Raghuram Rajan

Description: (Former Governor of the Reserve Bank of India)

Raghuram Rajan is an Indian economist and the former Governor of the Reserve Bank of India, who is currently the Vice-Chairman of the Bank for International Settlements. He served as the 23rd Governor of the Reserve Bank of India and his three year tenure is known for bringing the bleeding rupee back to strength and for battering down the inflation fangs to 6 per cent from double-digit levels. After a glorious career as an academician at the Booth School of Business, he was hired by the International Monetary Fund as its Chief Economist. Always a high-achiever, Rajan completed his schooling from some of the best educational institutions in the country and abroad. An alumnus of IIT-Delhi and IIM-A, Rajan's thesis 'Essays on Banking' earned him a Ph.D. in management from MIT Sloan School of Management. He is always known to be a pragmatist, which is reflected in his various papers especially the controversial piece of writing ‘Has Financial Development Made the World Riskier?’. Though initially ridiculed, Raghuram was later commended for predicting the US economic crisis of 2008 beforehand. His straight forward and practical approach has been instrumental in battling the inflation which plagued the nation when he assumed the role of RBI Governor. A member of the Group of Thirty, Rajan is a crusader of the free market system. In his book ‘Saving Capitalism from the Capitalists’ he has suggested that capitalism serves as a handy tool to abate poverty and provides equal opportunities for all.

Overview

Birthday February 3, 1963 (Aquarius)
Born In India
Alternative names Raghuram Govindarajan
Height 185 cm
City Bhopal, India
Spouse/Ex- Radhika Rajan
Parents R Govindarajan
Relatives Jayashree Rajan, Mukund Rajan, Srinivas Rajan

Did you know

What are Raghuram Rajan's key contributions to economics? Raghuram Rajan is known for his work on banking and finance, particularly his early warnings about the global financial crisis of 2008.
What is Raghuram Rajan's stance on current economic policies in India? Raghuram Rajan has been critical of some economic policies in India, advocating for reforms to boost growth and address structural issues.
How did Raghuram Rajan impact the Indian economy during his tenure as RBI Governor? Raghuram Rajan is credited with introducing several reforms during his tenure as RBI Governor, including initiatives to tackle inflation and strengthen the banking sector.
What is Raghuram Rajan's view on the role of central banks in today's global economy? Raghuram Rajan has emphasized the importance of central banks in maintaining financial stability and has called for greater coordination among them.
What is Raghuram Rajan's opinion on the impact of technology on the future of finance? Raghuram Rajan has highlighted the transformative potential of technology in finance but has also warned about the risks and challenges it may pose.
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