernor of Andhra Pradesh from 24 November 1997 to 3 January 2003. After demitting that office, he took charge as the chairman of the Twelfth Finance Commission.[citation needed] While serving as the governor of Andhra Pradesh, he received additional charges as governor ofOdisha from 1998 to 1999, and as governor ofTamil Nadu from 2001 to 2002.[4][5]
In 2002, theGovernment of India awarded him thePadma Vibhushan, India's second highest civilian award.[6] Academy of Grassroots Studies and Research of India (AGRASRI), Tirupati, awarded him the Rajiv Gandhi Outstanding Leadership National Award for the year 2008 on 20 August, 2008 at Tirupati. He delivered the 7th Rajiv Gandhi Memorial Lecture on 20 August, 2008 at Tirupati.
From 2005 to 2008, he was the chairman of thePrime Minister's Economic Advisory Council. In August 2008, he resigned as chairman of the council and was nominated as a member of the Rajya Sabha.[7] He resigned from the Rajya Sabha in August 2009 and was re-appointed chairman of the Prime Minister's Economic Advisory Council. He resigned from the Council on 19 May 2014, when the UPA government was voted out of power. Since then, he has been the chairman of theMadras School of Economics and has been writing and publishing on issues pertaining to the economy.[citation needed]
In May 2020, the Tamil Nadu government formed a high-level committee, chaired by Rangarajan, to advise the government on the medium-term response after the COVID-19 lockdown period. The committee submitted its report in September 2020, recommending an urban jobs guarantee program, similar to the state's rural one, and expressing optimism about the economy's ability to rebound in two months' time.[8]
| Preceded by | C Rangarajan Governor of Andhra Pradesh 24 November 1997 – 3 January 2003 | Succeeded by |
| Preceded by K.V. Raghunatha Reddy | Governor of Odisha Apr 1998– Nov 1999 | Succeeded by |
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