Who is Poonam Gupta? Newly Appointed RBI Deputy Governor; Education, Career Details

The government has appointed Poonam Gupta, the Director General of NCAER, as the RBI Deputy Governor for a three-year term. The RBI Deputy Governor position became vacant after MD Patra resigned in January.

According to the news agency PTI, Poonam Gupta has been appointed as the RBI Deputy Governor for a three-year term by the Appointments Committee of the Cabinet (ACC), with effect from the day of her appointment.

Poonam Gupta Background

At the moment, Poonam Gupta serves as the Director General of the National Council of Applied Economic Research (NCAER), the biggest think tank in India for economic policy. In addition, she is the Convener of the Advisory Council to the 16th Finance Commission and a member of the Prime Minister's Economic Advisory Council.

She worked in high positions at the World Bank and the International Monetary Fund (IMF) in Washington, DC, for almost 20 years before joining NCAER in 2021. She has also held visiting professor positions at the Indian Statistical Institute (ISI), Delhi, and taught at the University of Maryland (USA)'s Delhi School of Economics.

Poonam Gupta Educational Qualification

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Poonam Gupta’s Role at RBI

In her new role at RBI, Poonam Gupta will focus on tackling key economic issues and shaping policies to support India’s economic growth. Her past experience as the RBI Chair Professor at the National Institute of Public Finance and Policy gives her valuable knowledge about the Reserve Bank’s functions and strategies.

Her hiring is anticipated to improve the RBI's strategy for addressing interest rates, inflation, and other monetary issues while adhering to global best practices.