Dr. Chakravarthi Rangarajan (born 1932) is an economist and a distinguished former Governor of the Reserve Bank of India. Currently, he is the Chairman of the Prime Minister's Economic Advisory Council. He is also the Chairman of the
Madras School of EconomicsThe Madras School of Economics is an institution of higher education in economics, located in Chennai, India. Affiliated with Anna University, it offers master's and doctoral programs in economics and financial economics....
, Chennai.
He graduated from the University of Madras in the commerce stream (where he was a contemporary of the Yale University economics professor T N Srinivasan).
Dr. Chakravarthi Rangarajan (born 1932) is an economist and a distinguished former Governor of the Reserve Bank of India. Currently, he is the Chairman of the Prime Minister's Economic Advisory Council. He is also the Chairman of the
Madras School of EconomicsThe Madras School of Economics is an institution of higher education in economics, located in Chennai, India. Affiliated with Anna University, it offers master's and doctoral programs in economics and financial economics....
, Chennai.
He graduated from the University of Madras in the commerce stream (where he was a contemporary of the Yale University economics professor T N Srinivasan). He was awarded the
Ph.D.Ph.D. or PHD may stand for:* Doctor of Philosophy, an academic degree* Ph.D. , a 1980s British group* Piled Higher and Deeper, a web comic strip* PhD: Phantasy Degree, a Korean comic series* Parisada Hindu Dharma, an Indonesian organization...
in economics from the
University of PennsylvaniaThe University of Pennsylvania is a private research university located in Philadelphia, Pennsylvania, USA. Penn is the fourth-oldest institution of higher education in the United States, and is one of several institutions that claims to have been the first university in America...
in 1964; the subject of his doctoral thesis is not presently available in the public domain.
He taught at several institutions including the
University of PennsylvaniaThe University of Pennsylvania is a private research university located in Philadelphia, Pennsylvania, USA. Penn is the fourth-oldest institution of higher education in the United States, and is one of several institutions that claims to have been the first university in America...
and the IIM-A. He was awarded the title of Honorary Fellow of IIM-A in 1997.
In 2002, the
Government of IndiaThe Government of India, also known as the Union Government or the Central Government, was established by the Constitution of India, and is the governing authority of a union of 28 states and seven union territories, collectively called the Republic of India...
awarded him the
Padma VibhushanThe Padma Vibhushan is India's second highest civilian honour. It consists of a medal and a citation and is awarded by the President of India. It was established on 2 January 1954. It ranks behind the Bharat Ratna and before the Padma Bhushan...
, 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
GovernorA governor is a governing official, usually the executive of a non-sovereign level of government, ranking under the head of state...
of the
Reserve Bank of IndiaThe Reserve Bank of India is the central bank of India, was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Central Office of the Reserve Bank was initially established in Kolkata but was permanently moved to Mumbai in 1937...
between December 22, 1992 and December 21, 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.
From 2005 onwards, he was the Chairman of the Prime Minister's Economic Advisory Council. In August 2008, he resigned as the Chairman of the Prime Minister's Economic Advisory Council and was nominated as a member of the Rajya Sabha.
He resigned from the Rajya Sabha in August 2009 and was re-appointed the Chairman of the Prime Minister's Economic Advisory Council.
While serving as the governor of
Andhra PradeshAndhra Pradesh , abbreviated A.P., is a state situated on the south-eastern coast of India. It is India's fourth largest state by area and fifth largest by population. Its capital and largest city is Hyderabad...
, he also received additional charges as governor of
OrissaOrissa , is a state of India, located on the east coast of India, by the Bay of Bengal. It is the modern name of ancient republican nation of Kalinga, which was invaded by the Indian Emperor Ashoka in 261 BC, that led to a turning point in the Emperor's life when deeply saddened by the bloodshed...
from 1998 to 1999 and as governor of
Tamil NaduTamil Nadu is one of the 28 states of India. Its capital and largest city is Chennai . Tamil Nadu lies in the southernmost part of the Indian Peninsula and is bordered by Puducherry , Kerala, Karnataka and Andhra Pradesh...
from 2001 to 2002.