Passion Stories

Raghuram Rajan, a distinguished economist and former Governor of the Reserve Bank of India, has a passion story rooted in academic excellence, economic insight, and public service. Born on February 3, 1963, in Bhopal, India, Rajan exhibited an early aptitude for mathematics and economics.

His journey in the field of economics began with stellar academic achievements, earning a gold medal for his Bachelor's degree in Electrical Engineering from the Indian Institute of Technology, Delhi. Rajan pursued his postgraduate studies at the Indian Institute of Management, Ahmedabad, and later earned a Ph.D. from the Massachusetts Institute of Technology (MIT) in the United States.

Raghuram Rajan's passion for understanding economic dynamics led him to become a renowned economist. His groundbreaking research, particularly on financial crises and banking, earned him recognition in academic circles. His work at the University of Chicago's Booth School of Business solidified his reputation as a thought leader in economics.

However, Rajan's passion extended beyond academic pursuits. In 2003, he joined the International Monetary Fund (IMF) as the Chief Economist and Director of Research, where he provided valuable insights into global economic issues. His foresight and early warnings about the risks in the financial system before the 2008 global financial crisis showcased his commitment to addressing economic challenges.

In September 2013, Raghuram Rajan assumed the role of the 23rd Governor of the Reserve Bank of India. During his tenure, he implemented various reforms aimed at stabilizing the Indian economy and strengthening the banking sector. His policies focused on inflation targeting, exchange rate stabilization, and financial inclusion.

Rajan's passion for economic stability and financial reforms often placed him in the spotlight. Despite facing criticism and challenges, he remained steadfast in his commitment to sound economic principles and effective policymaking. His tenure at the Reserve Bank of India left an indelible mark on the country's economic landscape.

Beyond his official roles, Rajan's passion for economics and public service is evident in his writings, including books like "Fault Lines: How Hidden Fractures Still Threaten the World Economy." Through his academic contributions, advisory roles, and leadership positions, Raghuram Rajan's passion for economics continues to shape conversations and policies, both in India and on the global stage.