Breaking Barriers in Finance

In a landmark decision, the government has appointed Poonam Gupta as the new Deputy Governor of the Reserve Bank of India (RBI), marking a significant moment in the institution's history. This appointment not only fills a crucial vacancy but also brings a seasoned economist to the helm, ready to tackle the challenges of India's evolving financial landscape.

A Stellar Career

Currently serving as the Director General of the National Council for Applied Economic Research (NCAER), Gupta's expertise is not limited to her role at the think tank. She also contributes as a part-time member of the Economic Advisory Council to the Prime Minister and convenes the Advisory Council to the 16th Finance Commission. Her academic credentials, including a master's degree from the Delhi School of Economics and a doctorate from the University of Maryland, underscore her profound understanding of economic principles.

Vision for India's Economy

Gupta's work, particularly her collaboration with Barry Eichengreen, highlights her advocacy for a flexible monetary policy framework to manage inflation effectively. Her recent research underscores the success of states like Gujarat, Odisha, West Bengal, and Maharashtra in reducing their debt ratios, advocating for fiscal councils at the state level to ensure fiscal discipline.

A Historic Appointment

This appointment is historic, as Gupta becomes only the fourth woman to hold the position of Deputy Governor in the RBI's 88-year history, following in the footsteps of K J Udeshi, Shyamala Gopinath, and Usha Thorat. Her leadership is anticipated to bring fresh perspectives to India's monetary policy and economic strategies.