Raghuram Rajan is India’s newly appointed Chief Economic Adviser to the Prime Minister’s office. He formerly served as the president of the American Finance Association and was the chief economist of the International Monetary Fund.
Raghuram Rajan was one of the economists who predicted the 2008 financial crisis. As early as 2005, Rajan delivered a controversial paper that was critical of the financial sector, warning that what looked like a booming economy was based on extremely risky financial practices. The response to Rajan's paper at the time was negative. However, following the 2008 economic crisis, Rajan's views came to be seen as prescient.
He graduated from the Indian Institute of Technology with a bachelor's degree in electrical engineering, and he completed the Post Graduate Diploma in Business Administration at the Indian Institute of Management Ahmedabad. He received a PhD in management from the Massachusetts Institute of Technology (MIT).
Rajan is expected to be next RBI Governor of India.