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I Do What I Do by Raghuram G. Rajan

I Do What I Do

The book I Do What I Do is all about the brave and inspirational step taken by Raghuram G. Rajan the Governor of the Reserve Bank of India. Before having the full version of the book you can have a review of it from here.

Brief Of:- I Do What I Do by Raghuram G. Rajan

I Do What I Do offers a front-row view into the thinking of one of the world’s most respected economists, one whose commitment to India’s progress shines through in the essays and speeches here. It also brings home what every RBI Governor discovers for himself when he sits down at his desk on the 18th floor: the rupee stops here. Right here!

September 2013, when Raghuram G. Rajan took charge as Governor of the Reserve Bank of India, the rupee was in free fall, inflation was high. India had a large current account deficit and India’s exchange reserves were falling. As measure after the measure failed to maintain markets, stockholders sensed a full-blown crisis and labeled India one of the weak economies.

Rajan responded to go all out, not just to tackle the crisis of confidence, but also to send a strong message about the strength of India’s institutions and the country’s ongoing program of reform. His vision is to went beyond the immediate crisis to focus on long-term growth and stability. Thus restoring investor’s confidence. Boldness and farsightedness would be characteristic of the decisions he took in the ensuing three years.

His commentary and speeches in I Do What I Do convey what it was like to be at the helm of the central bank in those turbulent but exciting times. Whether on dosanomics or on debt relief, Rajan explains economic concepts in a readily accessible way. Equally, he addresses key issues that are not in any banking manual but essential to growth: the need for tolerance and respect to assure India’s economic progress, for instance, or the connection between political freedom and prosperity.

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About the Author

Raghuram G. Rajan is the Katherine Dusak Miller, Service Professor of Finance at the Booth School of Business at the University of Chicago. He was the Governor of the Reserve Bank of India between 2013 and 2016. Also served as Vice-Chairman of the Board of the Bank for International Settlements between 2015 and 2016. Dr. Rajan was the Chief Economist and Director of Research at the International Monetary Fund from 2003 to 2006.

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