Raghuram Rajan

Date of Birth: February 3, 1963

Zodiac Sign: Aquarius

Date of Death: *Raghuram Rajan is alive.*

Biography

Raghuram Govind Rajan is an Indian economist and the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. He is best known for his tenure as the 23rd Governor of the Reserve Bank of India (RBI) from September 2013 to September 2016. Rajan was born in Bhopal, India, and his father was a senior officer in the Indian Intelligence Bureau. After completing his engineering degree from the Indian Institute of Technology Delhi in 1985, Rajan pursued an MBA from the Indian Institute of Management Ahmedabad, and later received his Ph.D. in Economics from the Massachusetts Institute of Technology (MIT). Rajan’s academic work has often focused on banking, corporate finance, and economic growth. Before joining the RBI, he served as the Chief Economist and Director of Research at the International Monetary Fund (IMF) from 2003 to 2006. During his term at the RBI, Rajan implemented significant reforms to stabilize and improve India’s economy, earning him international acclaim. He has authored several books, including “Fault Lines: How Hidden Fractures Still Threaten the World Economy,” which won the Financial Times and Goldman Sachs Business Book of the Year Award in 2010.

5 Interesting Facts about Raghuram Rajan

1. Raghuram Rajan accurately predicted the 2008 global financial crisis during a speech at the annual Jackson Hole conference in 2005.

2. He served as the youngest Chief Economist at the International Monetary Fund (IMF) at the age of 40.

3. Rajan introduced the concept of “Make in India,” aiming to turn India into a global manufacturing hub.

4. He was awarded the Fischer Black Prize by the American Finance Association in 2003, given biennially to a financial economist under the age of 40.

5. Rajan is a member of the Group of Thirty, an international body of leading financiers and academics.

5 Most Interesting Quotes from Raghuram Rajan

1. “The idea that you can grow at 9 percent every year for the next 20 years is an impossible dream. No country in the world has done that.”

2. “In the land of the blind, the one-eyed man is king.”

3. “What you need is a more nuanced approach to understanding the world and not a one-size-fits-all approach.”

4. “We must strengthen the system by building buffers and reducing vulnerabilities rather than waiting for the next crisis to hit.”

5. “Good intentions do not necessarily make good policy.”

Highest Net Worth Achieved

Raghuram Rajan’s highest net worth has been estimated to be around $10 million, primarily accumulated through his academic positions, book sales, and roles in international financial institutions.