He has come a long way from his IIT and IIM days
Rajan embarks on an academic career as an Assistant Professor at Booth School of Business at the University of Chicago.
Rajan takes charge as the Chief Economist at the International Monetary Fund. He pens the book ‘Saving Capitalism from the Capitalists: Unleashing the Power of Financial Markets to Create Wealth and Spread Opportunity’ in collaboration with Luigi Zingales, another finance professor.
He puts forth his analysis of the global economies in 2005 in a paper titled ‘Has Financial Development Made the World Riskier?’ Initially, the paper attracts much criticism but after the financial crisis of 2008, many concur with his views.
In November, he becomes an Economic Advisor to the Prime Minister’s Office, India.
Rajan authors ‘Fault Lines: How Hidden Fractures Still Threaten the World Economy’.
In August, he joins the Ministry of Finance as Chief Economic Advisor.
On September 5, he is appointed as the Governor of the Reserve Bank of India.
He takes charge as the Vice Chairman of the Bank for International Settlements.
In October, Rajan re-joins Booth School of Business as the Katherine Dusak Miller Distinguished Service Professor of Finance.