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T C A Srinivasa-Raghavan: Governor Patel: Float like a butterfly, sting like one

The first time an economist was made governor was in May 1977

T C A Srinivasa-Raghavan 

T C A Srinivasa-Raghavan

On Monday, the Reserve Bank of India (RBI) will get its 24th Governor, Urjit Patel. He is an economist. The first time an economist was made governor was in May 1977. That was M Narasimham, an old RBI hand, who held the post for six months.

Since then there have been eight economists who have been governors: I G Patel, Manmohan Singh, C Rangarajan, Bimal Jalan, Y V Reddy, D Subbarao and Raghuram Rajan. Now there is the ninth, Urjit Patel. Of these eight, all but Rangarajan had served for several years in the finance ministry. Rangarajan was never there but had been part of the government ...

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First Published: Fri, September 02 2016. 21:37 IST