Poonam Gupta Appointed as RBI Deputy Governor Ahead of MPC Meeting
The Government of India has appointed Poonam Gupta, Director General of the National Council of Applied Economic Research (NCAER), as the new Deputy Governor of the Reserve Bank of India (RBI). She will serve a three-year term, succeeding Michael Patra, who retired in January 2025.
Her appointment comes just before the crucial Monetary Policy Committee (MPC) meeting, scheduled for April 7-9, 2025.
Who Is Poonam Gupta?
Poonam Gupta is a well-respected economist with extensive experience in macroeconomics, international finance, and trade. Before leading NCAER, she held prominent positions at:
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International Finance Corporation (IFC) – Lead Economist for Global Macro & Market Research
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Economic Advisory Council to the Prime Minister (EAC-PM) – Member
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International Monetary Fund (IMF) – Researcher
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Indian Council for Research on International Economic Relations (ICRIER) – Professor
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Delhi School of Economics – Faculty
She is also a member of the Advisory Council of the 16th Finance Commission.
Educational Background
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Ph.D. in Economics – University of Maryland, College Park (1998)
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M.A. in Economics – University of Maryland, College Park (1995)
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M.A. in Economics – Delhi School of Economics (1991)
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B.A. in Economics – Hindu College, Delhi University (1989)
She was awarded the 1998 EXIM Bank award for her Ph.D. in International Economics.
With her deep expertise in policy research, financial markets, and global trade, Gupta is expected to play a crucial role in shaping RBI’s monetary policies in the coming years.