India on Wednesday appointed former World Bank and International Monetary Fund economist Poonam Gupta as a Deputy Governor at the Reserve Bank of India (RBI). Gupta’s appointment comes at a crucial time, as the RBI is in the midst of a monetary policy easing cycle.
According to a report by Bloomberg, an Indian official, speaking on condition of anonymity in line with government regulations, stated that Gupta has been appointed for a three-year term. Her expertise in global finance and policy is expected to contribute significantly to the RBI’s decision-making process during this period of economic transition.
The Appointments Committee of the Cabinet has approved the appointment of Poonam Gupta, a member of the Economic Advisory Council to the Prime Minister. Before leading the National Council of Applied Economic Research (NCAER), she served as Lead Economist for Global Macro and Market Research at the International Finance Corporation. Her past roles also include professor at the Indian Council for Research on International Economic Relations and the Delhi School of Economics, as well as a researcher at the International Monetary Fund (IMF).
Educational Background
- Ph.D. in Economics – University of Maryland, College Park (1998)
- Specialization: Macroeconomics, International Finance, and International Trade
- M.A. in Economics – University of Maryland, College Park (1995)
- M.A. in Economics – Delhi School of Economics (1991)
- B.A. in Economics – Hindu College, Delhi University (1989)
She won the 1998 EXIM Bank award for her PhD in international economics.