RBI Governor Raghuram Rajan has been conferred with the Best Central Bank Governor award for 2014 by Euromoney magazine.
The magazine said the Governor’s tough monetary medicine combatted the storm ravaging the deficit-ridden economy in the recent emerging market crisis.
Raghuram Rajan is the current and the 23rd Governor of the RBI. He is succeeding Duvvuri Subbarao.
Rajan was chief economic adviser to India’s Ministry of Finance during the previous year and chief economist at the International Monetary Fund from 2003 to 2007.
In 2003, he won the Fischer Black Prize awarded by the American Finance Association for contributions to the theory and practice of finance by an economist under age 40.
He was awarded the fifth Deutsche Bank Prize for Financial Economics 2013 on 26 September 2013 for his “ground-breaking research work which influenced financial and macro-economic policies around the world”