SUGGESTION TO THE PMEAC CHAIRMAN DR C. RANGARAJAN To: The Prime Minister Economic Advisory Council Chairman Dr. C. Rangarajan From: Athinarayanan Sanjeevraja RE: India’s GDP Number Suggestion: Good morning sir. I hope that you remembered my last mail dated on June 29, 2011 regarding inflation. Now the Indian economy is suffering as a consequence as I mentioned in my last mail. I accept that high inflation would debase the currency leading to economic destabilization. Hence RBI’s policy of raising interest rates 50 bps on July 26, 2011 to reduce demand and prevent high inflation corrects. I have said so in my previous mail the current approach to monetary policy is fundamentally flawed whether it is based on targeting inflation or the growth in the money supply itself. Monetary policy may have been a strong lever to control the economy in the past but today too much money has ended up in the hands of the wealthy with no place to go.
My mission is to helping global leaders to understand the forces of transforming the global economy, industry and finance to improve overall economic performance and work for better international policies since 2009. My work is to provide international leaders in economy, industry and finance with the facts and insights on which to base policy decision. In addition, addressing international conflicts by using paternalistic theory consistently with sound arguments from 2009 to September 2023.