Home           Profile          Books          Papers & Speeches          Interviews          Reports          Contact
       WELCOME !

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 Boards of Nestle India, Kirloskar Brothers Ltd. and Mahindra United World College of India.

He held the position of 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 Minister of State. In addition, he was Vice-Chairman, Indian Institute of Human Settlements, now proposed to be among the first Indian Innovation Universities. 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 to October 2010, where he taught in every fall semester. Prior to that, he was Distinguished Consulting Professor at the Stanford Center for International Development, Stanford University, during June to December 2009.

He 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 was Chief Economic Advisor, Ministry of Finance, Government of India in 2001-02 and has held several other senior positions in the Government of India.

He was a member of the Advisory Committee to the Competition Commission of India; a Member of the Boards of DSP Black Rock Mutual Fund, Tata Auto Components, Sona Koyo Ltd and Nestle India; and a Member of the Indian advisory boards of Rio Tinto and BNP Paribas, during 2010-2012.

Dr. Rakesh Mohan was Director General of the National Council of Applied Economic Research (1996-2000), Director and Chief Executive of the Indian Council for Research and International Economic Relations (2002), and Vice Chairman, Infrastructure Development Finance Company (1999-2000,2002).

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 was a Member of the Economic Advisory Council to the Prime Minister; the Telecom Regulatory Authority of India; the National Security Advisory Board; the Tariff Authority of Major Ports; and of the Securities and Exchange Board of India in the late 1990s and early 2000s..

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 of India.

He has been Director in the Boards 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), appointed after the Great Financial Crisis in 2008.

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 chaired the Expert Group on Commercialization of Infrastructure Projects (1994-96) which culminated in the India Infrastructure Report (1997); the Expert Group on Railways (1999-2001), which resulted in the India Railways Report 2001; 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).

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 has published three books on urban economics: "Urban Economic and Planning Models: Assessing the Potential for Cities in Developing Countries" (Johns Hopkins University Press, 1979); "Work, Wages and Welfare in a Developing Metropolis: Consequences of Growth in Bogota, Colombia" (Oxford University Press, 1987); and "Understanding the Developing Metropolis: Lessons from the City Study of Bogota and Cali, Colombia" (Oxford University Press, 1994).

He has also published two books on monetary policy and central banking titled "Monetary Policy in a Globalized Economy: A Practitioner's View" (Oxford University Press, 2009), and "Growth with Financial Stability: Central Banking in an Emerging Market" (Oxford University Press, 2011), which focus 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 in an emerging market.

Another book is "India's Economy: Performance and Challenges" (edited along with Shankar Acharya (Oxford University Press, 2010), containing essays on Indian economic reforms in honour of Montek Singh Ahluwalia.

His new edited book "India Transformed: 25 Years of Economic Reforms" (Penguin Random House) has just been published in 2017.

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-1980s as Senior Economist in the Philippines Division.

Dr Mohan, 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.