The foundation for financial sector reform in the early 1990s, in India, was laid down by Governor Rangarajan, an academic, originally drawn from a Professorship of the Indian Institute of Management, Ahmedabad. The Board of the Reserve Bank generally has four academics of eminence, two each from economics and sciences. On an ongoing basis, the Reserve Bank benefits from active inputs from academics.
The transformation of this region has been aided by its reputation as a desirable location in which to live and work. Census data and statistics from interstate moving companies indicate a heavy flow of people moving into Charlotte from other states, including large numbers of educated workers. Overall, the area has gained an average of 39,000 net new residents every year since 1997.