RBI governor shortlist: Arvind Subramanian and Urjit Patel frontrunners
The Chief Economic Advisor of India Arvind Subramanian and the Deputy Governor of RBI Urjit Patel are among the three candidates shortlisted to replace Raghuram Rajan, CNN News18 reported.
Vice Chairman of Niti Aayog of India Arvind Panagriya is the third candidate in the reckoning.
Prime Minister Narendra Modi is expected to take a final decision in the matter soon.
As the current RBI governor Raghuram Rajan’s term ends on 4 September 2016 top authorities have started considering the names for the position long back.
Prior experiences of the front runners suggest that both make a good fit for the position.
Subramanian is an IIM Ahmedabad alumnus.
He had been a Dennis Weatherstone Senior Fellow at the Peterson Institute for International Economics.
He had also served as an economist at the International Monetary Fund.
His works as a former Senior Fellow with Centre for Global Development were also commendable.
Being a former advisor-Energy & Infrastructure, Boston Consulting Group, Patel has also excellent credential to head the apex bank.
He led the Committee on ‘Flexible Inflation Targeting’ and had also worked at the IMF.
He earned his PhD from Yale University in the USA.