Indian economist and former governor of Reserve Bank of India
Raghuram Rajan
Rajan in 2004
23rd Governor of the Reserve Bank of India
In office 4 September 2013 – 4 September 2016
Prime Minister
Manmohan Singh Narendra Modi
Preceded by
Duvvuri Subbarao
Succeeded by
Urjit Patel
15th Chief Economic Adviser to the Government of India
In office 10 August 2012 – 4 September 2013
Prime Minister
Manmohan Singh
Preceded by
Kaushik Basu
Succeeded by
Arvind Subramanian
7th Chief Economist of the International Monetary Fund
In office September 1, 2003 – January 1, 2007
Preceded by
Kenneth Rogoff
Succeeded by
Simon Johnson
Personal details
Born
(1963-02-03) 3 February 1963 (age 61) Bhopal, Madhya Pradesh, India
Spouse
Radhika Puri
Education
Indian Institute of Technology, Delhi (BTech) Indian Institute of Management, Ahmedabad (PGDM) Massachusetts Institute of Technology (PhD)
Signature
Raghuram Govind Rajan (born 3 February 1963) is an Indian economist and the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago's Booth School of Business.[1][2][3][4] Between 2003 and 2006 he was Chief Economist and director of research at the International Monetary Fund.[3] From September 2013 through September 2016 [3] he was the 23rd Governor of the Reserve Bank of India. In 2015, during his tenure at the RBI, he became the Vice-Chairman of the Bank for International Settlements.[5]
At the 2005 Federal Reserve annual Jackson Hole conference, three years before the 2008 crash, Rajan warned about the growing risks in the financial system, that a financial crisis could be in the offing, and proposed policies that would reduce such risks.[6] Former U.S. Treasury Secretary Lawrence Summers called the warnings "misguided" and Rajan himself a "luddite".[7] However, following the financial crisis of 2007–2008, Rajan's views came to be seen as prescient, and he was extensively interviewed for the Academy Awards-winning documentary Inside Job (2010).
In 2003, Rajan received the inaugural Fischer Black Prize, given every two years by the American Finance Association to the financial economist younger than 40 who has made the most significant contribution to the theory and practice of finance. His book, Fault Lines: How Hidden Fractures Still Threaten the World Economy, won the Financial Times/Goldman Sachs Business Book of the Year award in 2010. In 2016, he was named by Time in its list of the '100 Most Influential People in the World'.[8][9]
^"I am an Indian citizen: Raghuram Rajan". The Hindu. 30 October 2013. Quote: "I am an Indian citizen. I have always been an Indian citizen. I always held an Indian passport. I held an Indian diplomatic passport when my father was in the foreign service and when I travelled on behalf of the Ministry of Finance. I have never applied for the citizenship of another country. I have never been a citizen of another country and have never taken a pledge of allegiance to another country."
^Crabtree, James (30 August 2013) Raghuram Rajan, academic in a raging storm The Financial Times (requires a subscription), Retrieved 11 November 2014
^ abc"Raghuram G. Rahan: Katherine Dusak Miller Distinguished Service Professor of Finance". University of Chicago, Booth School of Business. Archived from the original on 6 May 2019. Retrieved 18 March 2017.
^"Faculty members recognized with named, distinguished service professorships". University of Chicago Booth School of Business. Retrieved 2 February 2017.
^"RBI Governor Raghuram Rajan first Indian to be appointed BIS Vice Chairman". The Economic Times. Retrieved 2 February 2017.
^"The Economic Crisis and the Crisis in Economics". www.eatonak.org.
^Lahart, Justin (2 January 2009). "Mr. Rajan Was Unpopular (But Prescient) at Greenspan Party". The Wall Street Journal.
^Raghuram Rajan in TIME's 100 most influentials list Business Standard, 22 April 2016
^Raghuram Rajan, Sania Mirza, Sundar Pichai Among Times 100 Most Influential People Huffington Post, 22 April 2016
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August 2013) RaghuramRajan, academic in a raging storm The Financial Times (requires a subscription), Retrieved 11 November 2014 "Raghuram G. Rahan: Katherine...
Release No. 01/27 June 7, 2001". "IMF Managing Director Köhler Proposes RaghuramRajan as Economic Counsellor and Director of the IMF's Research Department...
Bimal Jalan (1997–2003) Y. V. Reddy (2003–08) Duvvuri Subbarao (2008–13) RaghuramRajan (2013–16) Urjit Patel (2016–2018) Shaktikanta Das (2018–present)...
training post for a future higher level posting. For example, when RaghuramRajan served as OSD in Union Finance Ministry before beginning the appointment...
economist who worked closely with former Reserve Bank of India Governor RaghuramRajan when both were at the International Monetary Fund. He served at the...
today but future decades, the rush to a conclusion may not be good." RaghuramRajan, former RBI Governor in an interview at the World Economic Forum (WEF)...
Tamil Nadu C. Rajagopalachari - The last governor general of India RaghuramRajan - 23rd Governor of the Reserve Bank of India C. Rangarajan - 19th Governor...
ten other directors from various fields. The Reserve Bank – under RaghuramRajan's governorship – wanted to create a post of a chief operating officer...
September 2008 – 4 September 2013 Preceded by Y. V. Reddy Succeeded by RaghuramRajan Finance Secretary of India In office 4 July 2007 – 5 September 2008...
Academy. "Home". www.svpnpa.gov.in. Retrieved 7 November 2022. Dr. RaghuramRajan, Governor, Reserve Bank of India on "Reforming India's Economic Institutions"...
- C. Rangarajan, I. G. Patel, and Y. V. Reddy, and one as student - RaghuramRajan). Two faculty members (Ravindra Dholakia and Jayanth Varma) have been...
Advisory Committees (TACs)". dot.gov.in. Retrieved 23 December 2015. "RaghuramRajan went ahead with TAC view on interest rate". moneycontrol.com. Retrieved...
friendshoring can potentially lead to supply shocks and lower growth over time. RaghuramRajan, former governor of the Reserve Bank of India, is critical of the "friend-shoring"...
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