Rakesh Mohan, one of India's former senior-most economic policy makers, says the public sector offers a challenging and fulfilling career and the country's young professionals must mull over joining such services rather than solely focused on lucrative jobs in non-government fields.
Back after a six-month stint at the Stanford University, the former deputy governor of Reserve Bank of India said there was a need to inculcate a sense of social responsibility in education courses and easing of recruitment procedure in public sector.
"I have spent my life mostly in public sector. And it's been a fulfilling life. I couldn't hope for anything better", he told PTI.
Mohan quit RBI in a surprise move in May last year, a full year before his tenure was to come an end. At RBI, he looked after monetary policy, financial markets, economic research and statistics, among others.
"I had a very, very fruitful six months in Stanford and I had gone there with the objective of putting together my second book on monetary policy and financial policy. I have succeeded in doing the first draft. Hopefully, it will get published", he said.
The book focuses on India's monetary policy and its approach to financial policy, with some chapters also dealing with global crisis.
