Raghuram Rajan, Esther Duflo to be part of Tamil Nadu’s Economic Advisory Council

Pevita Lena

The Tamil Nadu Economic Advisory Council will include former Reserve Bank of India (RBI) governor Raghuram Rajan, Nobel laureate Esther Duflo, former CEA Arvind Subramanian, development economist Jean Dreze and former Union Finance Secretary S Narayan.

Former RBI governor Raghuram Rajan (Left) and Nobel laureate Esther Duflo.

The Tamil Nadu government has roped in leading economists to be part of its new economic advisory council to the chief minister, announced Governor Banwarilal Purohit on Monday.

Purohit said the economic advisory council will include former Reserve Bank of India (RBI) governor Raghuram Rajan, Nobel laureate Esther Duflo, former CEA Arvind Subramanian, development economist Jean Dreze and former Union Finance Secretary S Narayan.

“Based on the recommendations of this council, the government will revitalise the state’s economy and ensure that the benefits of economic growth reach all segments of society,” Purohit said.

The development is expected to help the southern state improve its financial policies besides diversifying the industrial base of the districts and ensuring technological upgradation.

Governor Purohit also said that an expert committee consisting of industrialists, banking and financial experts and government officials will be formed to come up with schemes to revive MSMEs.

He added that the economic advisory committee and other groups will study the financial situation of the state and changes will be made accordingly to make the state’s economy stronger.

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