Sri City, 5 November 2019…An inspiring day on the Krea campus, as Dr. Raghuram G. Rajan, former Governor of Reserve Bank of India, visited Krea University and interacted with the students and faculty. Dr. Rajan is the Katherine Dusak Miller Distinguished Service Professor of Finance at The University of Chicago Booth School of Business, and Advisor – Governing Council & Academic Council at Krea University.
Dr.Rajan expressed his pleasure at meeting young students from the undergraduate batch of the School of Interwoven Arts and Sciences. He congratulated them on being the first cohort of students and their role in creating the university “It’s going to be your legacy as much as it is ours”. He fielded questions on the economic and political scenario in India, on topics ranging from majoritarianism, universal basic income and capitalism to ethics. Students also shared feedback with him on their journey at Krea so far.
Replying to a question on why he chose to be a part of Krea, Dr. Rajan said the temptation was to work with young minds and making sure they get a chance to get a world class education and become change makers in the future. He also expressed his belief that India will progress by being at the forefront of knowledge creation, for which young people are absolutely necessary.
Dr. Raghuram Rajan interacted with the faculty of IFMR Graduate School of Business next, and spoke about the practical and academic challenges faced by business schools worldwide. While answering questions posed by the faculty of IFMR-GSB, he urged them never to give up on research, as research implies curiosity, which gives rise to fresh courses, and students get to benefit.
During his interaction with the students of IFMR-GSB at the Student Hub, Dr. Rajan answered a volley of questions on topics ranging from economy to inflation, interest rates, taxation, fiscal deficit, jobs, education, entrepreneurship, international trade, banking and finance and politics. He also drew from his own experience at the Reserve Bank of India and shared his thoughts on how to cope with failures, stress and ethical challenges. Speaking on employment and jobs Dr. Rajan said “We need to create an environment where none of you needs to rely on a job. Be creative in your job search as there are a lot of interesting careers out there. Take a chance – start a business.”
After a working lunch with the Research Council, Dr. Raghuram Rajan met the SIAS faculty and interacted with them. He congratulated them on getting the School of Interwoven Arts and Sciences off to a great start and was curious to know more about the curriculum offered. He particularly commended Krea’s unique admissions process that seemed to have yielded very good results. Answering a question on whether Krea is modelled on any leading world-class university, Dr. Raghuram Rajan replied that Krea should be different “not for the sake of being different, but because different means better learning.”
Dr. Raghuram Rajan’s interactions with students and faculty at Krea University was a scheduled visit as part of his role as an advisor to the University.