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Business News > Mint Authors > Raghuram G. Rajan

Raghuram G. Rajan

Mint columnist

Raghuram G. Rajan is a professor of finance at the University of Chicago Booth School of Business, former governor of RBI and co-author of ‘Breaking the Mold: India’s Untraveled Path to Prosperity’

ARTICLES BY RAGHURAM G. RAJAN

Rather than blaming others and levelling the economy down with misguided policy actions, it is better to level the economy up by focusing on improving the capabilities. (Getty Images via AFP)

Raghuram Rajan: Nativist policies based on victimonomics can backfire

5 min read . 18 Jun 2025

Every developing country has a small but highly skilled elite who can profitably export skilled services, given the high wage differentials vis-à-vis developed countries.

Raghuram Rajan: How emerging economies can prosper in a protectionist world

5 min read . 08 Jan 2025

Any reforms affecting countries’ voting power should be accompanied by a fundamental change in IMF governance. (REUTERS)

Raghuram Rajan: The IMF needs governance reform to retain its relevance

4 min read . 29 Oct 2024

Every country of reasonable economic size now wants a domestic fabrication plant to protect against global shortages, and to sustain military production in case of war.

Watch out, industrial strategy could leave us with a herd of white elephants

5 min read . 15 Sep 2024

De-globalization will continue to increase the price of foreign goods. (AP)

Raghuram Rajan: Brace for stronger inflation and possibly weaker central banks

5 min read . 15 Jul 2024

India should build on its strength: millions of high-skilled, creative, educated workers, many of whom speak English.

Raghuram Rajan: Focus on the export of services to drive India’s economic growth

5 min read . 03 Jun 2024

Labour flows out of the traditional agriculture sector as employment increases in low-skilled manufacturing.

Raghuram Rajan: Election results may determine India’s economic future

4 min read . 29 May 2024

Soon after SVB’s demise, the Treasury signalled that no uninsured depositor in small banks would suffer losses in any further bank collapses. (HT_PRINT)

Amnesia over America’s banking crisis of 2023 may prove perilous

5 min read . 13 Feb 2024

If we look at the US Federal Reserve Board and the ‘hair’ diagram, as inflation jumped, staff economists repeatedly projected a return to 2% inflation from wherever the current estimate stood.

Central banks should resolve to adopt a more humble approach to central banking

6 min read . 12 Dec 2023

JPMorgan Chase CEO Jamie Dimon

Stricter capital rules for US banks are a lazy way to keep them safe

4 min read . 03 Nov 2023

After the old orthodoxy was found wanting, and after its proponents had lost the public’s trust, the door opened to unorthodox solutions (iStockphoto)

Populist policies can be myopic and also very hard to challenge

4 min read . 31 Aug 2023

The Federal Reserve in Washington. (AP)

Central banks too must take the blame for the crisis we are facing

5 min read . 06 Jun 2023

The US Federal Reserve’s role in America’s string of bank failures

5 min read . 29 Mar 2023

US Fed: The Scylla of doing too little and Charybdis of too much

5 min read . 30 Jan 2023

Rising geopolitical rivalries will make mitigation agreements more difficult. Photo: AP

Why deglobalization poses a climate threat

5 min read . 23 Nov 2022

While central banks have always had a duty to provide emergency liquidity, doing so on a sustained large-scale basis is an entirely different kettle of fish. Photo: Bloomberg

Why central banks will find it hard to reverse quantitative easing

5 min read . 11 Oct 2022

The world must junk barriers to trade in services. Photo: AFP

Raghuram Rajan tells what can brighten the economy

5 min read . 04 Aug 2022

Photo: Bloomberg

Say no to ‘friend-shoring’ before it reverses gains of globalization

4 min read . 08 Jun 2022

The end of free-lunch economics and its worrisome implications

5 min read . 02 Feb 2022

Photo: Bloomberg

Monetary and inflationary traps that the rich world could fall into

5 min read . 24 Nov 2021