Important Points you should know about the New RBI Governor Raghuram Rajan
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- He is the 23rd governor of the Reserve Bank of India.
- He did his bachelor's in electrical engineering from IIT-Delhi, his MBA ifrom the Indian Institute of Management, Ahmedabad (IIM A), followed by a PhD from Massachusetts Institute of Technology. He was a gold medalist at both IIT and IIM.
- He is of 50 years and is from Bhopal, India.
- He formerly served as the president of the American Finance Association and also worked as the chief economist of the International Monetary Fund (IMF). He was also appointed as the Chief Economic Adviser to the
- Finance Ministry in August last year.
- He is the author of the popular book Fault Lines: How Hidden Fractures Still Threaten the World Economy, where he has argued that serious flaws in the economy are to blame for the current economic crisis, and warns that a potentially more devastating crisis awaits us if they aren't fixed.
- He was honored with Fischer Black Prize in 2003 and Financial Times and Goldman Sachs Business Book of the Year Award in 2010.
- He is the 2nd youngest governor of RBI.
- He joins the RBI when India is facing one of its most challenging times in years.