Duvvuri Subbarao is one of the most prominent economist ever country produced. He is the 22nd Governor of Reserve Bank of India, served under Prime Minister Dr.Manmohan Singh.
Subbarao was born on 11 August 1949 in Eluru, West Godavari district. He did his schooling from the Sainik School in Korukonda, He graduated in Physics B.Sc Hons. from Indian Institute of Technology Kharagpur (class of 1969). He received a M.Sc degree also in Physics from Indian Institute of Technology Kanpur. Subbarao topped the Civil Services Examination in 1972 and was assigned the Andhra Pradesh cadre. He was the first Telugu person to top the Civil services exam.
In 1978, he completed a master's degree in economics from Ohio State University, United States. After a few years, Subbarao joined the Humphrey Fellowship program at Massachusetts Institute of Technology to study Quantitative Economic Modelling. He became a Humphrey Fellow at MIT in 1982. He later received a Ph.D. in Economics from Andhra University.
Dr. Subbarao worked as the joint secretary in the Department of Economic Affairs, Ministry of Finance, Government of India between 1988 and 1993. Subsequently he became the Finance Secretary to the Government of Andhra Pradesh between 1993 and 1998. On completion of his term, he was deputed as lead economist in the World Bank from 1994 to 2004. On completion of his term, he was appointed to the Prime Ministers’ Economic Advisory Council from 2005 to 2007 before he was elevated as the Finance Secretary in 2007. On 5 September 2008, he was appointed the twenty-second Governor of Reserve Bank of India (RBI). He is the third Telugu person to become governor of RBI after Maidavolu Narasimham & Y.V. Reddy.
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