Raghuram Rajan is an Indian economist with particular interest in the role of finance in banking and economic development.
Born in Bhopal, Madhya Pradesh in February 1963, Rajan showed academic potential as a child. He attended the Indian Institute of Technology in Delhi and studied for a degree in electrical engineering. After he graduated in 1985, he moved to the Indian Institute of Management in Ahmedabad and completed a two year postgraduate diploma in Business Administration. His ability then enabled him to complete his doctorate in management at the prestigious Massachusetts Institute of Technology (MIT).
Rajan began his career at the University of Chicago before starting work for the International Monetary Fund (IMF).He became the youngest economist to be appointed as Director of Research and Economic Counsellor for the IMF.
Whilst heading some work on financial reforms for the Indian government, Rajan was appointed as an honorary economic advisor to Manmohan Singh, the Indian Prime Minister, in 2008. In 2012, he became the Indian governments Chief Economic Advisor to the Ministry of Finance.
His expertise as an advisor enables him to work with many financial institutions, including Ita Unibanco Bank in Brazil, Booz and Co (a business consultancy), the Federal Deposit Insurance Corporation (FDIC) and BDT Capital (a merchant bank). He also acts as Comptroller General of the Federal Deposit Insurance Corporation and as a director of the Chicago Council on Global Affairs.
Rajan is a Professor of Finance at the University of Chicagos Booth School of Business, and a visiting professor for the Swedish Parliamentary Commission, the Federal Reserve Board and World Bank.
Rajan has been featured in numerous prestigious publications, including The Economist, The Guardian and Foreign Policy Magazine. He has also contributed to numerous academic journals concerning economics.
In 2009, Rajan wrote an article for The Economist in which he suggested methods of regulation which could help prevent future boom-and-bust economic patterns. His piece was met with wide approval from fellow economists.
Rajan's book Fault Lines: How Hidden Fractures Still Threaten the World Economy was the 2012 winner of the Financial Times and Goldman Sachs Business Book of the Year Award.
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