Dr Poonam Gupta appointed as Deputy Governor of RBI

The Government of India has appointed Dr. Poonam Gupta as the new Deputy Governor of the Reserve Bank of India (RBI) for a term of three years. The appointment, made under the provisions of the Reserve Bank of India Act, 1934, marks a significant addition to the central bank’s leadership at a crucial time for the Indian economy.

Dr Gupta, who currently serves as the Director General of the National Council of Applied Economic Research (NCAER), brings extensive experience in economic policy, research, and financial regulation. She will take over the role from the date of her joining or until further orders, said the RBI press release.

She joined NCAER in 2021 and has been leading research on topics like economic growth, financial stability, and public debt.

A noted economist, Dr. Gupta having an experience of 20 years has previously held key positions at the World Bank and the International Monetary Fund (IMF), where she contributed to policy discussions on macroeconomic stability, trade, and fiscal reforms. Her appointment is expected to strengthen RBI’s focus on economic research and policy formulation, particularly in managing inflation, banking sector reforms, and financial inclusion.

She has also worked as a professor in several reputed institutions. For instance, she worked at Delhi School of Economics, University of Maryland (USA) and Indian Statistical Institute (ISI), Delhi.

Dr Gupta’s expertise in economic modeling and data-driven policy analysis is likely to play a vital role in the central bank’s decision-making. As Deputy Governor, she will oversee crucial aspects of monetary policy, financial supervision, and economic forecasting, areas that are critical in navigating global uncertainties and domestic financial challenges.

Her appointment comes at a time when India’s economy is at a transformative juncture, grappling with inflationary pressures, evolving digital finance ecosystems, and the RBI’s efforts to ensure financial stability. Analysts believe that her deep understanding of global economic trends and India’s financial architecture will contribute significantly to shaping the central bank’s policy outlook.

Dr Gupta’s tenure will be closely watched for her role in driving regulatory reforms and steering India’s monetary policy in alignment with economic growth objectives. Her leadership is expected to further reinforce RBI’s commitment to fostering a resilient and inclusive financial system.