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Raghuram Rajan

Raghuram Rajan is an acclaimed economist and former Governor of the Reserve Bank of India, known for his insights into global financial stability and economic policy.

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Past Works

Group of Thirty

Rajan is the Chairman of the Group of Thirty, an international body of leading financiers and economists.

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Per Jacobsson Foundation

Rajan is the Chairman of the Per Jacobsson Foundation.

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BDT&MSD

Rajan serves as a senior economic advisor to BDT&MSD.

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Andersen

Rajan is a managing director at Andersen.

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University of Maryland, Robert H. Smith School of Business

Raghuram Rajan shared insights on India's economic future, innovation, and crucial aspects of economic development at a distinguished speaker event.

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Institute for New Economic Thinking (INET)

Rajan's research interests intersect with INET's focus on banking, corporate finance, and the role of finance in economic development.

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Global Affairs

Rajan is recognized as an expert by Global Affairs, with his research focusing on banking, corporate finance, and economic development, including publishing books like 'Breaking the Mold'.

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World Economic Forum

Rajan is an agenda contributor for the World Economic Forum, recognized as an Indian economist and Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business.

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Conversations with Tyler

Raghuram Rajan engaged in discussions on empowering individuals at both community and international levels for Episode 62.

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Hoover Institution

Rajan is a Fellow at the Hoover Institution, with research interests in banking, corporate finance, and economic development, particularly the role of finance.

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LinkedIn

Raghuram Rajan is listed as the Katherine Dusak Miller Distinguished Service Professor of Finance at The University of Chicago Booth School of Business, with extensive experience.

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ETBFSI (Economic Times BFSI)

Rajan offers strategies for accelerating economic development, emphasizing investments in human capital, fostering creativity, and improving infrastructure.

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Centre for Economic Policy Research (CEPR)

Raghuram Rajan is the Eric J. Gleacher Distinguished Service Professor of Finance at the University of Chicago's Graduate School of Business and a contributor to CEPR.

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1963

Born in Bhopal, Madhya Pradesh, India

MILESTONE
1985

Graduated with a Bachelor of Technology from Indian Institute of Technology, Delhi

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1987

Earned a Post Graduate Diploma in Management from Indian Institute of Management, Ahmedabad

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1991

Received a PhD from Massachusetts Institute of Technology

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1991

Joined Booth School of Business at the University of Chicago as an assistant professor of finance

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1995

Became a full professor at Booth School of Business

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2003

Received the inaugural Fischer Black Prize from the American Finance Association

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2003-2006

Served as Chief Economist of the International Monetary Fund

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2005

Warned about risks in the financial system at the Jackson Hole conference

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2008

Appointed as honorary economic adviser to the Indian Prime Minister

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2010

Authored "Fault Lines: How Hidden Fractures Still Threaten the World Economy"

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2010

Won the Financial Times/Goldman Sachs Business Book of the Year award

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2011

Served as president of the American Finance Association

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2012

Awarded an honorary doctorate degree by the London Business School

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2012-2013

Appointed as Chief Economic Adviser to India's Ministry of Finance

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2013-2016

Served as the 23rd Governor of the Reserve Bank of India

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2015

Became the Vice-Chairman of the Bank for International Settlements

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2016

Named in TIME's list of the '100 Most Influential People in the World'

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2015

Awarded an honorary doctorate degree by the Hong Kong University of Science and Technology

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2017

Authored "I Do What I Do"

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2019

Authored "The Third Pillar: How the State and Markets are leaving Communities Behind"

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2019

Awarded an honorary doctorate degree by the Catholic University of Louvain

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2019

Awarded 'Yashwantrao Chavan National Award 2018'

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2019

Authored "What the Economy Needs Now"

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2023

Authored "Breaking the Mould: Reimagining India's Economic Future"

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2023

Awarded an honorary doctorate by the London School of Economics

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About

Raghuram Govind Rajan was born on February 3, 1963, in Bhopal, Madhya Pradesh, India. His early life involved living in various countries due to his father’s work with the Intelligence Bureau and later the Research and Analysis Wing. He attended Delhi Public School, R. K. Puram, from 1974 to 1981, followed by the Indian Institute of Technology Delhi, where he earned a bachelor’s degree in electrical engineering in 1985. He then pursued a Post Graduate Diploma in Management (equivalent to an MBA) from the Indian Institute of Management Ahmedabad, graduating in 1987. Rajan continued his academic journey at the Massachusetts Institute of Technology, where he received a PhD in 1991 for his thesis “Essays on Banking,” which examined the evolving nature of financial systems.

Rajan began his academic career in 1991 as an assistant professor of finance at the Booth School of Business at the University of Chicago, becoming a full professor in 1995. His work has focused on banking, corporate finance, and economic development, significantly contributing to the understanding of financial institutions and their role in economic growth. He is particularly recognized for his prescient warnings about the risks in the financial system before the 2008 financial crisis, a topic he elaborated on in his 2010 book, “Fault Lines: How Hidden Fractures Still Threaten the World Economy.” In 2003, he was awarded the inaugural Fischer Black Prize by the American Finance Association for his significant contributions to finance.

From 2003 to 2006, Rajan served as the Chief Economist of the International Monetary Fund, becoming the youngest individual and the first from an emerging-market nation to hold this position. He returned to India as the Chief Economic Adviser to the Ministry of Finance from 2012 to 2013, before being appointed the 23rd Governor of the Reserve Bank of India, serving from 2013 to 2016. During his tenure at the RBI, he prioritized curbing inflation, which significantly decreased under his leadership. He also became the Vice-Chairman of the Bank for International Settlements in 2015. After completing his term at the RBI, Rajan returned to academia at the University of Chicago Booth School of Business, where he continues to contribute to economic discourse and research.

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