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Raghuram Rajan Wife: Who Is The Former Governor Married To?

Rani Dhiman

Raghuram Rajan Wife

The support that economist and former governor of the Reserve Bank of India Raghuram Rajan has shown for Rahul Gandhi has garnered national attention. Rumours were silenced by his involvement in the latest INC campaign. But who is Raghuram Rajan wife, do you know? Please scroll down to read everything there is to know about Raghuram Rajan wife!

Raghuram Rajan Wife And Family

India is the birthplace of American citizen Raghuram Rajan. He married Radhika Puri Rajan, whom he had met while both of them were students at IIM Ahmedabad. Radhika teaches law at the University of Chicago. Recently, he said in an interview that his wife would leave him if he joined politics:

Rajan’s elder brother works for a US solar company. In New Delhi, Rajan’s sister works as a French teacher for the Indian Administrative Service. Tata Sons’ Chief Ethics Officer and Brand Custodian was Mukund Rajan, Rajan’s younger brother.

Raghuram Rajan Wife And Family
Raghuram Rajan Wife And Family

Raghuram Rajan’s Childhood Years

On February 3, 1963, in Bhopal, Madhya Pradesh, Raghuram Rajan was born into a Tamil Brahmin family. His early schooling was at Delhi Public School in R. K. Puram. At the Indian Institute of Technology Delhi, he enrolled in the bachelor’s program in electrical engineering in 1981. He graduated in 1985 with the Director’s Gold Medal, given to the outstanding all-around student.

In 1987, he received a Master of Business Administration degree with a gold medal for academic excellence from the Indian Institute of Management Ahmedabad. After a brief period of employment as a management trainee at Tata Administrative Services, he departed to register for the doctoral program at the Massachusetts Institute of Technology’s Sloan School of Management.

The former governor received honorary doctorates from the Hong Kong University of Science and Technology in 2015, the London Business School in 2012, and the Catholic University of Louvain in 2019.

Career In Academics

In 1991, Rajan started his employment at the University of Chicago’s Booth School of Business as an assistant professor of finance. He received a full-time job offer in 1995. He has held visiting professorships at the Stockholm School of Economics, Kellogg School of Management, MIT Sloan School of Management, and Indian School of Business.

Rajan has written numerous articles on banking, corporate finance, growth and development, and organizational structures. According to the Research Papers in Economics project, he is one of the most important economists in the world and is ranked in the top 5% of writers.

Formulating Policies

The International Monetary Fund

American economist Anne Krueger recently read Rajan’s book Saving Capitalism from the Capitalists and got in touch with him as the first deputy managing director of the IMF at the time. Rajan set the stage for the inclusion of financial sector analysis in the IMF’s economic nation models. He was also in charge of an organization that assisted certain major economies in lowering the imbalances in their balance of payments.

Rajan led the Research Department, which made major contributions to a comprehensive review of the IMF’s medium-term strategy, looked at China’s and India’s development and integration into the global economy, and tried to bring modern modelling and exchange rate assessment techniques into the IMF’s consultations with member countries. He was also inducted into the key advisory panel:

The Indian Government’s Economic Advisor

Rajan was invited to write a report in 2007 detailing the next round of financial sector reforms in India by Montek Singh Ahluwalia, the deputy chairman of the Planning Commission at the time. Indian Prime Minister Dr. Manmohan Singh designated Rajan as an honorary economic adviser in November 2008, a role that entailed Rajan drafting policy notes at Singh’s request.

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On August 10, 2012, Rajan took over as the Indian Ministry of Finance’s main economic adviser, replacing Kaushik Basu. The 2012–2013 Economic Survey of India was also authored by him.

Reserve Bank Of India

The announcement was made on August 6, 2013, that Rajan Subbarao would follow him as the Governor of the Reserve Bank of India for a three-year tenure. Following his appointment as the 23rd governor on September 5, 2013, he left the University of Chicago Booth School of Business.

In his first speech as governor of the Reserve Bank of India, Rajan promised to implement financial reforms and relax regulations on international banking.  The outcome was a gain of 333 points, or 1.83%, on the BSE SENSEX. Following his first day in office, the rupee gained 2.1% versus the US dollar.

Reducing inflation was Rajan’s top priority as governor of the Reserve Bank of India. He succeeded in bringing it down from 9.8% in September 2013 to 3.78% in July 2015, the lowest level since the 1990s. He stated that banks were in horrible condition when he first became the governor:

Rajya Sabha MP Subramanian Swamy claimed that throughout his tenure, Rajan has raised lending rates at the expense of small and medium-sized enterprises. He further claimed that Rajan had been sending private and sensitive financial information via his University of Chicago unsecured personal email account. However, Rajan countered that responding to them would be the same as confirming the allegations, which are baseless and fundamentally incorrect.

Rajan decided to return to academics after serving as RBI Governor on June 18, 2016. In September 2017, Rajan disclosed that, although he was eager to accept an extension, he had received no offers from the government, and that, thus, he had no option but to return to the University of Chicago.

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