Dr Rakesh Mohan is Deputy Governor of the Reserve Bank of India
Prior to his current position, Dr Mohan has been Director and Chief Executive of the Indian Council for Research and International Economic Relations and Vice Chairman, Infrastructure Development Finance Company. He also held the position of Adviser to the Finance Minister and Chief Economic Adviser between January 4, 2001 and May 15, 2002. He has also been Member of the Economic Advisory Council to the Prime Minister; Member of the Telecom Regulatory Authority of India; Member of the Board of Governors, Institute of Economic Growth; Member, Board of Governors, National Institute of Public Finance and Policy; Member, Governing Body, National Council of Applied Economic Research; Member, Board of Governors, Madras School of Economics; Member of the Atomic Energy Commission and of the Space Commission. As Secretary, Department of Economic Affairs he was also Alternate Governor of the World Bank and Asian Development Bank.
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). He also Co-chaired the Joint Study Group on economic cooperation between India and Singapore (2002-2003); India and Sri Lanka (2003-2004), and India and China (2004-2005)
Dr Mohan played a critical role in facilitating the India-Singapore Comprehensive Economic Cooperation Agreement (CECA). As the Indian Co-Chairman of the Joint Study Group (JSG) from 2002 to 2003, he not only recommended but also laid the basic foundations and framework for the subsequent India-Singapore CECA. Dr Mohan was also indirectly involved in India's subsequent CECA efforts as a result of his assuming the portfolio of Secretary of the Department of Economic Affairs in the Indian Ministry of Finance. In recognition of his efforts, Singapore is honoring him as the first Singapore Indian Partnership Foundation Fellow
Dr Mohan has also 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 has also 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 has also been a Member of Tariff Authority for Major Ports (1997-2002) and the Securities Exchange Board of India (2001-02)
As an economist, Dr Mohan has researched extensively in the areas of economic reforms and liberalisation, industrial economics, urban economics, infrastructure studies and economic regulation. monetary policy and the financial sector. He is the author of three books on urban economics and urban development and co-author of one on Indian economic policy reforms and of numerous articles.
Born on January 14, 1948, Dr. Rakesh Mohan received his Masters degree and Doctorate in Economics from Princeton University and BA in Economics from Yale University. He is also a Bachelor of Science in Electrical Engineering from Imperial College of Science and Technology, University of London.