Economic Reforms are Key to the Economic Growth of a Nation: Dr. C. Rangarajan | Press Release

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Ahmedabad, March 16, 2017

On 15 March 2017, MICA had the honour of welcoming on campus, the eminent economist and former Reserve Bank of India Governor, Padma Vibhushan Dr. C. Rangarajan. Dr. Rangarajan addressed the MICA Community & academic fraternity in an interactive session titled, ‘An Overview of the Indian Economy: A Policymaker’s Perspective'. The session was moderated by Dr. Rasananda Panda (Professor, MICA) & Dr. Amaresh Samantaraya (Associate Professor, Pondichery University)

Dr. Rangarajan shared and enlightened the audience with his perspectives on the past and current economic scenarios of India, his experiences, and the challenges he faced during his tenure as the RBI Governor and a policy maker traversing through the various pivotal roles he held across myriad governments. Reminding us that India has successfully completed 25 years of liberalization and economic reforms, Dr. Rangarajan gave a brief introduction to the process of economic reforms in the country, the circumstances under which a need arose to introduce them, and the growth of the Indian Economy post economic reforms.

The interactive session then moved on to the Q/A session with the audience asking questions on a wide range of topics encompassing his experience as a policy maker, the various policy decisions made during his tenure, and the policy decisions being undertaken under the current government. He also shared his analysis on the highly debated topic of demonetization and its effects on the Indian Economy. Further, Dr. Rangarajan put forth his views on the various reforms that he recommends to be initiated in the country. A profoundly interesting reform suggested by Dr. Rangarajan is the role of the Niti Aayog which was formed after dismantling the Planning Commission. He opined that 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 come up with strategies and solutions to tackle these problems.

The event also witnessed the launch of a book titled Indian Economy in New Perspectives edited by Dr. Rasananda Panda (Professor, MICA) and Dr. Prashanta Chandra Panda (Associate Professor, PDPU Gandhinagar)

On behalf of MICA, Acting Director & MICA Governing Council member Dr. Tridip Suhrud felicitated the distinguished guest Dr. C .Rangarajan & expressed his gratitude for the visit to MICA. The Vote of Thanks was given by Dr. Rasananda Panda, Professor of Economics & Area Leader of Business Management Area who credited the MICA academic leadership team, Co-Moderator Dr. Amaresh Samantaraya (Pondicherry University), MICA Community, MiCompass, the student driven marketing club at MICA & the enthusiastic audience for the success of the insightful session.

About MICA

Established in 1991, MICA is the first residential institute in the country and perhaps in the Asia-Pacific region, dedicated to creating Leadership in Strategic Marketing and Communication.

Its spirit lies in its grasping of contemporariness, addressing the needs of an ever-changing environment. The MICA brand assures effective delivery of Strategic Marketing and Communication solutions to the industry, government and community.

Today, it is the alma mater of professionals serving in leadership positions in some of the best known companies in India and the world, in marketing, brand management, research & analytics, advertising, media, digital and other strategic marketing and communication-driven businesses.

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