Urjith Patel has been serving as Deputy Governor of the central
bank for more than three years. A panel under his chairmanship had proposed
inflation-targeting and the setting up of a monetary policy committee.
He holds a Doctorate (Ph.D) in Economics from Yale
University. He is also a graduate of the University of London and Oxford
University. He is known as an expert on inflation and has also been with the
IMF and the Boston Consulting Group.
In September 2016, Urjit Patel will take over as the 24th
Governor of the Reserve Bank of India.
Here is a brief outline of his education and career so far:
> Born October 28,1963 Urjit Patel completed his BA from the
London School of Economics [LSE, University of London], and M. Phil. degree
from Oxford University
> Did his Phd in Economics from Yale University
> Worked at the International Monetary Fund in the U.S.,
India, Bahamas and Myanmar desks between 1990 and 1995.
> Deputed from the IMF to the RBI between 1996 and 97,
during which period he advised on the development of debt market, banking
sector reforms, pension fund reforms, real exchange rate targeting and
evolution of the foreign exchange market
> Served as a consultant to the Ministry of Finance,
Department of Economic Affairs between 1998 and 2001.
> Between 2000 and 2004, he worked closely with several
high-level Central and State government committees such as the Task Force on
Direct Taxes, the Ministry of Finance, and the Secretariat for the Prime
Minister’s Task Force on Infrastructure.
> Served as president of Business Development at Reliance
Industries Limited from 1997 to 2006
> Before his appointment as Deputy Governor of RBI in 2013,
he was an advisor on energy and infrastructure at The Boston Consulting Group.
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