Dr C Rangarajan stepping down from chairmanship of the PM’s official economic advisers is, fortunately, not a sign that his role as a policy-maker is coming to end;he has become a Rajya Sabha MP and it has even been speculated he may be invited into the Cabinet. India has been experiencing high recorded inflation in recent months. The most disconcerting aspect of this may be that it seems to be accelerating Business Standard 24 August 2008
October 25, 2008 at 12:10 am
I first met Dr. Rangarajan in 1960, when we were graduate students at the University of Pennsylvania (I was in English). I knew him too when he was teaching at New York University and later the Deputy Governor of the Reserve Bank. Our last meeting was in 1983. Since then he has been Governor of the Bank and Governor of Andhra Pradesh. His public service has been remarkably durable.