There are always dozens of candidates in the list of people likely to win the Nobel Prize in economics. And this year, former Reserve Bank of India Governor Raghuram Rajan has made it to the list.

Clarivate Analytics, an academic and scientific research company, maintains a list of numerous possible Nobel Prize winners based on research citations.

According to a Wall Street Journal report, Rajan was among the new additions to the list this year, along with Michael Jensen of Harvard University and Stewart Myers of MIT, “for their contributions illuminating the dimensions of decisions in corporate finance.”

To be clear, this does not mean that Rajan is one of the front-runners for winning the Prize this year. It does not even mean he is one of the contenders this year. The list maintained by Clarivate Analytics is a list of possible winners without adding further information on whether they will win.

Raghuram Rajan first shot to fame in 2008, three years after he first presented his counter-intuitive paper titled 'Has Financial Development Made the World Riskier' at Jackson Hole, Wyoming. The paper wasn’t received well, but when the crisis hit, economists regretted not paying attention to Rajan at the time.