Abstract

The economic philosophy of C. Rangarajan one of Indias foremost economists has greatly influenced the nations approach towards economic development and equity. Rangarajans ideas have played a pivotal role in balancing the dichotomy between economic growth and social equity. This paper delves into Rangarajans economic philosophy exploring his vision for an inclusive and balanced economic model. The research examines how his policies and ideas have shaped Indias economic landscape particularly in the post-liberalization era. Rangarajans emphasis on sustainable growth the reduction of income inequality and the empowerment of marginalized sectors of society is explored through the lens of his tenure as the Governor of the Reserve Bank of India and his role in economic policy formulation. The paper presents a comprehensive analysis of his contributions assessing both the theoretical underpinnings and practical implications of his economic philosophy in modern India. The study further invest