Modi government plays it safe and appoints the well-regarded
Urjit Patel to the post of RBI Governor
“Urjit Patel, 52, a
deputy governor of the central bank for the past three years, is the key
architect for the fundamental change in how monetary policy is framed in India….
A Ph.D in economics
from Yale University and a M.Phil from Oxford, he was an advisor to the Boston
Consulting Group before his stint at the RBI. Patel has also worked
with the International Monetary Fund (IMF) and with think-tank, The Brookings
Institution.”