The Tamil Nadu government named Nobel laureate Esther Duflo and former Reserve Bank of India Governor Raghuram Rajan as part of a five-member Economic Advisory Council for the state. The other members in the council are former Chief Economic Adviser Arvind Subramanian, development economist Jean Drèze and former Union Finance Secretary S Narayan.
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The five-member team was put together by finance minister Palanivel Thiaga Rajan, who was an investment banker in the US and Singapore before he entered politics. Based on the recommendations of this Council, the government will revitalise the state’s economy and ensure that the benefits of economic growth reach all segments of society.
Important takeaways for all competitive exams:
- Tamil Nadu governor Banwarilal Purohit;
- MK Stalin chief minister of Tamil Nadu.