Prof. C. Rangarajan
Mentor, Shiv Nadar University, Chennai
C. Rangarajan is an Indian economist, a former Member of Parliament and 19th Governor of the Reserve Bank of India. He is the former Chairman of the Prime Minister’s Economic Advisory Council. 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 taught at several institutions including the University of Pennsylvania and the Indian 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 macroeconomics 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.
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. He resigned from the Council on 19 May 2014.
While serving as the governor of Andhra Pradesh, he also received additional charges as governor of Odisha from 1998 to 1999 and as governor of Tamil Nadu from 2001 to 2002.