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Poonam Gupta Appointed as RBI Deputy Governor
The Government of India has appointed Dr. Poonam Gupta as a Deputy Governor of the Reserve Bank of India (RBI) for a three-year term, succeeding Michael Patra, who completed his tenure in January 2025. Dr. Gupta is the first woman to hold this position in over a decade.
Educational Background
Dr. Gupta holds a Ph.D. and a Master's degree in Economics from the University of Maryland, USA, and a Master's degree in Economics from the Delhi School of Economics, University of Delhi.
Professional Career
Prior to her appointment at the RBI, Dr. Gupta served as the Director General of the National Council of Applied Economic Research (NCAER), India's largest economic policy think tank. She has nearly two decades of experience working with the World Bank, where she was a Lead Economist focusing on India, and the International Monetary Fund (IMF), where she contributed to various departments.
Her academic roles include serving as a professor at the Delhi School of Economics, Visiting Faculty at the Indian Statistical Institute (ISI), RBI Chair Professor at the National Institute of Public Finance and Policy (NIPFP), and professor at the Indian Council for Research on International Economic Relations (ICRIER).
Advisory Roles
Dr. Gupta has also served in several prominent advisory capacities:
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Member of the Economic Advisory Council to the Prime Minister.
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Convener of the Advisory Council to the 16th Finance Commission.
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Board member of NIPFP and Global Development Network (GDN).
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Member of the World Bank’s advisory groups on Poverty & Equity and the World Development Report.
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Member of the Development Advisory Committee of NITI Aayog.
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Executive Committee Member of FICCI (Federation of Indian Chambers of Commerce & Industry).
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Chair of the Task Force on Macroeconomics and Trade during India’s G20 Presidency.
Research and Publications
Dr. Gupta has published extensively on topics related to macroeconomics and emerging market economies. Her work has appeared in leading academic journals and has been featured in international media outlets such as The Economist, Financial Times, and The Wall Street Journal.
Awards and Recognition
In 1998, Dr. Gupta was awarded the EXIM Bank Award for her doctoral research in international economics.
Personal Life
Details about Dr. Gupta's personal life are not widely publicized, as she maintains a focus on her professional endeavors.
Dr. Gupta's appointment comes ahead of the RBI's Monetary Policy Committee meeting scheduled for April 7-9, 2025. Her extensive experience in international finance and economic policy is expected to contribute significantly to the central bank's policy decisions, particularly in areas concerning monetary policy and economic research.
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