NEW DELHI: Noted economist Raghuram G Rajan has been appointed the Honorary Economic Adviser to Prime Minister Manmohan Singh.
Appointment of Rajan, a former chief economist of the International Monetary Fund and now a professor of finance at University of Chicago, comes at a time when India, like most of the world economies, is grappling with the impact of the global credit crisis.
"Rajan will hold the rank and status of Secretary to the Government of India," a PMO release said here.
Rajan, has taught at Northwestern University, MIT, and the Stockholm School of Economics.
The Prime Minister is also assisted by an Economic Advisory Council, headed by Suresh Tendulkar.
