'Niti Aayog should look at India's long-term problems' | News

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Former RBI Guv Dr. C Rangarajan spoke at an A'bad institute on Wednesday


"Niti Aayog should be transformed into an institution that looks at long-term problems of the country such as drinking water, forest resources, attaining self-sufficiency in agriculture, and comes up with strategies and solutions to tackle these problems", said Dr C Rangarajan, former governor of Reserve Bank of lndia.

Dr. Rangarajan, who was at MICA on Wednesday to deliver a talk on the topic, "An overview of the lndian economy: A policy makers perspective," spoke at length about the role of the Niti Aayog, which was formed on January 1, 2015 to replace the Planning Commission.

Dr. Rangarajan also shared his perspective on the past and current economic scenarios of lndia, his experiences, and the challenges he faced during his tenure as the RBI governor and a policy maker across various governments .

The session then moved on to the Q&A session with the audience asking him questions on a Wide range of topics including his experience as a policy maker, the various decisions made during his tenure, and the policy decisions being taken by the current government. He also shared his analysis on demonetisation and its effects on the lndian economy.

At the end of the session, acting director and MICA governing council member Dr. Tridip Suhrud felicitated Dr. Rangarajan.


  • He was governor of RBI from December 22, 1992 to November 1997

  • He also served as the Governor of Andhra Pradesh from November 24, 1997 to January 3, 2003

  • After demitting that office, he took charge as the chairman of the Twelfth Finance Commission

  • From 2005 to 2008, he was the chairman of the PM's Economic Advisory Council

  • He was re-appointed the chairman of the PM's Economic Advisory Council in August 2009. He resigned from the Council on May 19, 2014, when the UPA govt was voted out of power


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