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I Do What I Do

Raghuram G. Rajan

4.03 · Rating details · 1,672 ratings · 177 reviews

When Raghuram G. Rajan took charge as Governor of the Reserve Bank of India in September 2013, the rupee was in free fall, inflation was high, India had a large current account deficit and India’s exchange reserves were falling. As measure after measure failed to stabilize markets, speculators sensed a full-blown crisis and labelled India one of the Fragile Five economies. ...more

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Hardcover, 344 pages

Published August 1st 2017 by HarperCollins India

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Sep 04, 2017 Bala Krishna rated it really liked it

One of the most anticipated Economic Book of the year, especially coming from an Ex-RBI governor and one who left RBI just before the Demonetization. As the sensation loving media, repeatedly asked Mr. Rajan's take on Demonetization and his eventual silence had lead up to anticipation that this book may hold some necessary answers.

There is a wide spread rumor in media and general public that, Raghuram Rajan was removed by the government (Which is not true!) and installed a Gujarat Cadre Civil S ...more

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Aug 03, 2020 Nidhi Kaushik rated it liked it

Since Mr. Rajan resigned from the RBI just before the demonetization, I thought this book will take the lid off of why did he leave six months before the completion of his term of office.
However, Media and TV channels actually was dishing the dirt on making everything way too shady.

Anyway, the book is actually a compilation of his speeches given by him on various colloquiums.
He talks about Monetary Policies, inflation, competitive markets, investments, demonetisation, banking sector, mutual fu ...more

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Sep 17, 2017 Sankarshan rated it liked it

An almost expected collection of speeches but this time with more context around events leading up to those and beyond. I wonder why it wasn't reviewed/released as such and instead the media hype was it was a "tell-all". If you subtract that expectation and attempt to find some time to read and learn from Rajan; understand his perspective, this is a good read to have. ...more

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Oct 26, 2020 S.Ach rated it really liked it

Shelves: business-management-economics

I have been a big fan of Raghuram Rajan for two reasons a) He comes across as a rock-star economist, unlike many other influential yet boring professionals of his field, b) one of my friends was his student in Chicago University, and had told me how inspiring a professor he was and told me how he conducted his lectures. So, when I saw the title of the book, I picked it up, assuming it would be his autobiography, his intellectual journey. Rather it turned out to be mostly his speeches during his I have been a big fan of Raghuram Rajan for two reasons a) He comes across as a rock-star economist, unlike many other influential yet boring professionals of his field, b) one of my friends was his student in Chicago University, and had told me how inspiring a professor he was and told me how he conducted his lectures. So, when I saw the title of the book, I picked it up, assuming it would be his autobiography, his intellectual journey. Rather it turned out to be mostly his speeches during his RBI tenure, and some of the write ups, providing context to each of the pieces.

Rajan divides the book in to three sections RBI days, Global Financial Crisis and Occasional Pieces. I would rather divide the book into three sections
a) The stuff I understood - These are the most brilliant parts of the book. Rajan covers the role of RBI (core purposes of the RBI: to foster monetary and financial stability conducive to sustainable economic growth, and to ensure the development of an efficient and inclusive financial system), the reasons behind the decision of increasing the repo rates ( The best way for the central bank to generate growth in the long run is for it to bring down inflation. By raising interest rates, the RBI causes banks to raise rates and thus lowers demand; firms do not borrow as much to invest when rates are higher and individuals stop buying durable goods against credit and, instead, turn to save. Lower demand growth leads to a better match between demand and supply, and thus lower inflation for the goods being produced, but also lower growth.), (geo-)political economics and his famous Dosanomics. I felt smarter and more informed after I read those stuff.
b) The stuff I didn't understand -- Detailed analysis of certain policies and its implications, and some takes on global and local economies with jargons that only an informed student of economics can understand. Obviously, these talks intended towards highly qualified economists, bankers etc with prior education in finance and commerce, and not dummies like me.
c) The stuff I don't care -- These are the directives and explanations that are relevant for RBI workers, and bankers. I neither understood nor I cared.

Majority portion of the book comprises of the speeches during Rajan's RBI days, and I can understand, he had to maintain a fine balance while tightrope walking without being too critical of the government and at the same time, preserving the independence of RBI. However, in doing so in order to avoid unnecessary conflicts, I believe, a man with the knowledge and experience of Rajan, would do little justice to the honest evaluation of current fiscal policies and execution of the government in power. For example, the biggest fiscal decision taken by the Government just after Rajan's tenure, (demonetization, of course) he is more or less silent. ...more

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Sep 03, 2018 Anil Swarup rated it it was amazing

An outstanding offering by way of speeches and articles by a man who was perhaps the only person who predicted the 2008 meltdown. The analyses of the problems that beset Indian Economy, his diagnosis and the prescription are fairly precise and logical . The reader can also discern authors yearning to bring about a change but it is indeed ironical that Raghuram Rajan couldn't really get things moving. Makings things happen in India is a different ball game and perhaps Rajan was not adept at it. T ...more

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Oct 12, 2017 Hrishikesh rated it really liked it

An excellent read. The book gives you a great insight into how the mind of a central banker workers. A collection of speeches, essays and "random pieces" by RR, this collection gives an excellent perspective into how the RBI plays a pivotal role in managing the nation's economy. The part where the genius of Raghuram Rajan really stands out is when he is commenting on the global economy. Minor point - some speeches or comments by Rajan, when taken out of context, have proven to be quite controver ...more

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Sep 05, 2017 Gunjan Rani is currently reading it

I was so ecstatic to see that Raghuram Rajan Sir has launched a book that I couldn't abstain myself from preordering it on 3rd September. The book is due to be delivered today.
I belong to Science Stream and to be honest, my understanding of world or my eyes to see the economical world are little weak. I had to start with some book on economics to have better insight of it. I can't believe my luck that I am starting with Sir Raghuram Rajan's book. ...more

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May 20, 2018 Pradeep Rajiv rated it it was amazing

the book was an epitome of economics that is relevant to all indians. The intention to impart this knowledge in these troubled economic and political times is truly appreciated. my sense and understanding of concepts like fiscal Prudence, bank repo rates and their implications on common Man and day today life has improved by leaps and bounds. Thanks a ton Raghuram Rajan :-)

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Sep 27, 2018 Arun Divakar marked it as to-read

Shelves: abandoned

Two topics I repeatedly try to read and fail to make headway into are economics and quantum mechanics. It was my hubris to believe that this rut would get changed by this book but no it didn’t.

Economics still eludes me. Another time !

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Oct 28, 2017 Monotosh Das rated it really liked it

Shelves: non-fiction

During his tenure as RBI Governor, Dr. Raghuram Rajan had delivered many lectures on state of the economy including role of the RBI, controlling inflation, problem of NPA in banks. This book assembles some of those speeches along with few articles on global financial crisis and other relevant topics.

In spite of being a collection of articles, it is highly readable for most parts and well organized, especially first six chapters which articulates aim of the RBI during his tenure. Admittedly I di During his tenure as RBI Governor, Dr. Raghuram Rajan had delivered many lectures on state of the economy including role of the RBI, controlling inflation, problem of NPA in banks. This book assembles some of those speeches along with few articles on global financial crisis and other relevant topics.

In spite of being a collection of articles, it is highly readable for most parts and well organized, especially first six chapters which articulates aim of the RBI during his tenure. Admittedly I didn't completely understand the sections which were too technical on finance, but it did generate curiosity and conveyed his core ideas. I wish he had spent more pages on macroeconomics, because when he did the clarity of thoughts was evident.

Dr. Rajan clearly points out reason behind controlling inflation as a priority and how he achieved it. Although the NPA problem of the banks could not be solved, he suggests specific measures.

Another important highlight is importance of data in his recommendations. One drawback of this book is lack of references to either validate the claims or as starting point for further study.

It can be argued that Dr. Rajan has focused only on growth under any condition and inequality seldom deserved his attention. In fact a reference to to the book - "Capital in twenty first century" by Thomas Piketty is made only to make us aware that there is growing concerns against global finance.

This leads to a world where everything can be solved by free market and deep rooted financial institutions. Even if it results in immense inequality, let it be, at least according to Dr. Rajan. If that inequality causes political problem leading to crisis at the top of the structure of market economics, then it is a problem which needs to be addressed.

Dr. Rajan was one of the few economists who had predicted global financial crisis. But in a later chapter he argues - everyone was responsible for it - govt., people who borrowed, financial institutions and the banks. However he didn't mention that maximum cost was put on the shoulders of the people.

In order to disregard Keynesian economics, Dr. Rajan says growth in global economy during 1950 - 60s was due to "broader use of technologies such as electricity" among others things. In an otherwise well written book which is well balanced, this could have been avoided.

The chapters where the focus is on broader society (such as the one titled - "Democracy, Inclusion and Prosperity"), Dr. Rajan is much more empathetic.

As he has mentioned in the book, communication was important to Dr. Rajan. He had used one of his public speeches to send a message to fraudulent businessmen that RBI can take action. In this respect it is probably better to read each chapter in it's own context, which would involve taking note of the audience it was originally intended for.

Nonetheless it provides enough food for thought for further discussion, debate and analysis, which is the ultimate aim of any book of this nature. ...more

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Oct 04, 2017 Nikhil rated it really liked it

"I am a professor so I lecture (though I typically lecture well)"

I'm glad someone sent this book on my way else I might have never picked it up, coloured as I was by Dr Rajan's out of brief comments on tolerance and his own departure from the RBI.

The book, basically a collection of his speeches and articles, provides a wonderful running commentary on the various changes in the Indian regulatory and economic landscape over the 3 years of Dr Rajan's governorship. In some sense it is like a Centra "I am a professor so I lecture (though I typically lecture well)"

I'm glad someone sent this book on my way else I might have never picked it up, coloured as I was by Dr Rajan's out of brief comments on tolerance and his own departure from the RBI.

The book, basically a collection of his speeches and articles, provides a wonderful running commentary on the various changes in the Indian regulatory and economic landscape over the 3 years of Dr Rajan's governorship. In some sense it is like a Central Bank 101 with a fair bit of macroeconomics thrown in.

It gives the reader a good perspective of the broad framework the RBI works within. It makes the case for inflation targeting in a rather compelling way, and its importance in delivering sustainable economic growth. Most noteworthy was his Dosanomics speech where he attempts to simply the real a interest rate conundrum in the context of low inflation.

The reader also gets a bit of a ring-side view on the various efforts towards the whole NPA saga which seems to be dogging the Indian economy over the past few years, and the structural efforts made by RBI to ensure the problem was brought tot fore and not left simmering under the surface. Similarly, the articulation of the case for financial inclusion and the challenges involved in it are quite powerfully made. Dr Rajan's criticism of the FLSRC is quite scathing wherein he simply but effectively demolishes the case for a super-regulator.

Overall, the book brings out the achievements in the 3-year tenure on the domestic front quite effectively, including the reclassification of India from the Fragile Five to the Fastest, the adoption of inflation targeting as RBI's primary role, widening of the banking system, attacking the NPA problem (even though this one seems to be an unfinished agenda), improving the payments framework and infrastructure and financial inclusion.

Th surprise element of the book were Dr Rajan's speeches and articles on the international context wherein, to me, one of his key achievements was to firmly put on the table, the global challenges of the easy monetary policy followed by most developed countries in recent years.

Towards the end, the book does lose the plot with the inclusion of some speeches / articles which are not threaded together well within the overall context of the book. Seemed like some of the Ocassional Pieces did not find a home and were just thrown in together as they couldn't have warranted a book on their own. Though, the discussion on the complete market model was quite interesting to a non-economist like me.

For those with an interest in macro-economics it's a good read so long as you can give Dr Rajan some leeway for letting the professor in him take-over at times.

PS: I still can't fathom why the book is called what it is.
...more

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Nov 26, 2019 Udit Nair rated it really liked it

Well everybody is aware with the acumen raghuram rajan has in macroeconomic stability. This book is indeed an extension of that. Essentially consists of lectures he delivered at various places. One of the remarkable things which stays with me from the book is that "unorthodox ideas will lead to orthodox results which is destabilization of economy". Hence it becomes important that one sticks to the basic fundamentals of the economy as suggested by him in the book. Overall it's a good read for tho ...more

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Mar 06, 2019 Aditya Kulkarni rated it liked it

A good book. Basically it’s divided into three parts. First part covers the author’s term as the governor of the RBI which’s really wonderful to read. The second and the third part deal with the economic crisis that began in 2008 and some snippets written by the author previously. This is very technical and hard to read through the content.

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Nov 10, 2017 Prakhar Gupta rated it it was amazing

Amazing book which opens up various aspects of Indian monetary policy. The added cherry on the top is RR's views on the financial meltdown of 2007-08 and other macroeconomic fault lines in the world. ...more

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Nov 12, 2017 Kaustubh Kirti rated it liked it

Shelves: economy, monetary-policy, globalisation, management, biography

A non controversial book on his tenure at RBI, Raghuram Rajan tries to put the entire frame on his brief stint on his three year tenure at RBI. The book is a very candid piece and he himself talks about issues and frailties in working at the central bank of India and how he felt about it. With increasing globalization and the economic prowess the position has come more and more under media scrutiny. He talks about comparison with Yellen or hawkish Volcker and how India was typecast as Fragile Fi A non controversial book on his tenure at RBI, Raghuram Rajan tries to put the entire frame on his brief stint on his three year tenure at RBI. The book is a very candid piece and he himself talks about issues and frailties in working at the central bank of India and how he felt about it. With increasing globalization and the economic prowess the position has come more and more under media scrutiny. He talks about comparison with Yellen or hawkish Volcker and how India was typecast as Fragile Five when he took centre stage. India was facing a big balance of payment crisis in 2013 and the inflation work started by Subharao was yet undone. AT this time taking over RBI was crucial.

Author talks long about his policies specifically on five fronts - macroeconomic policy, banking crisis, capital market development, financial inclusion and access to banking. Author tries to build up on these fronts of how his and the governments reformist agenda worked to bring about the change. Due details are provided of the inputs of HR KHan, Nachiket Mor, FSLRC, Urjit Patel, Malegam Reports over which the entire infrastructure in banking services was transformed. IMportant steps like debt market opening up, corporate restructuring reforms, Mudra etc have been introduced.

The interesting part his personal take on international banking and the theory of money. For long there was a discussion on the direction of monetary policy and whether inflation targeting was the right way to go. The author has in successive chapters defended the decision of selecting inflation targeting. This is in slight opposite of the viewpoints of previous Governors like Subbharao. Similarly the author makes up some interesting points with respect to unconventional monetary policy and RBI's challenge of reducing rates. India is not strong enough to face severe shocks thus policy are much muted and tapered. However the base of economy and economics is not money but productivity. THe author stresses that its productivity what as a country India must strives and not fall into inflation, fiscal capacity etc cauldron.

Banking sector reforms and financial inclusion including the infrastructure of Payment banks will have a lasting and competitive effect on the entire system and it is expected that things will move towards productivity. However in such treacherous times bodies like RBI would need autonomy and GOI support though limited intervention to make intelligent and rational decisions. The ability to say 'no' to the Government would be the icebreaker.

Author misses the entire topic of controversy of interference of the government in the book. RBI has been the hotbed since demonetization which didn't picture much in the book considering he received the proposal in Feb 2016. THe book could have been made people centric because the on surface issues is available everywhere covered in the media. Between core economics and core theory or decision making the book juggles more towards GENERIC memoirs than some hard core under the table unknown facts. ...more

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Sep 17, 2018 Vivek rated it really liked it

"I Do What I Do" is a collection of former "rock star" RBI Governor, Raghuraman Rajan's speeches and articles.It is divided into three sections - the first and longest called RBI days consists of speeches during his tenure as RBI Governor from 2013 to 2016. The second part has his prescient predictions of the 2008 crisis - Rajan was one of the few global economists to have seen it coming - and from the period after the crash, suggesting possible ways to prevent the recurrence of similar systemic "I Do What I Do" is a collection of former "rock star" RBI Governor, Raghuraman Rajan's speeches and articles.It is divided into three sections - the first and longest called RBI days consists of speeches during his tenure as RBI Governor from 2013 to 2016. The second part has his prescient predictions of the 2008 crisis - Rajan was one of the few global economists to have seen it coming - and from the period after the crash, suggesting possible ways to prevent the recurrence of similar systemic failures. The third part contains his articles covering other topics in economics. As the author explains in the introduction, this is not a tell-all book. He had the decency to wait for a year after the controversial end of his tenure to publish the book so that it would not come in the way of his successor's work. The speeches were made partly with the objective of spreading financial and economic literacy. In this, Dr. Rajan, the economics professor, does a remarkable job. In each of his speeches or essays, he lays out the broad outline, explains the points in detail and concludes his points in a clear and logical manner. Even someone with only a basic knowledge of economics (like me) could follow his speeches because of the brilliant clarity of his writing. The book gives an idea of how he set RBI policy with great foresight and in spite of the various pressures he had to face. The Indian economy is still benefiting from some of the measures he pushed through, such as forcing banks to recognize NPA's and setting a framework for controlling inflation.
Unfortunately, he faced a lot of unfair flak during his tenure. The government, unhappy with his outspokenness, indirectly put pressure on him by allowing him to be criticized by people with vested motives. These criticisms were picked up and amplified by the faithful followers of the party. Ultimately he was ousted as RBI governor - his term was not renewed though he was willing to serve another term - and RBI lost one of its most talented RBI Governors. I remember a few of my friends, not economists but faithful supporters of the government, who would confidently and emphatically express their views on the correct levels for the RBI policy rates. I think they would definitely benefit from reading this book. Highly recommended but needs a basic understanding of economics.

...more

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Aug 26, 2018 Karthik rated it really liked it

Why do the poor allow the rich to be rich? In a democracy like India where the poor people are the majority, can't they elect a government that charges exorbitant taxes for the rich and distributes it to the poor? As long as everyone has equal opportunity and the most deserving become rich, it helps incentivize hard work in the society. The most deserving person creates opportunities in the society that benefits the poor and helps the society grow. In the other extreme, when the rich are rich ju ...more

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Apr 29, 2018 Shariq rated it it was amazing

The book is a collection of speeches given by the author at various forums on a wide range of issues at various points of time, including his tenure as the governor of RBI.

Very few economists have the ability to make complex issues understandable to a layman, Mr Rajan in that sense is a gifted one. Also he belongs to the central bankers who just doesn’t churn out the data, but can empathise and bring the ‘socio-economic’ aspect into the whole central banker picture.

The book helps in getting a ...more

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Feb 09, 2018 Aditya Jandial rated it liked it

An interesting book which draws on the experience of Dr. Rajan during his tenure as the Gov at RBI.

What's good is how it helps you understand the thought process behind some of the RBI actions while continuing to provide a basic understanding for the reader but What's not is how frequently the book changes gears. There are so many factors covered right from capital markets to bottom of pyramid banking and from FX fluctuations to Make in India . I feel the book could had been more focussed and a ...more

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Sep 18, 2017 Ashutosh Dwivedi rated it it was amazing

First, take a bow Mr. Rajan. Not only for your service to the position you held but also to the vision you encompassed and the clear and logical way you communicated the vision while serving in that post. Rajan covers every aspect he touched upon during his tenure in the first section of the book and the remaining 2 sections, he devots to macroeconomic trends in the international markets. In all of these sections, he lays out a clear and coherent vision, exploring spillover effects backed by log ...more

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Apr 05, 2018 Sagar Acharya rated it it was amazing

Raghuram Rajan is an utter genius and it's truely evident from the book.

This book is a compilation of his speeches given through the 3 years during which he was the RBI governor and minimal comments from him. Towards the end, there are a few of his speeches and articles on economics he gave during his time at world bank.

Book being very much into economics and finance, he discusses the steps he took at RBI, namely to reduce inflation, diffuse banking services to the poor by creating better method ...more

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Feb 01, 2018 Meenal rated it really liked it

A light coffee table finance read for those interested in learning about the macro forces that transpire behind the scenes. It's a collection of the various speeches/lectures/letters that Dr. Raghuram Rajan has delivered while working with RBI/IMF/UChicago.
One particular speech was too exciting for me! It was Dr. Rajan's convocation address at IIT Delhi. My excitement stemmed not from the content of the address, but from the feeling that it would have been for him to deliver a convocation addres ...more

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Oct 02, 2017 Nisarg Hivare rated it really liked it

The Collection of Rajan's speeches covers a broad spectrum of economic challenges of India from Central Banker's point of view. It broadly covers working with RBI, fighting inflation and understanding it through famous Dosanomics, current banking infrastructure (challenges and solutions) and political economy (from both national and economic perspectives) with many clever solutions subject to some economic adjustments reflecting his faith in India's strong institutional setup.
Yes, its a must rea ...more

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Oct 20, 2017 Abhishek Shekhar rated it it was ok

This review has been hidden because it contains spoilers. To view it, click here.

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Jan 25, 2018 Priya rated it really liked it

This book is a collection of his speeches with some additional details. A really well written book if you want to understand what the RBI thinking process was behind the decisions made.
It is an easy read. I am not from the economics field but still was able to grasp and understand the changing landscape of Indian economy. 4 stars are for just for that.

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Mar 17, 2018 Pragati Kulshrestha rated it really liked it

Shelves: biography, cultural, business, economy, favourite, non-fiction

If you eagerly want to know about banking and finance then this book is surely for you.
writer beautifully explained the concept Dosa Economics. He has shared his various life experiences in this book and what are the difficulties he faced during his tenure.

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Sep 30, 2020 Aryan Kumar Prasad rated it it was ok · review of another edition

Shelves: indian-history

Boring, repetitive and not written in a way that can engage readers. Coming from a seasoned economists, I thought it would be an interesting economic insight into India for the layperson, but it's mostly a collection of his speeches over the years - devoid of revealing facts, figures or theories. ...more

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May 23, 2018 Natasha rated it it was amazing

The book made me fall in love with macro economics all over again.

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Apr 26, 2019 Anshul Agrawal rated it really liked it

Shelves: couldnt-finish

So much Economics. Couldn't finish. ...more

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Oct 25, 2020 Kshitiz Goliya rated it liked it

This book will not give you the inside story or gossip behind Raghuram Rajan-headed RBI's disagreements with Modi-led central government, if that is what you are looking for. Infact, all the material in the book is already in public domain and this is a collection of Dr. Rajan's speeches and articles with small postcripts to provide added context with the benefit of hindsight. However, that nowhere takes away the book's importance in articulating the author's thoughts and ideas on how a central This book will not give you the inside story or gossip behind Raghuram Rajan-headed RBI's disagreements with Modi-led central government, if that is what you are looking for. Infact, all the material in the book is already in public domain and this is a collection of Dr. Rajan's speeches and articles with small postcripts to provide added context with the benefit of hindsight. However, that nowhere takes away the book's importance in articulating the author's thoughts and ideas on how a central bank, especially of a developing country like India, should operate.
Rajan tries to bring home the point that regulation is not just about oversight, but involves a lot of innovation and nominal risk taking. A regulator has to think on its feet on how to keep improving the functioning of the sector while not losing the sight of keeping the sector on the path to long term gain.
They have to innovate by allowing perhaps risky schemes that are expected to accrue benefits to the financial sector. In Rajan's tenure, this involved allowing trading of certain types of currency instruments, giving out more licenses for commercial banks as well as payment banks to spur competition, loosening rules on rural branch mandate and allowing banks to fulfill social goals by others innovative means, launching a centralized payments systems among others.
At the same time, he stresses hard that there are no short fixes, especially when an economy needs structural changes keeping in mind the needs of it's people. What works for the US or China, might not work for India and hence a good regulator has to make the most of its mandate to bring about changes that will keep the sector on a sustainable growth trajectory even if the RBI governor changes. Here he refers to RBI's priority to combat inflation and creating a framework that makes the central bank accountable to Parliament in meeting it's inflation goals.
It is here that the central bank might run into disagreement with the government, which he emphasizes is not uncommon or unhealthy. The central government, especially when it is a major stakeholder in the financial sector via ownership of public sector banks, or PSBs, or other lending agencies, will try to push central bank in ushering policies that will help the goverment balance it's short term budget or electoral goals. And it is here that the central bank needs to stand it's ground and think of the long term health of the sector rather than someone's short term gains. Rajan-led RBI did this by forcing banks to recognize their stressed assets so that the deteriorating balancesheets of PSBs could be identified and fixed before it turns into a full blown crises. He also encouraged structural reforms like pushing government to set up Banking Board Bureau for independent appointment of PSB leadership and giving banks more autonomy.
He also dwells upon the need to provide credit to poor and the farmers but stresses that the banks cannot be expected to do all the legwork and there has to be a combination of interventions to support rural economy.
Finally, he stressed on the importance of communication between the regulator and the masses. While a lot of economic decision making is complex, the central banker should always try to explain his/her intent and vision to the people and markets whonever possible. While some of the messaging can be misrepresented or sensationalized by the press, the central banker should keep the communication channel open to maintain a sense of accountability.
In the end, Rajan continues the majority of governors' tradition of respecting the sacrosanct relationship between the RBI and the government. He makes sure that his personal opinion of the establishment doesn't come in the way of his job to provide sound advice to the government and work with the executive branch to reach most satisfactory solutions for an economy. ...more

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About Raghuram G. Rajan

Raghuram G. Rajan

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Raghuram Govind Rajan is a world-class Indian economist who has also served as the twenty-third Governor of the Reserve Bank of India. He also serves as Eric J. Gleacher Distinguished Service Professor of Finance at the Booth School of Business at the University of Chicago. Rajan is also a visiting professor for the World Bank, Federal Reserve Board, and Swedish Parliamentary Commission. He former ...more

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Quotes from I Do What I Do

“Autobiographies are always written as if the author had it all mapped out with perfect foresight, ignoring the risks and uncertainties at that time. This misleads, as much as those beautiful photographs of a past holiday abstract from the heat, the mosquitoes, and the lack of connectivity.” — 7 likes

“Policy making invariably involves taking measured risks in the face of uncertainty, for one has neither a prior template nor the luxury of indecision.” — 7 likes

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