‘The modern Kautilya of India’: Dr C Rangarajan on India’s economic development

The fifteenth edition of University Distinguished Lecture series on the topic “India at 75 and beyond”, was held on October 29, 2022 to celebrate the magnificent growth displayed by India. The session was addressed by Dr C Rangarajan, renowned economist and former Governor of Reserve Bank of India. The intense and inspiring lecture highlighted the importance of reflection on the past and articulation of our vision for our future to enable rapid progression on economic development.

Dr C Rangarajan gave a comprehensive outlook on the economic performance of India since independence. “India has made momentous progress on reducing multidimensional poverty. The incidents of multidimensional poverty were almost reduced by half to almost 27.5% during 2005-06 and 2015-16 period due to deeper progress among the poorest. Thus within 10 years, the number of poor people in India fell by more than 270 million, a truly massive achievement,” he stated during the lecture.

Dr Rangarajan further expounded on the importance of reform agendas and measures, the subsisting triad of economic policies and the future challenges of progressing into being a developed nation. The lecture was followed by a Q & A session moderated by Dr S Ananda Rao and Dr Erra Kamal Sai Sadharma from the Department Economics.

Prof Kamaiah Bandi, Dean-School of Liberal Arts and Social Sciences applauded Dr Rangarajan on being a unique distinction of shaping and motivating five generations of intellectual cohort. “Dr C Rangarajan has successfully brought down the gap between theory and practice in his capacity as Governor of RBI and various other important positions he has held for our nation. We as SRM AP look forward to your remarkable experience and knowledge to incubate motivation in our students.”

SRM University-AP has actively promoted a cumulative intellectual ecosystem and interdisciplinary education. “The principal objective of the University Distinguished Lecture series is to impel research scholars, students from all around the world to undertake progressive measures for the holistic development of our nation”, said Honourable Vice Chancellor, Prof Manoj K Arora in his welcome address.

Prof D Narayana Rao, Pro-Vice-Chancellor, SRM University-AP concluded the event by addressing Dr C Rangarajan as ‘the modern Kautilya of India’ and presented a memento on behalf of the institution as a token of respect and appreciation for his esteemed presence at the fifteenth edition of the University Distinguished Lecture series.

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