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Raghuram Rajan • Chief Economic Advisor to FM

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Raghuram Govind Rajan, Chief Economic Advisor to Finance Ministry, GOI
Raghuram Govind Rajan, Chief Economic Advisor to Finance Ministry, GOI

Introduction

  • Raghuram Govind Rajan was born in Bhopal in 1963 to a Tamil Family.
  • In 1985, Raghuram Rajan graduated from the Indian Institute of Technology, Delhi with a bachelor’s degree in electrical engineering.
  • Raghuram Rajan completed the Post Graduate Diploma in Business Administration at the Indian Institute of Management Ahmedabad in 1987.
  • Raghuram Rajan received a PhD in management from the Massachusetts Institute of Technology (MIT) in 1991 for his thesis titled “Essays on Banking”.
  • Raghuram Rajan formerly served as the president of the American Finance Association and was the chief economist of the International Monetary Fund (IMF).
  • Raghuram Rajan also serves as Eric J. Gleacher Distinguished Service Professor of Finance at the Booth School of Business at the University of Chicago.
  • Raghuram Rajan is also a visiting professor for the World Bank, Federal Reserve Board, and Swedish Parliamentary Commission.
  • In 2003, Raghuram Rajan won the Fischer Black Prize awarded by the American Finance Association for contributions to the theory and practice of finance by an economist under age 40. He was awarded the fifth Deutsche Bank Prize for Financial Economics 2013 on 26 September 2013 for his “ground-breaking research work which influenced financial and macro-economic policies around the world”.

Engagements with Government of India

  • Raghuram Rajan’s previous work with the Indian government includes his work at the Planning Commission-appointed committee on financial reforms, and as honorary economic adviser to Prime Minister Manmohan Singh.
  • Raghuram Rajan replaced Kaushik Basu to be the new Chief Economic Advisor to the Finance Ministry, Government of India.
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