Former Governor Raghuram Rajan returned to academia after controversies related to his exit from RBI. He states that he feels great to be back riding his bike in Chicago and hopes to do it as long as he can.
He said in an interview with the media team of the University of Chicago, “Taking my bike out and riding the bike path along Lake Shore Drive, that’s one of the great experiences in my life. And I hope to do it as long as I can. It’s great to be back”.
He added, “This has been my home for 25 years. It’s a great city. I have great colleagues. And it’s a wonderful school. It’s different every time you come back. If it wasn’t different, it wouldn’t be doing its job”.
After being asked, what he is looking forward to most after returning to academic life,
He said, that “one of the difficulties of a job in the “real world” is that one does not really get time to shut oneself off in a room and think. Now in academia,…if you are careful, you can spend four days in a room, sit looking at a piece of paper and struggling with a thought that refuses to come out. At the end of those four days, sometimes, you say, ‘Oh my God, how did I miss this?’ and it dawns on you. And that’s as close to bliss as you can get”.
He was the governor of the Reserve Bank of India from the tenure of 2013 to September 2016.
He was recently accused of refusing to lower rates to boost growth, though Mr Rajan often cited data to the contrary.
Previously, he served as the chief economist and director of research at the International Monetary Fund (from 2003 to 2006).