You are here: Home » Opinion ยป Columns
Business Standard

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 ...

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

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