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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

OnMonday,theReserveBankofIndia(RBI)willgetits24thGovernor,UrjitPatel.Heisaneconomist. ThefirsttimeaneconomistwasmadegovernorwasinMay1977.ThatwasMNarasimham,anoldRBIhand,whoheldthepostforsixmonths. Sincethentherehavebeeneighteconomistswhohavebeengovernors:IGPatel,ManmohanSingh,CRangarajan,BimalJalan,YVReddy,DSubbaraoandRaghuramRajan.Nowthereistheninth,UrjitPatel. Oftheseeight,allbutRangarajanhadservedforseveralyearsinthefinanceministry.Rangarajanwasnevertherebuthadbeenpartofthe ...