Shouldn't return to old pension system with same formula: C Rangarajan

Private investment needs to pick up if India's economic growth has to be sustained at 6-7%, says former RBI governor

C Rangarajan has been the governor of the Reserve Bank of India, chairman of the 12th Finance Commission, and head of the Prime Minister’s Economic Advisory Council to guide and direct the economy. Rangarajan, who is now in his nineties, told Indivjal Dhasmana in an interview some action may still be required to contain inflation. He spoke about issues such as the impact of the external environment and monsoon on the economy, GST reforms, and poverty estimates.

Here are edited excerpts from the interview.

The Economic Survey for 2022-23 had projected the economy to grow by 6-6.8 per cent with