C. Rangarajan facts for kids
Quick facts for kids
C. Rangarajan
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| Chairman of the Prime Minister's Economic Advisory Council | |
| In office August 2009 – 16 May 2014 |
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| Succeeded by | Bibek Debroy |
| In office 2005 – 2008 |
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| Preceded by | Suresh D. Tendulkar |
| Member of Rajya Sabha | |
| In office August 2008 – August 2009 |
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| Chairman of the Twelfth Finance Commission of India | |
| In office 2003–2004 |
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| Preceded by | A. M. Khusro |
| Succeeded by | Vijay Kelkar |
| 16th Governor of Andhra Pradesh | |
| In office 24 November 1997 – 3 January 2003 |
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| Preceded by | Krishan Kant |
| Succeeded by | Surjit Singh Barnala |
| 19th Governor of Reserve Bank of India | |
| In office 22 December 1992 – 21 November 1997 |
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| Preceded by | S. Venkitaramanan |
| Succeeded by | Bimal Jalan |
| Member of Planning Commission of Government of India | |
| In office 21 August 1991 – 21 December 1992 |
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| Deputy Governor of Reserve Bank of India | |
| In office 12 February 1982 – 20 August 1991 |
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| 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 |
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Chakravarthi Rangarajan (born in 1932) is a very important Indian economist. An economist is someone who studies how money, goods, and services are made and used. He has held many big jobs in India's government and financial system.
He was the 19th governor of the Reserve Bank of India. This bank is like India's central bank. It manages the country's money and banking. He also led the Prime Minister's Economic Advisory Council. This group gives advice to the Prime Minister on how to improve the economy. He has also been a Member of Parliament.
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Early Life and Education
Chakravarthi Rangarajan was born in 1932. He grew up in Vaduvur, a small village near Thanjavur. He studied at National College in Tiruchirappalli from 1947 to 1949.
Later, he went to Loyola College at the University of Madras. He earned a degree in commerce there. He then traveled to the United States to continue his studies. In 1964, he received his PhD in economics from the University of Pennsylvania.
A Career in Economics and Public Service
Dr. Rangarajan has had a long and impressive career. He taught economics at several universities. These included the University of Pennsylvania and the Indian Institute of Management, Ahmedabad (IIM-A). He was a very popular teacher at IIM-A. Students used his textbook on macroeconomics, which is the study of how a country's economy works. In 1997, IIM-A gave him the special title of Honorary Fellow.
Key Roles in India's Government
Dr. Rangarajan held many important positions in the Indian government:
- Deputy Governor of the Reserve Bank of India: From 1982 to 1991, he helped manage India's central bank.
- Governor of the Reserve Bank of India: From 1992 to 1997, he was the head of the Reserve Bank of India. This is a very powerful role in managing India's money.
- Governor of Andhra Pradesh: From 1997 to 2003, he served as the governor of the state of Andhra Pradesh. During this time, he also temporarily served as governor for the states of Odisha (1998-1999) and Tamil Nadu (2001-2002).
- Chairman of the Twelfth Finance Commission: After being a governor, he led a special group called the Finance Commission. This group helps decide how money is shared between the central government and the states.
- Chairman of the Prime Minister's Economic Advisory Council: He led this important council twice. First, from 2005 to 2008. Then, after a short time as a Member of Parliament in the Rajya Sabha (India's upper house of Parliament), he returned to lead the council from 2009 to 2014. He stepped down when the government changed.
Awards and Recent Work
In 2002, the Government of India honored him with the Padma Vibhushan. This is India's second-highest civilian award. It is given for exceptional and distinguished service.
Since 2014, Dr. Rangarajan has been the chairman of the Madras School of Economics. He continues to write and share his ideas about the economy. In 2020, he led a committee for the Tamil Nadu government. This committee advised the government on how to help the economy recover after the COVID-19 lockdown.
