“I Do What I Do” is a Non fiction book written by whom?
- AOption (a)
Pranab Mukherjee
- BOption (b)
Raghuram Rajan
- COption (c)
Jagadish Bhagawati
- DOption (d)
Urjit Patel
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Correct answer
Raghuram Rajan
Why this answer is correct
The correct answer is Raghuram Rajan.
Key Points
- "I Do What I Do" is a non-fiction book written by Raghuram Rajan, an eminent economist and former Governor of the Reserve Bank of India (RBI).
- The book was published in 2017 and is a compilation of speeches, articles, and commentary by Raghuram Rajan during his tenure as RBI Governor.
- The book provides insights into India's economy, financial policies, and reforms, especially during his leadership at the RBI from 2013 to 2016.
- It discusses issues like inflation control, monetary policy, banking reforms, and economic growth in India, presenting Rajan's perspective on challenges faced by the country.
- Raghuram Rajan is globally recognized for his contributions to economic policy and academia, having served as Chief Economist at the International Monetary Fund (IMF) before his role at the RBI.
Additional Information
- About Raghuram Rajan:
- Raghuram Govind Rajan was born in 1963 in Bhopal, India.
- He is a distinguished academic, economist, and author, with a Ph.D. in Management from the MIT Sloan School of Management.
- He served as the 23rd Governor of the Reserve Bank of India from 2013 to 2016.
- Raghuram Rajan is known for predicting the 2008 global financial crisis during a speech in 2005, which gained him international recognition.
- Content of "I Do What I Do":
- The book includes Rajan's perspectives on India's economic situation, financial reforms, and the role of the RBI.
- It is divided into sections addressing governance, inflation management, banking sector reforms, and global economic trends.
- Rajan elaborates on the importance of maintaining a balance between growth and financial stability.
- The book also discusses his efforts to make the RBI more transparent and accessible to the general public.
- Other Books by Raghuram Rajan:
- "Fault Lines: How Hidden Fractures Still Threaten the World Economy" - Published in 2010, this book explores the causes of global financial instability.
- "Saving Capitalism from the Capitalists" - Co-authored with Luigi Zingales, it examines the relationship between capitalism and democracy.
- Achievements of Raghuram Rajan:
- He was awarded the Fischer Black Prize in 2003, an honor given to economists under the age of 40 for significant contributions.
- He served as Chief Economist and Director of Research at the International Monetary Fund from 2003 to 2006.
- He is currently a professor at the University of Chicago Booth School of Business.
Important Points
- Other Prominent Economists Mentioned in the Options:
- Pranab Mukherjee: Former President of India and a veteran politician, who authored several books on political and economic topics.
- Jagadish Bhagwati: An eminent Indian-American economist known for his work on international trade and globalization.
- Urjit Patel: Served as the 24th Governor of the RBI, succeeding Raghuram Rajan, and focused on inflation targeting and monetary policy reforms.
- Significance of the Book:
- "I Do What I Do" provides a firsthand account of the challenges faced by policymakers in steering the economy amidst global and domestic issues.
- The book is widely regarded as a must-read for those interested in understanding India's economic history and governance.