- LATEST
- WEBSTORY
- TRENDING
INDIA
India's new chief economic advisor is IIMA alumnus
Raghuram Rajan’s teachers say he is right choice to tackle current crisis.
Updated : Aug 01, 2012, 03:45 PM IST
TRENDING NOW
)
Aishwarya Rai rejected this film which made Karisma Kapoor superstar, movie became blockbuster, also starred...
)
Shilpa Shetty breaks down, Salman Khan cancels shoot; celebs rush to Lilavati hospital after Baba Siddique shot dead
)
Anushka Sharma shares FIRST photo of Akaay, Vamika to celebrate Virat Kohli's birthday
)
Aishwarya Rai's biggest flop was rejected by Priyanka Chopra, ruined director's career, didn't earn even Rs 10 crore
)
Meet Kartik Aaryan's 'sister', started career with 8 flops, then charged more than SRK, Salman, Aamir; quit films for...
)
Good news for Anil Ambani, another Reliance company becomes debt-free, prepays Rs 4850000000 crore to...
)
Amid divorce rumours, video of Abhishek Bachchan, Aishwarya Rai and Aaradhya dancing together goes viral
)
Mukesh Ambani, Nita Ambani's son Akash Ambani's favourite food is this dish that only costs only Rs 500
)
After Arjun Kapoor confirms his breakup with Malaika Arora, her statement goes viral: 'Somebody else out there is...'
)
Mukesh Ambani's SUPERHIT new plan for Jio users, offers 100 GB of free cloud storage for just Rs...
)
Meet actress who ruled box office in 1994, did 8 films in 1 year, competed with Akshay Kumar, Ajay Devgn, Govinda, now..
)
7 times Gandi Baat and XXX show actress Aabha Paul impressed fans on Instagram
)
Salman Khan worked in this film against everyone's will, called his character 'loser', made for Rs 10 crore, it earned..
)
Deepika Padukone makes first appearance with daughter Dua, Ranveer Singh twins with his baby girl; watch viral video
)
ED raids main vendors of Amazon, Flipkart across multiple cities, including Delhi, Mumbai due to...
At a time when the country is besieged by economic crisis, an Indian Institute of Management, Ahmedabad (IIM-A) alumnus is set to take the reins as chief economic advisor to the government of India.
A student of the 1987 post graduate diploma programme in management (PGP), Raghuram Rajan’s teachers describe him as very bright, not very aggressive and the most ideal candidate to take the economy to the next level.
Raghuram has to his credit the distinction of being the youngest and first alumnus to become chief guest and deliver the convocation address at the IIMA in 2005 when Bakul Dholakia was the director.
Born in Bhopal, Raghuram graduated from the Indian Institute of Technology (IIT) Delhi, before joining the IIMA. He later joined the Booth School of Business at the University of Chicago.
What will stand Raghuram in good stead is his experience as economic counsellor and director of research at the International Monetary Fund (IMF) between 2003- 2007.
“His interest in the economy was visible when he was a student. He had done academic work on issues of third world debt in developing countries under me. Though it was for only two credits, the work was a thorough one, like a PhD thesis,” Dholakia said, adding he has also done significant work during his stint at the IMF.
He said though Raghuram had a lot going for him in the US, his core interest lay in the Indian economy. Raghuram had been directly involved as an advisor for the last five years and was a frequent visitor at North Block from P Chidambaram’s time.
Dholakia says with his positive outlook and his in-depth knowledge of the reforms process, he is the right person for the job.
Another IIMA faculty, Professor Anil Gupta also spoke highly of him. “He was not very aggressive, but he had an independent mind,” said he.
President of the IIMA Alumni Association (Ahmedabad chapter) Nayan Parikh said Raghuram’s appointment is good news for the economy. “He knows the public as well as private sector functioning in and out. In such challenging times, he will be able to bring in the required reforms,” said he.
