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...