The central government has approved the appointment of Poonam Gupta, Director General of the National Council of Applied Economic Research (NCAER), as the Deputy Governor of the Reserve Bank of India (RBI) for three years.
This position became vacant after Michael Debabrata Patra stepped down in January.
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Appointment Details
According to sources, the Appointments Committee of the Cabinet (ACC) has cleared Gupta’s appointment for a three-year term from the date she assumes charge.
Apart from leading NCAER, she is also a member of the Prime Minister’s Economic Advisory Council and the convenor of the Advisory Council of the 16th Finance Commission.
Extensive Experience in Economics
Before joining NCAER in 2021, Poonam Gupta worked at senior levels in the International Monetary Fund (IMF) and the World Bank in Washington for nearly two decades.
She has also taught at the Delhi School of Economics and the University of Maryland (USA). Additionally, she has served as a visiting faculty member at the Indian Statistical Institute (ISI) in Delhi
and has held key positions at the National Institute of Public Finance and Policy (NIPFP) and the Indian Council for Research on International Economic Relations (ICRIER).
Educational Background
Gupta holds a Master’s degree in Economics from the University of Maryland, USA, and a PhD in Economics from the Delhi School of Economics, University of Delhi.
In 1998, she was awarded the Exim Bank Prize for her PhD research in International Economics.
Sanjay Malhotra Appointed as RBI Governor
Last year, 56-year-old Sanjay Malhotra was appointed as the Governor of the Reserve Bank of India for a three-year term, starting December 9, 2024.
Before this, he served as India’s Revenue Secretary. Malhotra replaced Shaktikanta Das, who completed his six-year tenure as RBI Governor.