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 a three-year term.
This position was vacant after Michael Debabrata Patra stepped down in January.
Appointment Details
Sources confirm that the Appointments Committee of the Cabinet (ACC) has cleared Gupta’s appointment for three years, starting from the date she takes charge.
Besides leading NCAER, she is 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, Gupta worked in senior roles at the International Monetary Fund (IMF) and the World Bank in Washington for nearly 20 years.
She has also taught at the Delhi School of Economics and the University of Maryland (USA).
Additionally, she was 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 received 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.
