the Federal Open Market Committee (FOMC) in its meeting on September 17-18.
Known for his frank views, Raghuram Rajan was acclaimed for predicting the 2008 global financial crisis. In 2005, Raghuram Rajan had delivered a lecture critical of the financial sector, arguing that a financial disaster might be looming.
Raghuram Rajan, who was an honorary economic advisor to the Prime Minister earlier, is an alumni of IIM-Ahmedabad and IIT-Delhi. He had replaced Kaushik Basu as Chief Economic Advisor in the Finance Ministry last year.