Raghuram Rajan not interested in AAP's Rajya Sabha seat, happy with his teaching job

After reports surfaced on Wednesday of Raghuram Rajan joining AAP, the ex boss of Reserve Bank of India issued a statement clarifying on the matter. 

His office at the University of Chicago released a statement, stating, "While Professor Rajan is engaged in a variety of educational activities in India, he has no plans to leave his full-time academic job at the University of Chicago."

The reaction came after media reports claimed that Arvind Kejriwal's Aam Aadmi Party has been considering giving its three Rajya Sabha seats to outsiders and former governor of Reserve Bank of India, Raghuram Rajan tops the list. 

Delhi-based Aam Aadmi party has been entitled to three members in the Upper House whose term will begin in January. The report citing sources said that the Chief Minister Arvind Kejriwal wanted to pick professionals and "outsiders"in place of leaders from the party for all the three seats.

At present, Rajan is pursuing academics at the Booth School of the University of Chicago, where he also taught till 2003.

In 2003, he also became one of the youngest chief economist and director of research at the International Monetary Fund.

During his stint, Rajan also caught attention of world's renowned economist for the noteworthy paper he delivered at the Fed’s big annual conference in Jackson Hole, Wyo., in 2005, Forsyth mentioned in his blog.

He wrote about Rajan's paper and the predictions he made in his research which eventually turned out to be true.