Duflo, Rajan on TN’s fiscal recovery panel

Chennai, June 21

An Economic Advisory Council to the Chief Minister would be constituted with leading experts, including Nobel laureate Prof Esther Duflo and former RBI Governor Raghuram Rajan, Tamil Nadu Governor Banwarilal Purohit said here today in his customary address to the Assembly.

The council is to prepare a roadmap for “rapid” and inclusive economic growth of the state, Purohit said in his first address to the House, which also marks the commencement of the first session after the formation of the DMK government last month.

The Chosen five

• Prof Esther Duflo, Nobel laureate
• Raghuram Rajan, Former RBI Governor
• Arvind Subramanian, Former chief economic adviser
• Prof Jean Dreze, Development economist
• S Narayan, Former union finance secretary

“In recent years, we have seen a slowdown in Tamil Nadu’s economic growth rate. This government will make all out efforts to reverse this trend and usher in a period of rapid economic growth,” he said and announced that the panel would be set up.

Besides Duflo of the Massachusetts Institute of Technology-USA and Rajan, former chief economic adviser to the Union Government, Arvind Subramanian, development economist Prof Jean Dreze and former union finance secretary S Narayan would be part of the council, he said. — PTI