"The work of Dr. Raghuram Rajan, the governor of the Reserve Bank of India, has been very relevant for this resurgence of the Indian economy. In the crucial months after took charge of the institution in September 2013, he stabilised the rupee, which had been spinning down, reduced the volatility of the stock markets and reversed the capital outflows that had been ravaging the economy befor he was appointed. Additionally, he has strengthened the economy against potential external shocks. He has been building up country´s reserves to prepare for a possible liquidity squeeze in the international markets" - Banashri Bose Harrison, Ambassador of India to Sweden
Welcoming remarksPer Strömberg, SEE Centennial Professor of Finance and Private Equity at Stockholm School of Economics.
Moderator:Klas Eklund, Senior Executive Advisor, Sweden-India Business Council and Senior Economist, SEB.
Contact:Iréne EnströmBusiness SwedenE: Irene Engström
"The interbank market could freeze up, and one could have a full-blown financial crisis." Two years later. that´s essentially what happened.Wall Street Journal, Jan 2, 2009.
Raghuram Rajan (1963) is the current and the 23rd Governor of the Reserve Bank of India, having taken charge of India´s central banking institution in September of 2013. Rajan was chief economist at the International Monetary Fund from 2003 to 2007. He is on leave of absence as a professor of finance at the graduate business school at the University of Chicago.