Putting an end to months of speculations, the Appointments Committee of the Cabinet (ACC) on Saturday announced Urjit Patel as the new Reserve Bank of India Governor. Patel is an eminent economist, consultant and banker who will replace the incumbent Raghuram Rajan, a former International Monetary Fund chief economist.
Patel will take up the top job for a three-year term on September 4, the day Dr. Rajan’s three-year term expires. The choice of Patel somewhere reflects government’s preference for continuity to the Rajan tradition. 52-year-old macro-economist was appointed deputy governor in 2013 and since then he has been a key player in RBI’s war on inflation.
Here is a look at who said what about Patel’s appointment as the next RBI Governor:
N R Narayana Murthy, Infosys founder
He (Urjit Patel) is the right man to succeed Raghuram Rajan. Who better than him to see what needs to be done to stimulate growth and contain inflation,â€
Jagdish Bhagwati, economist
Dr Urjit Patel is a terrific choice. A student of the great Indian economist, Professor T N Srinivasan, and also a macroeconomic expert trained at Yale, Patel will be an ideal Governor who can take over with distinction and continuity from Dr Raghuram Rajan.â€
/newsnation-english/media/agency_attachments/2024-07-23t155806234z-logo-webp.webp){kind=logo}
Follow Us/newsnation-english/media/post_attachments/images/2016/08/21/285176189-urjitpatel.jpg)