Wednesday 12 February 2014

Role of serendipity and Raghuram Rajan's journey to Mint Street

Role of serendipity and Raghuram Rajan's journey to Mint Street
Mumbai: He took over as governor of the Reserve Bank of India (RBI) barely six months ago, but Dr Raghuram Rajan confessed on Tuesday that he had expressed his desire to head the central bank decades ago while studying at his alma mater, IIM-Ahmedabad.

Speaking at an event organised by IIM-Ahmedabad (Mumbai chapter), Dr Rajan said while studying at the institution, he had made up his mind to head the central bank one day.

"I was asked at Ahmedabad, if you think about a career choice, what will you become? I have a confession to make here. I said 'I want to be the governor of RBI'," Dr Rajan said at the event.

The 51-year-old ex-IMF chief economist, who studied at IIM-Ahmedabad in late 1980s, outlined how some fortuitous events helped shape his life. One of them was getting admitted to the PhD programme at the prestigious Massachusetts Institute of Technology (MIT) in the US.

The first act of serendipity, according to Dr Rajan, was when he applied to MIT, which refused to accept him into PhD programme, He wrote back saying, "I am a poor Indian citizen...there is no way I can pay for the PhD. I would like to come but..."

No comments:

Post a Comment