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Dr. C. Rangarajan

C. Rangarajan
Chairman of the Prime Minister's Economic Advisory Council
Assumed office
August 2009-May 2014
Member, Rajya Sabha
In office
August 2008 – August 2009
chairman of the Prime Minister's Economic Advisory Council
In office
2005–2008
Succeeded by Prof. Suresh D. Tendulkar
Chairman of the Twelfth Finance Commission of India
In office
2003–2004
Governor of Andhra Pradesh
In office
24 November 1997 – 3 January 2003
Preceded by Krishan Kant
Succeeded by Surjit Singh Barnala
Governor of Reserve Bank of India
In office
22 December 1992 – November 1997
Preceded by S. Venkitaramanan
Succeeded by Dr. Bimal Jalan
Member of Planning Commission of Government of India
In office
21 August 1991 – 21 December 1992
Deputy Governor of Reserve Bank of India
In office
12 February 1982 – 20 August 1991
Personal details
Nationality Indian
Political party Independent
Alma mater University of Madras
University of Pennsylvania
Profession Economist
civil servant

C. Rangarajan or Chakravarthi Rangarajan (born 1932) is an Indian economist and a distinguished former Member of Parliament and Ex-Governor of the Reserve Bank of India. He is the former Chairman of the Prime Minister's Economic Advisory Council, he resigned the day the UPA lost power. He is also the Chairman of the Madras School of Economics; President of the Indian Statistical Institute; the Founding Chairman of the CR Rao Advanced Institute of Mathematics, Statistics and Computer Science; and Chancellor of the University of Hyderabad.

Rangarajan, a student of National College (Tiruchirappalli) between 1947 and 1949, graduated from Loyola College of the University of Madras in the commerce stream (where he was a contemporary of the Yale University economics professor T N Srinivasan). He later received his PhD in economics from the University of Pennsylvania in 1964. His thesis was titled "Variability of Demand Deposits".

Rangarajan taught at several institutions including the University of Pennsylvania and the 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. He was awarded the title of Honorary Fellow of IIM-A in 1997.

In 2002, the Government of India awarded him the Padma Vibhushan, India's second highest civilian award.

He served as a Deputy Governor of the Reserve Bank of India from 1982 to 1991, after which he served as the Governor of the Reserve Bank of India between 22 December 1992 and 21 December 1997. He also served as the Governor 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.


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