Write the biographical sketch of Raghuram Rajan, former Governor of RBI, in
your own words in not more than 100-120 words. Clues have been given:
Former governor-RBI-23rd-born February 3, 1963- Bhopal, Madhya Pradesh – Tamil
family – father was senior bureaucrat – graduate from IIT Delhi in 1985- management
degree from IIM- Ahmedabad in 1987-doctoral degree in 1991 from MIT-HKUST
(Hongkong University of Science and Technology)-vegetarian-loves swimming,
squash, tennis, running-married to Radhika Puri-she is a lecturer of law-at Chicago
Law School-he served as the Chief Economic Advisor to Finance Ministry- was the
youngest Chief Economist- at IMF in 2003 – prestigious awards- Fischer Black Prize-
Best Central bank Governor Award-Deutsche Bank Prize for financial economics.
Answers
Answer:
Raghuram Govinda Rajan (born 3 February 1963) is an Indian economist and the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. Between 2003 and 2006 he was Chief Economist and Director of Research at the International Monetary Fund.[3] From September 2013 through September 2016 ,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.
At the Federal Reserve annual Jackson Hole conference in 2005, Rajan warned about the growing risks in the financial system and proposed policies that would reduce such risks. Former U.S. Treasury Secretary Lawrence Summers called the warnings "misguided" and Rajan himself a "luddite".[6] 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'.