The new government of Tamil Nadu has formed a five member Economic Advisory Council to advise the Chief Minister. Some renowned economic experts from the country and abroad will be included in this. These experts include former Reserve Bank of India (RBI) governor Raghuram Rajan, Nobel laureate Esther Duflo, former economic advisor to the central government Arvind Subramanian and former central finance secretary S Narayana.
Tamil Nadu Governor Banwarilal Purohit gave this information on Monday. He said that on the basis of the suggestions of this council, along with strengthening the economy of the state, it would be ensured that the benefits of economic growth reach all sections of the society. Development economist Jean Dreze has also been included in this council.
In his address, Purohit said Tamil Nadu’s economic growth rate had witnessed a decline in the past few years and gave an assurance that the Government will make all out efforts to reverse this trend and usher in a period of rapid economic growth taking full advantage of the available limited window of the demographic dividend.
“To chart out a rapid and inclusive economic growth path for Tamil Nadu, this Government will constitute an Economic Advisory Council to the Chief Minister with leading economic experts from all over the world as its members,” Purohit said.
Based on the recommendations of this Council, the Government will revitalize the State’s economy and ensure that the benefits of economic growth reaches all segments of society, he said.