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Raghuram Rajan, Arvind Subramanian, Esther Duflo To Be A Part Of Economic Advisory Council To Tamil Nadu CM

A white paper detailing the true state of Tamil Nadu’s finances will be released in July.

Tamil Nadu governor Banwarilal Purohit announced on Monday that the state government has formed an Economic Advisory Council to Chief Minister MK Stalin comprising of former RBI Governor Raghuram Rajan, former chief economic advisor to Government of India, Arvind Subramanian, and Nobel laureate Esther Duflo.

Other members of the council include development economist Jean Dreze and former Union finance secretary S Narayan.

The governor, while addressing a session of the 16th Tamil Nadu Assembly said that the recommendations of this council will “revitalize the state’s economy”.

“Based on the recommendation of the council, the government will revitalize the state’s economy and ensure that benefits of economic growth reach all segments of society,” Purohit said.

He said the Tamil Nadu government will focus on improving the fiscal position and bringing down the debt burden. A white paper detailing the true state of Tamil Nadu’s finances will be released in July.

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The Governor also said the MK Stalin-led government would maintain a cordial relationship with the Union government as “partners in the process of nation-building in line with our policy of extending our hand in friendship, even as we speak up for our rights.”

While praising the Tamil Nadu government, Purohit said that it is guided by the spirit of the Dravidian movement and identifies social justice, gender equality, economic equity, an opportunity for all through reservations, and progress through education and social reforms as its core values.

“These values will drive every action, every legislation, every scheme, every initiative of this government,” he said.

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