Raghuram Govind Rajan, Chief Economic Advisor in the Finance Ministry, will take over as the new RBI Governor today at a time when Indian Economy is struggling to find its rhythm. Rajan took charge from Duvvuri Subbarao. He will be at the helm for three years.
Raghuram Rajan (50), is an alumnus of Indian Institute of Technology (IIT) in New Delhi, the Indian Institute of Management (IIM) at Ahmedabad and the Massachusetts Institute of Technology. He secured gold medals at all the above institutes and became the youngest Economic-Counsellor and Chief Economist at the IMF. He held the post from October 2003 till December 2006.
Rajan joined the Union Finance Ministry as the Economic Advisor in August 2012. And, just one year later, he got the nod to lead Reserve Bank of India, which formulates India’s economic and banking policy.
“We have enough ideas. It is not just the currency, it is financial inclusion, it is growth. I think there is a lot to do,” he said two days before his appointment as the RBI Governor.