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  Ex-RBI chief says with 8-9% growth rate, India will take 20 years to become developed nation

  India | December 24, 2022 14:26 IST

  The former RBI chief noted that the per capita income will have to be at a minimum of USD 13,205 and the economy should have to maintain strong growth of between 8 to 9 per cent in order to achieve the goal.

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  Banks hit by NPAs, scams need to overcome problems fast to lend large credit: Former RBI governor

  Business | March 07, 2018 13:11 IST

  "I think that through recapitalisation and other measures, we really need to ensure that the banking system gets strong enough to be able to begin the process of lending."

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  India's poverty rate falls to 12.4%, electricity plays big role

  India | October 10, 2015 12:09 IST

  India has reduced its poverty rate to 12.4% from the 2011-12 estimate of 21%, according to new data released by World Bank, which identified rural electrification as an important driving factor for everything from greater

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  'Growth rate has bottomed out; may be revised upwards for FY14'

  February 08, 2014 19:57 IST

  New Delhi: Decline in growth rate has bottomed out and there is a probability that the GDP estimate for 2013-14 may be revised upwards, Prime Minister's Economic Advisory Council Chairman (PMEAC) C Rangarajan said on

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  Inflation may ease to 6.5 per cent in December: C Rangarajan

  December 22, 2013 23:08 IST

  Mumbai: A fall in vegetable prices is likely to ease headline inflation and retail inflation to 6.5 per cent and 9.20 per cent respectively in December, Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan

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  Huge gold import a reason for high current account deficit last year: C Rangarajan

  August 12, 2012 18:07 IST

  Hyderabad, Aug 12: India's huge gold imports in the last financial year at USD 60 billion was partially responsible to high current account deficit, Prime Minister's Economic Advisory Council Chairman C Rangarajan has said.According to

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  Rupee falling due to global factors, no need to panic, says Pranab Mukherjee

  May 16, 2012 15:34 IST

  New Delhi, May 16: As the rupee hit its record low level of Rs 54.46 against dollar, the Finance Ministry today said there was no need to panic and the slide would be contained when

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  Inflation May Come Down By March Next : Rangarajan

  November 09, 2011 7:49 IST

  Kochi, Nov 9: Prime Minister's Economic Advisory Council Chairman C Rangarajan on Tuesday said inflation, a matter of concern, may come down to 7 per cent by March 2012.There could be a significant easing of

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  Deregulation Of Petroleum Prices Could Push Up Prices : C Rangarajan

  November 09, 2011 7:39 IST

  Kochi, Nov 9: Prime Minister's Economic Advisory Council Chairman C Rangarajan on Tuesday said India was under the grip of high inflation and deregulation of petroleum prices could further push up prices.The domestic retail prices

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  Rangarajan Favours Decontrol Of Diesel Prices

  November 05, 2011 13:59 IST

  Chennai, Nov 5: Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan today pitched for freeing diesel prices but suggested that it should be done when inflation starts declining.“Diesel is like any other commodity and

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  Difficult To Achieve Fiscal Deficit Target : C Rangarajan

  September 29, 2011 19:51 IST

  New Delhi, Sept 29: Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan on Thursday said the government is likely to miss the fiscal deficit target of 4.6 per cent for the current fiscal as

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