Raghuram Rajan the former RBI governor has featured in the list of this year’s Noble Peace Prize in Economics. The Noble Prize in Economics is brought out by Clarivate Analytics is an organisation that maintains a list of dozens of possible Noble prize winners based on research citation. And now it is expected that Raghuram Rajan to be awarded the Noble prize in Economics today. As per the Clarivate firm, Raghuram Rajan is selected for his significant contributions to illuminating the dimensions of decisions in corporate finance.
In 2013, Raghuram Rajan was appointed as the RBI Governor by the UPA government. And was considered as a vocal RBI Governor. Presently, Raghuram is the Distinguished Service Professor professor of Finance at the Booth School of Business, Universiy of Chicago. At the age of 40, Rajan was the youngest to become the chief economist at the International Monetary Fund. And in 2005, he shot to big fame three years after he predicted the financial crisis at an annual gathering of economists and bankers in the US.
Along with Raghuram Rajan other five economists are selected for Noble Prize includes Colin Camerer of the California Institute of Technology, Robert Hall of Stanford University, Michael Jensen of Harvard, George Loewenstein of Carnegie Mellon University and Stewart Myers of MIT.