Rakesh Mohan
Encyclopedia
Rakesh Mohan is an India
n economist
and former Deputy Governor of Reserve Bank of India
. He is presently the Vice Chairperson of Indian Institute for Human Settlements., and in April 2010, he joined Nestle
India, as a Non-executive Director.
He remained an advisor to numerous ministries in Government of India, including industry, and finance, and later became an important part of Indian economic reforms in the 1990s, and his report under the 'Rakesh Mohan Committee on Infrastructure', became a "landmark document in the evolution of thinking on economic policy issues". He is currently the Professor in the Practice of International Economics of Finance, School of Management, and Senior Fellow, Jackson Institute or Global Affairs at Yale University
.
, a boarding school in Rajasthan
, followed by BA in Economics, Yale University
. Later he did, M.A. in Economics, and Ph.D. from Princeton University
;
, 1974 to 1988. During this period, as a part of the World Bank
's, City Study project, he studied the city of Bogota
, Colombia, 1976-1980. He returned to India in 1980, where he first joined the Planning Commission as a senior consultant, while Manmohan Singh
was also a member.
He became the Deputy Governor, Reserve Bank of India (RBI) in September 2002 and moved to North Block in October 2004 as Secretary, Department of Economic Affairs and Chief Economic Advisor to the Finance Minister of India
till July 2005, before returning to RBI, where he remained till June 2009, when he took up an assignment at Stanford Center for International Development at Stanford University
, US, and subsequently joined McKinsey and Co.’s economic research wing. In 2010 back in India from his project, he worked with Nandan Nilekani, Shirish Patel, Keshub Mahindra, Deepak Parekh, to set up Indian Institute for Human Settlements, in Delhi.
In April 2010, he joined the board of directors of Nestle
India.
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
n economist
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...
and former Deputy Governor of Reserve Bank of India
Reserve Bank of India
The Reserve Bank of India is the central banking institution of India and controls the monetary policy of the rupee as well as US$300.21 billion of currency reserves. The institution was established on 1 April 1935 during the British Raj in accordance with the provisions of the Reserve Bank of...
. He is presently the Vice Chairperson of Indian Institute for Human Settlements., and in April 2010, he joined Nestle
Nestlé
Nestlé S.A. is the world's largest food and nutrition company. Founded and headquartered in Vevey, Switzerland, Nestlé originated in a 1905 merger of the Anglo-Swiss Milk Company, established in 1867 by brothers George Page and Charles Page, and Farine Lactée Henri Nestlé, founded in 1866 by Henri...
India, as a Non-executive Director.
He remained an advisor to numerous ministries in Government of India, including industry, and finance, and later became an important part of Indian economic reforms in the 1990s, and his report under the 'Rakesh Mohan Committee on Infrastructure', became a "landmark document in the evolution of thinking on economic policy issues". He is currently the Professor in the Practice of International Economics of Finance, School of Management, and Senior Fellow, Jackson Institute or Global Affairs at Yale University
Yale University
Yale University is a private, Ivy League university located in New Haven, Connecticut, United States. Founded in 1701 in the Colony of Connecticut, the university is the third-oldest institution of higher education in the United States...
.
Early life
Rakesh Mohan did his schooling from Mayo CollegeMayo College
Mayo College is a public school founded by the 6th Earl of Mayo, who was Viceroy of India from 1869 to 1872.The school is located in Ajmer, in the state of Rajasthan, India....
, a boarding school in Rajasthan
Rajasthan
Rājasthān the land of Rajasthanis, , is the largest state of the Republic of India by area. It is located in the northwest of India. It encompasses most of the area of the large, inhospitable Great Indian Desert , which has an edge paralleling the Sutlej-Indus river valley along its border with...
, followed by BA in Economics, Yale University
Yale University
Yale University is a private, Ivy League university located in New Haven, Connecticut, United States. Founded in 1701 in the Colony of Connecticut, the university is the third-oldest institution of higher education in the United States...
. Later he did, M.A. in Economics, and Ph.D. from Princeton University
Princeton University
Princeton University is a private research university located in Princeton, New Jersey, United States. The school is one of the eight universities of the Ivy League, and is one of the nine Colonial Colleges founded before the American Revolution....
;
Career
Rakesh Mohan started his career in urban economicsUrban economics
Urban economics is broadly the economic study of urban areas; as such, it involves using the tools of economics to analyze urban issues such as crime, education, public transit, housing, and local government finance...
, 1974 to 1988. During this period, as a part of the World Bank
World Bank
The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...
's, City Study project, he studied the city of Bogota
Bogotá
Bogotá, Distrito Capital , from 1991 to 2000 called Santa Fé de Bogotá, is the capital, and largest city, of Colombia. It is also designated by the national constitution as the capital of the department of Cundinamarca, even though the city of Bogotá now comprises an independent Capital district...
, Colombia, 1976-1980. He returned to India in 1980, where he first joined the Planning Commission as a senior consultant, while Manmohan Singh
Manmohan Singh
Manmohan Singh is the 13th and current Prime Minister of India. He is the only Prime Minister since Jawaharlal Nehru to return to power after completing a full five-year term. A Sikh, he is the first non-Hindu to occupy the office. Singh is also the 7th Prime Minister belonging to the Indian...
was also a member.
He became the Deputy Governor, Reserve Bank of India (RBI) in September 2002 and moved to North Block in October 2004 as Secretary, Department of Economic Affairs and Chief Economic Advisor to the Finance Minister of India
Finance Minister of India
The Minister of Finance, also known as the Finance Minister of India is a cabinet position in the Government of India and heads the Ministry of Finance. He drafts the general budget of the country, and is in charge of the national economy. Currently, Pranab Mukherjee holds the charge of finance...
till July 2005, before returning to RBI, where he remained till June 2009, when he took up an assignment at Stanford Center for International Development at Stanford University
Stanford University
The Leland Stanford Junior University, commonly referred to as Stanford University or Stanford, is a private research university on an campus located near Palo Alto, California. It is situated in the northwestern Santa Clara Valley on the San Francisco Peninsula, approximately northwest of San...
, US, and subsequently joined McKinsey and Co.’s economic research wing. In 2010 back in India from his project, he worked with Nandan Nilekani, Shirish Patel, Keshub Mahindra, Deepak Parekh, to set up Indian Institute for Human Settlements, in Delhi.
In April 2010, he joined the board of directors of Nestle
Nestlé
Nestlé S.A. is the world's largest food and nutrition company. Founded and headquartered in Vevey, Switzerland, Nestlé originated in a 1905 merger of the Anglo-Swiss Milk Company, established in 1867 by brothers George Page and Charles Page, and Farine Lactée Henri Nestlé, founded in 1866 by Henri...
India.