Raghuram Rajan: “I have a very good job at the University of Chicago, and I am actually an academic, not a professional central banker. So I’m very happy where I am.”
Firebrand economist Raghuram Rajan, also the former governor of the Reserve Bank of India, found himself making headlines again, as fake news claiming his ‘new appointment’ started doing the rounds of the Internet.
Raghuram Rajan, an IIT and IIM alumnus, is now the Katherine Dusak Miller Distinguished Service Professor of Finance at Chicago Booth.
“I think the comparison is often made between India and China. That is a comparison which to some extent is unfair to India. They are two very different countries,” Raghuram Rajan said.
Former Reserve Bank of India Governor Raghuram Rajan on Wednesday said India was poised to chart a higher growth path and stay there provided it does not go down the autocratic path along the way.
“We need to learn to respect universities as places where ideas are debated, where you don’t shout down the other side or call them anti-national,” Rajan said.
“We need to learn to respect universities as places where ideas are debated, where you don’t shout down the other side or call them anti-national,” former RBI governor Raghuram Rajan said.
“The fears are largely around jobs. Even in the industrialised world, where the education level is high, there are fears that people will not have the income to enjoy all the bounty technology offers,” he said.
Raghuram Rajan, currently a professor of finance at the University of Chicago Booth School of Business, was one of the keynote speakers at the #future digital summit organised with the support of the Kerala government to pave the way for the state’s digital future.
Without naming any country, Raghuram Rajan said the West must realise that their population is ageing and the demand for their products would mostly come from the emerging world.
Rajan made these comments referring to rising populist nationalism and also agitation by powerful communities, including Patidar community in Gujarat which is feeling discriminated and is seeking reservation in jobs.
Apart from Rajan, the party is also looking for an eminent jurist and a known person from the field of social service for the other two seats, the leader said.
According to Clarivate, Raghuram Rajan is considered a candidate for his “contributions illuminating the dimensions of decisions in corporate finance”.
After his exit created a furor, quarters close to the govt had stated that Rajan was offered a two-year extension but problem was his inability to get a further extension of leave of absence from the Chicago University without losing his valuable tenure.
“So long as PSU banks are primarily governed by a board having the ability to change the management… the government via the ministry has dual governance without responsibility,” said Rajan.