Raghuram Rajan holds one of the most powerful posts in India – Governor of the central banking institution, Reserve Bank of India. Here are some of the worth-knowing milestones about this great personality:
1. Raghuram was born on 1963 in Bhopal, Madhya Pradesh in a Brahmin Tamilian family. His father was a senior officer in the Intelligence Bureau of India.
2. Rajan studied in Delhi Public School, RK Puram and then graduated from the Indian Institute of Technology, Delhi with a bachelor’s degree in Electrical Engineering in 1985.
In 1987, he acquired a post graduate diploma in Business Administration from the Indian Institute of Management, Ahmadabad.
3. Rajan also received a PhD degree in Management from the MIT Sloan School of Management in 1991 for his hypothesis titled ‘Essays on Banking’.
Besides this, he also won Director’s Gold Medal in IIT Delhi and was also a Gold medalist at IIM Ahmedabad.
4. Raghuram took charge of India’s central banking institution on 5 September, 2013.
During his previous years, he served as chief economic adviser to India’s Ministry of Finance and was chief economist at International Monetary Fund from 2003 to 2007.
5. Raghuram was credited for predicting the huge financial crisis of 2008.
6. In a 2011 poll in ‘The Economist’, Rajan was called the economist with “the most important ideas for a post-crisis world”.
7. Rajan admitted he is not fluent in Hindi and started learning the national language in Class 7.
He also shared his future plans to master the language soon.
8. In his first speech as RBI Governor, Raghuram Rajan promised banking reforms and eased curbs on foreign banking.
During that time, the sensex rose by 333 points or 1.83%. The rupee rose by 2.1% against the dollar after his first day in office.
9. Rajan is married to his classmate from IIM Ahmadabad, Radhika Puri Rajan, and the couple is blessed with a daughter and a son.
10. Rajan was enthusiastic about quizzes since his childhood and he had appeared in quiz shows several times on national television with some of his friends in the 1980s.
11. In 2014, it was suggested that Rajan could take over from Christine Lagarde as next head of the IMF when Lagarde would step down in 2016.