Raghuram Rajan, Man Behind Major Reforms In India, Soon To Be Ex Governor Of RBI

“The Man Who’s made Indians Richer”, who made Indian currency with a sharp recovery over the time,the man who is behind the great fortune of Indian economy, “Raghuram Govind Rajan”, he is the 23rd Governor of the Reserve Bank of India. 
One of the youngest governors, Rajan shares a common factor with India’s former Prime Minister Manmohan Singh, who was also 50 years old when he became the RBI governor. RBI plays a very important role in indian stocks market and with the recovery pf outstanding debts. And Ranjan has done it as the way it was expected. We are losing one of the most skillful financial economic thinkers in the world. It is sad for the country and it is sad for the government of the country too. 
Yes he is one of those guys who actually knew their job. So India will be missing the way with which he controlled our economy…

 

 

1. Raghuram Rajan was born on 3 February 1963 in Bhopal, Madhya Pradesh in a Tamil family. He is the third of four children of R Govindarajan, an Indian Police Service officer who topped his 1953 batch. His father was a senior officer in the Intelligence Bureau, India.

 

 

2. Rajan attended Delhi Public School, RK Puram, In 1981 he enrolled at Indian Institute of Technology, Delhi for a bachelor’s degree in electrical engineering. An IIT Delhi graduate, he acquired a Post Graduate Diploma in Business Administration from IIM, Ahmedabad in 1987. He won the Director’s Gold Medal in IIT Delhi and was a Gold medalist at IIM Ahmedabad.

 

 

3. Rajan was appointed as the youngest ever Economic Counselor and Director of Research (chief economist) at the International Monetary Fund (IMF) from October 2003 to December 2006.

 

 

4. In 2010 and 2012, he was featured on the Foreign Policy magazine’s Top 100 Global Thinkers list. In a 2011 poll in The Economist, Rajan was ranked by his peers as the economist with ‘the most important ideas for a post-crisis world’.

 

 

5. In 2012, he was awarded honorary doctorate degree by London Business School and in 2015, was again awarded honorary doctorate degree by Hong Kong University of Science and Technology.

6. On September 5, 2013, Rajan took charge of India’s central banking institution, succeeding Duvvuri Subbarao.

 

 

7. He successfully brought down retail inflation to 3.78 percent in July 2015 from 9.8 percent in September 2013, which was the lowest since the 1990’s.

 

 

8. Rajan is conferred with the prestigious Governor of the Year Award 2014 from London-based financial journal Central Banking.

 

 

9. With an aim to extend banking services to nearly two-thirds of the population who are still deprived of banking facilities, two universal banks have been licensed under Rajan and eleven payment banks have been given the nod.

 

 

10. “I am an academic and I have always made it clear that my ultimate home is in the realm of ideas,” Rajan wrote to his staff.  People who worked with him and reporters who shadowed Rajan’s every move were not surprised. As the new RBI Governor is already assigned we wish R.G Rajan  the best for his future.