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Poonam Gupta Named RBI Deputy Governor
The Reserve Bank of India (RBI) has named Poonam Gupta, a renowned economist and National Council of Applied Economic Research (NCAER) Director General, as its new deputy governor. Her appointment precedes the central bank's bi-monthly monetary policy committee meeting from April 7-9, 2025. She will hold office for three years, replacing Michael Patra as the deputy governor.
Gupta, a well-respected economist with long-term experience in international financial institutions, has been an important advisor to India's economic policy environment. She is a member of the Economic Advisory Council to the Prime Minister and convener of the Advisory Council to the 16th Finance Commission.
Prior to joining NCAER in 2021, Gupta worked almost two decades in senior roles at the World Bank and the International Monetary Fund (IMF) in Washington, D.C. She also has teaching experience in the Delhi School of Economics, University of Maryland (USA), and the Indian Statistical Institute (ISI), Delhi. Also, she has been an RBI Chair Professor at the National Institute of Public Finance and Policy (NIPFP) and as professor at the Indian Council for Research on International Economic Relations (ICRIER).
Gupta is also closely engaged in several advisory positions, being a board member of NIPFP and the Global Development Network (GDN). She is also an advisor to World Bank's advisory groups on 'Poverty & Equity' as well as the 'World Development Report.' Gupta has also been a major contributor to India's economic policy context, having presided over the Task Force on Macroeconomics and Trade in India's G20 Presidency.
A 1998 EXIM Bank Awardee for her doctoral research in international economics, Gupta has a PhD and Master's degree in Economics from the University of Maryland, USA, and a Master's degree from the Delhi School of Economics, University of Delhi.
She will be working on macroeconomic stability, monetary policy, and financial regulation at RBI, utilizing her extensive experience in global financial systems and public policy.
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