Dr. Poonam Gupta has been appointed the new RBI Deputy Governor, officially assuming office on May 2, 2025, for a three-year term. This high-profile appointment comes when the Reserve Bank of India faces multiple economic challenges, including global financial instability and domestic inflationary pressures.
Dr. Poonam Gupta is a noted economist with extensive experience in international finance and public policy. Before becoming the RBI Deputy Governor, she served as the Director General of the National Council of Applied Economic Research (NCAER). She also contributed her expertise as a member of the Prime Ministerβs Economic Advisory Council.
Dr. Gupta has previously held influential roles at the World Bank and the International Monetary Fund (IMF) and taught economics at prestigious institutions like the Delhi School of Economics and the University of Maryland. Her academic and policy-making background uniquely positions her to steer India’s central banking in a strategic direction.
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ποΈ Departments Under Her Supervision
As the RBI Deputy Governor, Dr. Gupta will manage key departments crucial for national and international economic stability:
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Monetary Policy Department
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Financial Market Operations
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Economic and Policy Research
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Financial Stability Unit
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International Department
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Statistics and Information Management
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Corporate Strategy and Budget Department
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Communication Department
Her purview covers both domestic and international financial management, making her one of the most powerful figures in Indiaβs economic policy apparatus.
π Why This Appointment Matters
Dr. Gupta’s appointment comes at a crucial time when India is facing economic headwinds, including global market volatility, domestic inflation concerns, and the need for robust policy intervention. Her international exposure is likely to enhance RBIβs ability to coordinate with global institutions while maintaining macroeconomic stability at home.
Additionally, as the first woman economist in this role in recent years, her appointment may encourage more inclusive leadership within Indiaβs financial institutions.
β Points to Remember
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π Dr. Poonam Gupta took charge as RBI Deputy Governor on May 2, 2025 for a three-year term.
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π She succeeded Dr. Michael Patra, whose term ended in January 2025.
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π Previously held roles at NCAER, IMF, World Bank, and Prime Ministerβs Economic Advisory Council.
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π She oversees Monetary Policy, Financial Markets, Financial Stability, and Communication, among others.
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π Her leadership is pivotal as India grapples with inflation and external economic pressures.
Source : The Print
π MCQs on RBI Deputy Governor Poonam Gupta
1. On which date did Dr. Poonam Gupta assume charge as the Deputy Governor of the Reserve Bank of India (RBI)?
A. January 15, 2025
B. March 31, 2025
C. May 2, 2025
D. April 1, 2025
β
Correct Answer: C. May 2, 2025
2. Dr. Poonam Gupta succeeded which former Deputy Governor of the RBI?
A. Viral Acharya
B. Shaktikanta Das
C. Michael Patra
D. Raghuram Rajan
β
Correct Answer: C. Michael Patra
3. Which of the following departments will Dr. Poonam Gupta oversee as RBI Deputy Governor?
A. Economic and Policy Research
B. Monetary Policy
C. Financial Market Operations
D. All of the above
β
Correct Answer: D. All of the above
4. Before her appointment to the RBI, Dr. Poonam Gupta served as the Director General of which organization?
A. NITI Aayog
B. Ministry of Finance
C. National Council of Applied Economic Research (NCAER)
D. Reserve Bank of India
β
Correct Answer: C. National Council of Applied Economic Research (NCAER)
5. Which of the following global institutions has Dr. Poonam Gupta previously worked with?
A. International Labour Organization (ILO)
B. World Bank and IMF
C. UNESCO and WTO
D. UNDP and ADB
β
Correct Answer: B. World Bank and IMF
6. What is the tenure of Dr. Poonam Gupta as RBI Deputy Governor?
A. 1 year
B. 2 years
C. 3 years
D. 5 years
β
Correct Answer: C. 3 years
7. Dr. Poonam Gupta has held academic positions at which of the following institutions?
A. Harvard University
B. Delhi School of Economics and University of Maryland
C. IIM Ahmedabad
D. LSE and Oxford
β
Correct Answer: B. Delhi School of Economics and University of Maryland
8. Which key issue is expected to be a major focus under Dr. Guptaβs leadership at the RBI?
A. Environmental Regulations
B. Domestic Inflation and Global Financial Stability
C. Electoral Reforms
D. Industrial Policy
β
Correct Answer: B. Domestic Inflation and Global Financial Stability
