Poonam Gupta: Former World Bank Economist Named RBI Deputy Governor

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The Central government has appointed Poonam Gupta, the current Director General of the National Council of Applied Economic Research (NCAER), as the Deputy Governor of the Reserve Bank of India (RBI). She replaces MD Patra, who demitted office in January.

Gupta will serve as Deputy Governor for a tenure of three years, as per the decision of the Appointments Committee of the Cabinet (ACC). With her appointment, she joins the existing three deputy governors of RBI—M. Rajeshwar Rao, T. Rabi Sankar, and Swaminathan J.

Who is Poonam Gupta?

Poonam Gupta is an accomplished economist with a strong academic and professional background in economics and financial policymaking.

Academic Credentials

1. Gupta holds a PhD and a Master’s degree in Economics from the University of Maryland, USA.
2. She also has a Master’s degree in Economics from the Delhi School of Economics, University of Delhi.

Professional Career

1. Before joining RBI, Gupta served as Director-General at NCAER, India’s premier economic policy think tank.
2. She has worked in senior roles at the World Bank and International Monetary Fund (IMF) in Washington, DC, for nearly two decades.
3. She was also an RBI Chair Professor at the National Institute of Public Finance and Policy (NIPFP) and a Professor at ICRIER (Indian Council for Research on International Economic Relations).

Policy and Advisory Roles

1. Gupta is a member of the Economic Advisory Council to the Prime Minister (EAC-PM) and the Convener of the Advisory Council to the 16th Finance Commission.
2. She serves on the Development Advisory Committee of NITI Aayog and is part of FICCI’s Executive Committee.
3. She was the Chair of the Task Force on Macroeconomics and Trade during India’s G20 Presidency.
4. She is also on the Boards of NIPFP and the Global Development Network (GDN) and is part of the World Bank’s advisory groups for ‘Poverty & Equity’ and the ‘World Development Report’.

Achievements and Recognition

1. Her expertise lies in economic growth, macroeconomic stability, central banking, public debt, international finance, and state finances.
2. She won the 1998 EXIM Bank Award for her PhD dissertation on international economics.

Gupta’s vast experience in global and domestic economic policymaking is expected to bring significant insights into RBI’s decision-making, financial stability, and economic growth strategies.

Sources By Agencies