The Economic Experts Who Advise our PM



Duvvuri Subbarao, Governor, Reserve Bank of India



Subbarao is a 1972 batch Indian Administrative Service (IAS) officer of Andhra Pradesh cadre. He is the 22nd and current Governor of Reserve Bank of India, serving under Prime Minister Manmohan Singh. He did his schooling from the Sainik School in Korukonda, Andhra Pradesh. He graduated in Physics B.Sc Hons. from Indian Institute of Technology Kharagpur (class of 1969) where he was the recipient of Director's Gold Medal. He received a M.Sc degree also in Physics from Indian Institute of Technology Kanpur. Subbarao topped the IAS examination in 1972 and was assigned the Andhra Pradesh cadre. He later did a Masters degree (MS) in economics from Ohio State University, United States and was a Humphrey Fellow at Massachusetts Institute of Technology. Although the RBI governor works autonomously, his role in shaping the country's economic policies cannot be overstated. Subbarao has earned more critics in recent months for supposedly killing growth, but a few admirers too for his conviction. "Subbarao is a pragmatic and astute central banker who has taken independent decisions based on his well-researched conviction," says Madan Sabnavis, chief economist at rating company Care. "He has recognised inflation as being the single most important malaise afflicting the economy and pursued the goal of increasing rates, notwithstanding the pressures being exercised from different quarters, displaying a lot of character."

C. Rangarajan, Chairman, Prime Minister's Economic Advisory Council

He is an Indian economist and a distinguished former Member of Parliament and 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 Economics, and the Founding Chairman of the CR Rao Advanced Institute of Mathematics, Statistics and Computer Science. Rangarajan graduated from the prestigious Loyola College of the University of Madras in the commerce stream (where he was a contemporary of the Yale University economics professor T N Srinivasan). He later took Ph.D. in economics from the University of Pennsylvania in 1964. Rangarajan taught at several institutions including the University of Pennsylvania and the IIM-A where he also served as the Director. Commenting on the rate hike, Dr. C. Rangarajan, said, "This is the right decision... in the background of rising inflation...Inflation has been above 9 percent since January this year and taming inflation is the most important concern of the central bank." 

http://www.siliconindia.com/shownews/The_10_Economic_Experts_Who_Advise_our_PM-nid-93260.html