Raghuram Rajan, the former Governor of the Reserve Bank of India, who did B.Tech from IIT-Delhi, shared a less-than-proud moment about his college days in a recent interview. Rajan revealed that he was a student leader during his IIT days and contested an election.
He explained that in IIT, elections are conducted on an individual basis, not party-based. Also mentioned becoming the Secretary of the English Debating Society and later the general secretary of the Students Affairs Council. During that time, he recounted organizing a strike against the institute authority due to the absence of scholarships for Ph.D. students. As a result, IIT was closed for a day. Rajan expressed that it’s not something he is particularly proud of that was Not my Proudest Moment.
Rajan studied electrical engineering at IIT-Delhi from 1981 to 1985. While in college, he led the Student Affairs Council. Later, he pursued an MBA at the Indian Institute of Management-Ahmedabad and completed a Ph.D. at the Massachusetts Institute of Technology (MIT).
Rajan is currently improving his new book, ‘Breaking the Mould,’ which he co-authored with Pennsylvania State University assistant professor Rohit Lamba. When commenting on the upcoming book, he stated that India is at a crucial point, and the decisions made will influence its economic future, either positively or negatively.
In a different event, Rajan stated that if the potential growth rate stays at 6 percent annually without any increase in population by 2047, India will continue to be a lower-middle-income country.
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