The Centre on Wednesday appointed Poonam Gupta as Reserve Bank of India (RBI) Deputy Governor for a period of three years. She is currently the director general of economic policy think tank National Council of Applied Economic Research.
Gupta’s appointment comes days ahead of the upcoming meeting of the RBI’s Monetary Policy Committee (MPC), scheduled for April 7-9. She will succeed Michael D Patra, who served as RBI deputy governor from January 2020 to January 2025. Patra looked after monetary policy, economic and policy research and financial markets operations at the central bank.
Gupta is a member of the Economic Advisory Council to the Prime Minister and also convener of the Advisory Council to the 16th Finance Commission. She joined NCAER in 2021 after working at senior positions for nearly two decades at the International Monetary Fund (IMF) and World Bank in Washington DC.
In between, she taught at the Delhi School of Economics and the University of Maryland (USA). She was also a visiting faculty at the Indian Statistical Institute (ISI), Delhi. Gupta has also been the RBI Chair Professor at the National Institute of Public Finance and Policy (NIPFP) and a professor at the Indian Council for Research on International Economic Relations Research (ICRIER).
At NCAER, Gupta leads the work on issues related to economic growth, international financial architecture, central banking, macroeconomic stability, public debt, and state finances.
Gupta has nearly 50 widely-cited research papers and an edited book on India and China (with Barry Eichengreen) to her credit. Her work has been cited in the Economist, the Financial Times and The Wall Street Journal.
The newly appointed RBI deputy governor holds a Master’s degree and PhD in Economics from the University of Maryland, US, and a Master’s degree in Economics from the Delhi School of Economics, University of Delhi.
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With Gupta’s appointment, the RBI now has four deputy governors including M Rajeshwar Rao, T Rabi Sankar and Swaminathan J.
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