Shouldn't return to old pension system with same formula: C Rangarajan

Private investment needs to pick up if India's economic growth has to be sustained at 6-7%, says former RBI governor

Can’t return to old system with same formula for fixing pension: Rangarajan

Indivjal Dhasmana New Delhi
C Rangarajan has been the governor of the Reserve Bank of India, chairman of the 12th Finance Commission, and head of the Prime Minister’s Economic Advisory Council to guide and direct the economy. Rangarajan, who is now in his nineties, told Indivjal Dhasmana in an interview some action may still be required to contain inflation. He spoke about issues such as the impact of the external environment and monsoon on the economy, GST reforms, and poverty estimates.

Here are edited excerpts from the interview.

The Economic Survey for 2022-23 had projected the economy to grow by 6-6.8 per cent with 6.5 per cent as baseline projection for the current financial year. But since then, various projections have put the growth

Also Read

Bank stocks can slide more; stay away for now: Analysts

GDP growth may have beaten MPC's estimate of 6.3% in Q2: Economists

Robust activity in services sector holds up 6.3% GDP growth in Q2

No SVB-like scenario in India; banks are on a strong footing, say analysts

Indian economy to grow 6.5% in FY24; CAD may widen further: Economic Survey

Seeing stress in MSME sector... had slippages of Rs 3K cr: A Manimekhalai

Punjab & Sind Bank will improve underwriting standards: MD & CEO Saha

No hike needed if inflation within tolerance band: MPC member Ashima Goyal

When inflation gets closer to 4%, focus can shift to growth: Jayanth Varma

We expect good demand to continue from realty sector: LIC Hsg Fin chief

First Published: May 11 2023 | 12:20 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to