The 10 Economic Experts Who Advise our PM
By siliconindia   |   Friday, 30 September 2011, 01:41 IST   |    4 Comments
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2.Duvvuri Subbarao, Governor, Reserve Bank of India:
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Subbarao is a 1972 batch Indian Administrative Service (IAS) officer of Andhra Pradesh cadre. He is the 22nd and current Governor of Reserve Bank of India, serving under Prime Minister Manmohan Singh. He did his schooling from the Sainik School in Korukonda, Andhra Pradesh. He graduated in Physics B.Sc Hons. from Indian Institute of Technology Kharagpur (class of 1969) where he was the recipient of Director's Gold Medal. He received a M.Sc degree also in Physics from Indian Institute of Technology Kanpur. Subbarao topped the IAS examination in 1972 and was assigned the Andhra Pradesh cadre. He later did a Masters degree (MS) in economics from Ohio State University, United States and was a Humphrey Fellow at Massachusetts Institute of Technology. Although the RBI governor works autonomously, his role in shaping the country's economic policies cannot be overstated. Subbarao has earned more critics in recent months for supposedly killing growth, but a few admirers too for his conviction. "Subbarao is a pragmatic and astute central banker who has taken independent decisions based on his well-researched conviction," says Madan Sabnavis, chief economist at rating company Care. "He has recognised inflation as being the single most important malaise afflicting the economy and pursued the goal of increasing rates, notwithstanding the pressures being exercised from different quarters, displaying a lot of character." As quoted by ET.

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