The 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 term of three years, sources told news agency PTI.
This position became vacant after M.D. Patra’s tenure ended in January.
Sources confirmed that the Appointments Committee of the Cabinet (ACC) sanctioned Gupta’s appointment for the role for three years, which will take effect from the date she joins the RBI. The joining date has not been confirmed yet.
Economist Poonam Gupta, currently the Director General of NCAER, India’s largest economic policy think tank, has an extensive background in economic policy.
She is also a member of the Economic Advisory Council to the Prime Minister and serves as the Convener of the Advisory Council to the 16th Finance Commission. Prior to joining NCAER in 2021, Gupta spent nearly two decades working in senior roles at the IMF and the World Bank in Washington, D.C.
In addition to her administrative roles, Gupta has taught at several prestigious institutions, including the Delhi School of Economics, the University of Maryland (USA), and as a visiting faculty member at ISI Delhi. She has also held academic positions as the RBI Chair Professor at the National Institute of Public Finance and Policy (NIPFP) and as a Professor at the Indian Council for Research on International Economic Relations (ICRIER).
Gupta holds both a Master’s degree and a PhD in Economics from the University of Maryland, USA, and a Master’s degree in Economics from the Delhi School of Economics, University of Delhi. In recognition of her academic achievements, she won the 1998 EXIM Bank Award for her PhD thesis on international economics.
