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An Economic Advisory Council to the Tamil Nadu Chief Minister would be constituted with leading experts including Nobel laureate Prof Esther Duflo&nbsp;and&nbsp;former RBI Governor Raghuram RajanTamil Nadu Governor Banwarilal Purohit said on Monday in his customary address to the Assembly that the Council is to prepare a roadmap for "rapid" and inclusive economic growth of the state.
He said the DMK government will make all out efforts to reverse the economic downfall and usher in a period of rapid economic growth.
Besides Duflo&nbsp;and&nbsp;Rajan, former chief economic advisor to the centre, Arvind Subramanian, development economist Prof Jean Dreze and former union finance secretary S Narayan would be part of the Economic Advisory Council.

Prof Esther Duflo, Raghuram Rajan in Tamil Nadu government's economic panel

An Economic Advisory Council to the Tamil Nadu Chief Minister would be constituted with leading experts including Nobel laureate Prof Esther Duflo&nbsp;and&nbsp;former RBI Governor Raghuram Rajan Tamil Nadu Governor Banwarilal Purohit said on Monday in his customary address to the Assembly that the Council is to prepare a roadmap for "rapid" and inclusive economic growth of the state.
He said the DMK government will make all out efforts to reverse the economic downfall and usher in a period of rapid economic growth.
Besides Duflo&nbsp;and&nbsp;Rajan, former chief economic advisor to the centre, Arvind Subramanian, development economist Prof Jean Dreze and former union finance secretary S Narayan would be part of the Economic Advisory Council.

Nobel laureate Esther&nbsp;Duflo&nbsp;&amp;&nbsp;Raghuram&nbsp;Rajan&nbsp;in&nbsp;Tamil Nadu&nbsp;govt's&nbsp;economic council&nbsp;
Economic Advisory Council to prepare a roadmap&nbsp;for 'rapid' growth of TN
Tamil Nadu&nbsp;Governor: DMK&nbsp;govt will make all efforts to reverse slowdown
TN govt advisory panel to have ex-CEA&nbsp;Arvind&nbsp;Subramanian, Prof Jean Dreze
&nbsp;

An Economic Advisory Council to the Tamil Nadu Chief Minister would be constituted with leading experts including Nobel laureate Prof Esther Duflo&nbsp;and&nbsp;former RBI Governor Raghuram Rajan Tamil Nadu Governor Banwarilal Purohit said on Monday in his customary address to the Assembly that the Council is to prepare a roadmap for "rapid" and inclusive economic growth of the state.
He said the DMK government will make all out efforts to reverse the economic downfall and usher in a period of rapid economic growth.
Besides Duflo&nbsp;and&nbsp;Rajan, former chief economic advisor to the centre, Arvind Subramanian, development economist Prof Jean Dreze and former union finance secretary S Narayan would be part of the Economic Advisory Council.

Govt's strategy is 'self-defeating': Raghuram Rajan

Former RBI&nbsp;Governor Raghuram Rajan&nbsp;on Monday said that the 23.9% drop in the&nbsp;GDP&nbsp;should alarm us all. He pointed out that the contraction in India is even&nbsp;worse than a drop of 12.4% in Italy and 9.5% in the US, two of the most Covid-affected countries.
Rajan said the government&rsquo;s strategy to conserve resources today for a possible future stimulus is 'self-defeating'. The government&nbsp;needs to be frightened out of their complacency and take meaningful action.&nbsp;&nbsp;&nbsp;&nbsp;
The eminent&nbsp;economist&nbsp;stressed that the recent pick-up in sectors like auto is not an evidence of the much-awaited&nbsp;V-shaped recovery. "It reflects pent-up demand, which will fade as we go down to the true level of demand in the damaged, partially-functioning, economy," he noted.
He also suggested that reforms can be a form of stimulus, and even if not carried out immediately, a timeline to undertake them can boost current investor sentiment. "The world will recover earlier than India, so exports can be a way for India to grow,"&nbsp;he said.

Former RBI&nbsp;Governor Raghuram Rajan&nbsp;on Monday said that the 23.9% drop in the&nbsp;GDP&nbsp;should alarm us all. He pointed out that the contraction in India is even&nbsp;worse than a drop of 12.4% in Italy and 9.5% in the US, two of the most Covid-affected countries.
Rajan said the government&rsquo;s strategy to conserve resources today for a possible future stimulus is 'self-defeating'. The government&nbsp;needs to be frightened out of their complacency and take meaningful action.&nbsp;&nbsp;&nbsp;&nbsp;
The eminent&nbsp;economist&nbsp;stressed that the recent pick-up in sectors like auto is not an evidence of the much-awaited&nbsp;V-shaped recovery. He said it reflects pent-up demand, which will fade as we go down to the true level of demand in the damaged, partially-functioning, economy.
He also suggested that reforms can be a form of stimulus, and even if not carried out immediately, a timeline to undertake them can boost current investor sentiment. "The world will recover earlier than India, so exports can be a way for India to grow,"&nbsp;he said.

Former RBI&nbsp;Governor Raghuram Rajan&nbsp;on Monday said that the 23.9% drop in the&nbsp;GDP&nbsp;should alarm us all. He pointed out that the contraction in India is even&nbsp;worse than a drop of 12.4% in Italy and 9.5% in the US, two of the most Covid-affected countries.
Rajan said the government&rsquo;s strategy to conserve resources today for a possible future stimulus is 'self-defeating'. The government&nbsp;needs to be frightened out of their complacency and take meaningful action.&nbsp;&nbsp;&nbsp;&nbsp;
The eminent&nbsp;economist&nbsp;stressed that the recent pick-up in sectors like auto is not an evidence of the much-awaited&nbsp;V-shaped recovery. "It reflects pent-up demand, which will fade as we go down to the true level of demand in the damaged, partially-functioning, economy," he noted.
He also suggested that reforms can be a form of stimulus, and even if not carried out immediately, a timeline to undertake them can boost current investor sentiment. "The world will recover earlier than India, so exports can be a way for India to grow,"&nbsp;he said.

rajan

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