Raghuram Rajan had the second shortest stint among post-1991 RBI governors
Since 1935, India’s central bank has had 24 people—all men—occupy the top post, the latest being Urijit Patel, beginning today. The 23 who came before him have had tenures of widely varying durations. On the one extreme lies A Ghosh, who was there for all of 20 days in 1985. On the other extreme was Sir Benegal Rama Rau, who took over 1949 and stayed there for nearly seven-and-a-half years.
Judging by the general consensus on his performance, Raghuram Rajan would have been a shoo-in for a term longer than the three years he ends up with. In this list of 23, that only ranks him 13 in the list of longest tenures as RBI governor. Even among the six RBI governors who have completed their terms since 1991, when India ushered in liberalisation, Rajan’s is the second shortest tenure, after S Venkitaramanan in 1991-92.