Dr. C. Rangarajan Dr. C. Rangarajan (born 1932) is a renowned Indian economist and a distinguished former Member of Parliament and Ex-Governor of the Reserve Bank of India. A 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 and the Founding Chairman of the CR Rao Advanced Institute of Mathematics, Statistics and Computer Science.

Early Life

Dr. Rangarajan graduated in Commerce from Loyola College of the University of Madras. In 1964, he received his Ph.D. in Economics from the University of Pennsylvania for his thesis titled "Variability of Demand Deposits".


Dr. Rangarajan taught at several institutions including the University of Pennsylvania and the IIM-A. He was a well-known teacher of economics at IIM-A 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.

He served as a Deputy Governor of the Reserve Bank of India from 1982 to 1991, after which became the Governor of the Reserve Bank of India from 1992 to1997. In 2003, he took charge as the Chairman of the Twelfth Finance Commission.

Dr. Rangarajan has also served as the Governor of Andhra Pradesh, Odisha and Tamil Nadu.

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

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