Abstract

C. Rangarajan’s economic philosophy revolves around the principle that sustained economic growth must be accompanied by equitable distribution to foster inclusive development. He argues that while economic growth is essential for enhancing living standards and generating wealth it must not come at the cost of increasing inequality. Rangarajan stresses that a balanced approach which integrates growth with equity is crucial for long-term stability and social harmony. In his framework Rangarajan highlights the need for targeted policy interventions that address disparities while encouraging economic dynamism. He advocates for reforms that not only stimulate economic activity but also ensure that the benefits of growth reach marginalized and disadvantaged sections of society. Rangarajan’s approach includes investment in education healthcare and social welfare programs as key components of a strategy that harmonizes growth with equitable distribution. By integrating these elements into econ