Former RBI Governor Raghuram Rajan pens book on his RBI Tenure– Mr. Raghuram Rajan took charge as 23rd Governor of the Reserve Bank of India in September 2013. At that time Indian economy was facing its hard time. Inflation was high, exchange reserves were falling, the rupee was weak internationally and consequences led India to have a large current account deficit.
His book is a collection of essays, speeches and gained experiences during his tenure as RBI’s 23rd Governor. In his book, Mr. Raghuram Rajan explained economic concepts, his efforts to stabilize a failed market on different measures. Speculators saw crisis and India labeled among one of the Fragile Five economies. He also expressed his views on issues of tolerance, the connection between political freedom and prosperity.
The book will be available in stores by 4th September 2017. This is not the first book for him. His book ‘Fault Lines: How Hidden Fractures Still Threaten the World Economy’ awarded with the Financial Times-Goldman Sachs prize as best business book. He also co-authored “Saving Capitalism from the Capitalists” with Luigi Zingales.
Former governor’s book also gives a strong message about the strength of India and its well-established institutions. Currently, India is progressing in the leadership of his 14th Prime Minister Narendra Modi. Various reforms, ongoing digital programs, and initiative pave the way for future India.
In a statement, HarperCollins said “Rajan outlined a vision that went beyond the immediate crisis to focus on long-term growth and stability, thus restoring investor confidence. Boldness and farsightedness would be characteristic of the decisions he took in the ensuing three years,”
Mr. Raghuram Rajan explained economic concepts on dosa nomic’s, debt relief in a real and adaptive way. Besides this, he tackled with key issues that are not mentioned and taught in any banking manual but i.e. essential for any growing economies. He played a major role in connecting rural India with the banking system. Opening Payments bank in Rural India was his one of the best decisions. Mr. Rajan is well famous for his audacious decisions as RBI Governor. Besides his professional career, he is a great personality as well.
Raghuram Govind Rajan
Raghuram Govind Rajan (conceived 3 February 1963) is an Indian financial analyst who is the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. He was the 23rd Governor of the Reserve Bank of India between September 2013 and September 2016. In the vicinity of 2003 and 2006, Rajan was the Chief Economist and Director of Research at the International Monetary Fund. In 2015, amid his residency at the Indian Reserve Bank, he additionally moved toward becoming Vice-Chairman of the Bank for International Settlements.
At the Federal Reserve yearly Jackson Hole meeting in 2005, Rajan cautioned about the developing dangers in the money related framework and proposed arrangements that would decrease such dangers. Previous U.S. Treasury Secretary Lawrence Summers called the notices “misinformed” and Rajan himself a “luddite”. Be that as it may, following the 2008 monetary emergency, Rajan’s perspectives came to be viewed as judicious and he was broadly met for the Oscar-winning narrative Inside Job (2010).
In 2003 Rajan got the inaugural Fischer Black Prize, given at regular intervals by the American Finance Association to the budgetary financial analyst more youthful than 40 who has made the most critical commitment to the hypothesis and routine with regards to fund. His book, Fault Lines: How Hidden Fractures Still Threaten the World Economy, won the Financial Times/Goldman Sachs Business Book of the Year grant in 2010. In 2016, he was named by Time (magazine) in its rundown of the ‘100 Most Influential People in the World’.