Poonam Gupta has been appointed as the Deputy Governor of the Reserve Bank of India (RBI) for a three-year term. The government’s decision follows the retirement of Michael Patra, who held the position until January 2025. Gupta’s appointment comes just before the RBI’s key Monetary Policy Committee (MPC) meeting scheduled for April 7-9, 2025.
Currently serving as the Director General of the National Council of Applied Economic Research (NCAER), Gupta has an impressive background in economics and public policy. Prior to joining NCAER in 2021, she accumulated over two decades of experience at renowned international institutions such as the International Monetary Fund (IMF) and the World Bank. Gupta has also held various academic roles, including teaching positions at the Delhi School of Economics and the University of Maryland, as well as serving as a visiting faculty member at the Indian Statistical Institute (ISI).
Poonam Gupta’s Academics
Gupta’s academic credentials are robust, with a Ph.D. in Economics from the University of Maryland and a Master’s degree in Economics from both the University of Maryland and Delhi School of Economics. She was honored with the EXIM Bank award in 1998 for her research in international economics.
In addition to her role at NCAER, Gupta is 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. She also holds board positions with the Global Development Network (GDN) and contributes to the World Bank’s advisory groups focusing on ‘Poverty & Equity‘ and the ‘World Development Report.’
Poonam Gupta’s Ideologies and Leadership
Gupta’s leadership at NCAER has focused on vital research areas such as economic growth, central banking, public debt, and macroeconomic stability. Her broad expertise in global financial systems and policy is expected to be a valuable asset as she steps into her new role at the RBI, where she will oversee crucial areas of monetary policy and financial regulation.
Her appointment to this high-profile role is seen as a significant development in India’s economic landscape, bringing together her academic, institutional, and government experience to the country’s central bank.
