Rakesh Mohan teaches at Yale University as Senior Fellow, Jackson Institute for Global Affairs. He is also Distinguished Fellow, Brookings India and Non Resident Senior Research Fellow of Stanford Centre for International Development, Stanford University Stanford. He is Senior Advisor to the McKinsey Global Institute, a post that he also had between 2010 and 2012. He is also a Member of the Board of Nestle India.
He was, until recently, Executive Director at the International Monetary Fund, Washington, D.C., representing India, Sri Lanka, Bangladesh and Bhutan from November 1, 2012 October 31 2015. Till early 2014, Dr Rakesh Mohan was also Chairman, National Transport Development Policy Committee, Government of India, in the rank of a Minister of State. In addition, he was Vice-Chairman, Indian Institute of Human Settlements, proposed to be India´s first independently funded and managed inter-disciplinary National University for Research and Innovation that is committed to the equitable, sustainable and efficient transformation of Indian settlements. Prior to his position at the IMF, Dr Mohan was Professor in the Practice of International Economics and Finance, School of Management, and Senior Fellow, Jackson Institute of Global Affairs, Yale University from July 2010. He taught every Fall Semester there.
He was a member of the Advisory Committee to the Competition Commission of India. He was a Member of the Boards of DSP Black Rock Mutual Fund, Tata Auto Components and Sona Koyo Ltd. He was also a Member of the Indian Advisory boards of Rio Tinto and BNP Paribas.
Dr Mohan, who holds a B.Sc in Electrical Engineering from Imperial College, University of London, a B.A. from Yale University and a Ph. D in Economics from Princeton, had earlier held the position of Deputy Governor of the Reserve Bank of India September 9, 2002 to October 31, 2004 and July 2, 2005 to June 10, 2009. During the period 31 October 2004 to 2nd July, 2005 he was Secretary, Department of Economic Affairs, Ministry of Finance, Government of India. He has held several positions in Government of India and was Chief Economic Advisor, Ministry of Finance, Government of India in 2001-02.
Dr. Rakesh Mohan has researched extensively in the areas of economic reforms and liberalisation, industrial economics, urban economics, infrastructure studies, economic regulation, monetary policy and the financial sector. He is the author of three books on urban economics and urban development, co-author of one and editor of another on Indian economic policy reforms, and author of two books on monetary policy and central banking and of numerous articles.
Dr. Rakesh Mohan has been Director General of the National Council of Applied Economic Research, Director and Chief Executive of the Indian Council for Research and International Economic Relations and Vice Chairman, Infrastructure Development Finance Company. He was also Adviser to the Finance Minister and Chief Economic Adviser between January 4, 2001 and May 15, 2002.
He has been Member of the Economic Advisory Council to the Prime Minister; Member of the Telecom Regulatory Authority of India; Member of the National Security Advisory Board; Member of the Tariff Authority of Major Ports; and Member of the Securities and Exchange Board of India. Among research institutions he has been a Member of the Boards of Governors of Institute of Economic Growth; National Institute of Public Finance and Policy; National Council of Applied Economic Research; Madras School of Economics; National Institute of Urban Affairs; Indian Council for Research in International Economic Relations; Centre for Policy Research; and Indira Gandhi Institute of Development Research.
As Secretary, Department of Economic Affairs, Ministry of Finance, Government of India, he was Alternate Governor of the World Bank and Asian Development Bank, and Member of the Atomic Energy Commission and of the Space Commission.
He has been Director of the State Bank of India, National Housing Bank, Industrial Reconstruction Bank of India, the Industrial Credit and Investment Corporation of India (ICICI) and the Small Industries Development Bank of India (SIDBI).
He co-chaired the "Committee on Financial Sector Assessment" (2009) set up by the Government of India and the Reserve Bank of India.
He also co-chaired the G20 Working Group "Enhancing Sound Regulation and Strengthening Transparency" (2009).
He chaired the Working Group on "Capital Flows and Emerging Market Economies" (2009) set up by the Committee on Global Financial System (CGFS), Bank of International Settlements (BIS).
He has published a book titled "Monetary Policy in a Globalized Economy: A Practitioner's View" (Oxford University Press, 2009), which focuses on the issues relating to the evolution of banking and finance, the conduct of monetary policy, the management of the financial sector and the role of central banking.
Another book is "India's Economy: Performance and Challenges" (edited along with Shankar Acharya (Oxford University Press, 2010), containing essays in Honour of Montek Singh Ahluwalia
His latest book is "Growth with Financial Stability: Central Banking in an Emerging Market" (Oxford University Press, 2011)
He chaired the Expert Group on Railways (1999-2001); Expert Group on Commercialisation of Infrastructure Projects (1994-96) and the Expert Group on Petrochemicals (1992-93) and the Advisory Committee on National Accounts (1997-2000).
He was a Member of the High Level Committee on Competition Policy and Law (1999-2000), of the Expert Committee on Small Scale Industries (1996), and of the Committee to Review Textile Policy (1988-90).
He Co-chaired the Joint Study Groups on economic cooperation between India and Singapore (2002-2003); India and Sri Lanka (2003-2004), and India and China (2004-2005).
He served as Economic Adviser to the Government of India in the Ministry of Industry (1988-1996) where he played a major role in the formulation of the new Industrial, Trade and Foreign Investment Policy and at the Development Policy Division of the Planning Commission (1986-1988).
He started his professional career at the World Bank in 1976 as an Economist at the Development Economics Department, and worked extensively on urban economics for developing countries. He later participated in the Structural Adjustment Programme for the Philippines in the mid-1990s as Senior Economist in the Philippines Division.