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Raghuram Rajan

Senior Fellow

Raghuram Rajan is a senior fellow at the Hoover Institution and is the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago's Booth School.

Prior to that, he was the twenty-third governor of the Reserve Bank of India from 2013 to 2016, as well as the vice chairman of the board of the Bank for International Settlements from 2015 to 2016. He was the chief economist and director of research at the International Monetary Fund from 2003 to 2006. Rajan’s research interests are in banking, corporate finance, and economic development, especially the role finance plays in it. His latest book, The Third Pillar: How Markets and the State Leave the Community Behind, was released on February 2019 by Penguin Press. He coauthored Saving Capitalism from the Capitalists with Luigi Zingales in 2003. He then wrote Fault Lines: How Hidden Fractures Still Threaten the World Economy, for which he was awarded the Financial Times-Goldman Sachs prize for best business book in 2010. Rajan was the president of the American Finance Association in 2011 and is a member of the American Academy of Arts and Sciences and the Group of Thirty.

In January 2003, the American Finance Association awarded him the inaugural Fischer Black Prize for the best finance researcher under the age of forty. The other awards he has received include the global Indian of the year award from NASSCOM in 2011, the Infosys prize for the Economic Sciences in 2012, the Deutsche Bank Prize for Financial Economics in 2013, and Euromoney magazine’s Central Banker of the Year Award 2014.

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Recent Commentary

In the News

Raghuram Rajan Says Migrant Workers Need Money For Vegetables, Cooking Oil, Shelter; Foodgrains Not Enough

featuring Raghuram Rajanvia Live Mint
Thursday, May 21, 2020

Calling India's ₹20.9 lakh crore stimulus inadequate in providing for recovery of an economy pummelled by covid-19, former RBI Governor Raghuram Rajan has said the package gives free foodgrains but migrant workers, rendered jobless by lockdown, need money to buy milk, vegetables and cooking oil and pay rent.

In the News

Rahul Gandhi And Raghuram Rajan Discussed Economic Situation In India Via Youtube

featuring Raghuram Rajanvia India Herald
Monday, May 18, 2020
RBI governor Raghuram Rajan to discuss the economic crisis looming over India due to the ongoing lockdown and measures to tackle the problem.
In the News

The Hardworking Dr. Raghuram Rajan And The Story Of A Gold Import Circular

featuring Raghuram Rajanvia The Northlines
Monday, May 18, 2020

This is an article of appreciation for the brilliant Dr. Raghuram Rajan. Here are just three reasons why he is so awesome. I’m in love. 


Raghuram Rajan: How COVID-19 Has Changed The Global Economy

interview with Raghuram Rajanvia University of Chicago News
Monday, May 11, 2020

Hoover Institution fellow Raghuram Rajan joins a panel to discuss COVID-19 and what recovery might look like in the wake of a pandemic.

In the News

Raghuram Rajan Clears The Air On How To Fund Stimulus

featuring Raghuram Rajanvia The Times of India
Saturday, May 9, 2020

The coronavirus crisis has crippled the economy and there’s little choice for the government but to provide a stimulus to revive demand.


'Debt Monetisation Should Not Constrain Govt Spending,' Says Raghuram Rajan

interview with Raghuram Rajanvia Business Today
Friday, May 8, 2020

Hoover Institution fellow Raghuram Rajan says that debt monetization or printing of notes should not be a constraint on government spending today.

InterviewsBlank Section (Placeholder)

Raghuram Rajan: Lockdown Can’t Last Forever, Need To Cleverly Manage Reopening

interview with Raghuram Rajanvia India Today
Thursday, April 30, 2020

Hoover Institution fellow Raghuram Rajan said the Covid-19 lockdown cannot last forever and India needs to be “clever” about the reopening.


Raghuram Rajan On Coronavirus Lockdown Impact On Economy

interview with Raghuram Rajanvia Times Now News
Tuesday, April 28, 2020

Hoover Institution fellow Raghuram Rajan talks about the coronavirus lockdowns and its impact on the Indian Economy and how to restart the economy after the pandemic. 


Raghuram Rajan's 3-Point Plan To Get India Out Of The Coronavirus Grip

interview with Raghuram Rajanvia The Economic Times
Saturday, April 25, 2020

Hoover Institution fellow Raghuram Rajan discusses a plan to restart India's economy.

In the News

Raghuram Rajan Cautions Against Giving Communal Colour To Coronavirus

featuring Raghuram Rajanvia Economic Times (India)
Wednesday, April 22, 2020

Despite rebound in economic activities in H2 of 2020, global growth will still be negative this year, he said.