Ex-RBI dy Guv joins Yale; says no Indian varsity offered job



New Delhi: Former RBI deputy governor Rakesh Mohan, who has been appointed as a faculty in the prestigious Yale University, today said he was not offered a teaching job by any Indian university.

"None of the Indian universities offered me to join them as a professor. When one of the top dozen universities sends you a call, you do not deny," he said when asked about why he didn't think of teaching in India.

Mohan said he would like to see India as the intellectual centre of the world in the coming years.

"At every point of time, there are particular intellectual centres, like it was Europe at some time and now it is the US. I hope to see India as the intellectual centre of the world in the coming years," Mohan told PTI here.

He said a great deal of work is going on in the Asian countries nowadays and hoped that India would be able to revamp its higher education system.

"What is important from the country's point of view is to build intellectual capacity. We can aim and hope that India becomes the intellectual centre of the world soon," he said.

Speaking about the concept of 'brain drain' and 'brain gain', the economist said, "Today's world is a global world and each country engages with the other. You never know brain drain or gain."

Mohan has been appointed as professor in the Practice of International Economics and Finance in the Yale School of Management, and as a senior Fellow in the Jackson Institute for Global Affairs at Yale University.

"Mohan now joins the Yale faculty that includes Tony Blair, Ernesto Zedillo and Rajendra Pachauri among other notable people," George Jospeh, assistant secretary of the university, said.

Mohan has done his Master's and Doctorate in Economics from Princeton University and BA from Yale, besides a Bachelors of Science in Electrical Engineering from Imperial College of Science and Technology, University of London.

He is currently the non-executive vice chairman of the Indian Institute of Human Settlements, and Global Adviser to the McKinsey Global Institute, McKinsey and Company.

In February, Prime Minister Manmohan Singh appointed Mohan as chairman of the multi-ministry National Transport Development Policy Committee to recommend transportation policy for India.

The economist will formally serve on the faculty from July 1.

-PTI