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Strong government doesn't mean simply military power or an efficient intelligence apparatus. Instead, it should mean effective, fair administration - in other words, 'good governance.'
— Raghuram Rajan
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RR
Raghuram Rajan
economist, professor, banker, university teacher
1963
Raghuram Govind Rajan is an Indian economist and the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago's Booth School of Business. He served as the Chief Economist of the International Monetary Fund from 2003 to 2006 and the 23rd Governor of the Reserve Bank of India from 2013 to 2016. In 2015, during his tenure at the RBI, he became the Vice-Chairman of the Bank for International Settlements.
All Quotes by Raghuram Rajan
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Strong government doesn't mean simply military power or an efficient intelligence apparatus. Instead, it should mean effective, fair administration - in other words, 'good governance.'
— Raghuram Rajan
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Not taking risks one doesn't understand is often the best form of risk management.
— Raghuram Rajan
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On the retail side, I particularly want to emphasize the use of the unique ID, Aadhaar, in building individual credit histories. This will be the foundation of a revolution in retail credit.
— Raghuram Rajan
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Promoters do not have a divine right to stay in charge regardless of how badly they mismanage an enterprise, nor do they have the right to use the banking system to recapitalize their failed ventures.
— Raghuram Rajan
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Expectations are high. Clearly I am not a superman. There is a little bit of euphoria in India. I have a wife and two kids.
— Raghuram Rajan
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If you are an outsider looking at India, learn to filter out both the irrational exuberance and the excessive pessimism. We're subject to both. You will become manic-depressive if you follow our moods.
— Raghuram Rajan
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A 007 James Bond image is very dangerous for a central banker to have.
— Raghuram Rajan
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Indeed, if what you do offends me but does not harm me otherwise, there should be a very high bar for prohibiting your act. After all, any ban, and certainly any vigilante acts to enforce it, may offend you as much, or more, than the offence to me. Excessive political correctness stifles progress as much as excessive license and disrespect.
— Raghuram Rajan
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Improving the opportunities across the board is extremely important to sustain the legitimacy of wealth. If a whole horde of people, whole sections of society don't feel they have the opportunities, then the focus is going to be on those who have it and who have made it and say that is illegitimate.
— Raghuram Rajan
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I think we have still to get to a place where we feel satisfied. We have this saying - "In the land of the blind, the one-eyed man is king". We are a little bit that way.
— Raghuram Rajan