Indian-American Gita Gopinath joins IMF as its first female chief economist

Prominent Indian-American economist Gita Gopinath has joined as the chief economist of the International Monetary Fund, becoming the first woman to occupy the top post at the global lender. Gopinath, 47, joined last week at a time, when she believes the world is experiencing a retreat from globalisation, posing challenges to multilateral institutions. The John Zwaanstra professor of International Studies and Economics at Harvard University, Gopinath, a US citizen, succeeds Maurice (Maury) Obstfeld as Economic Counsellor and Director of the IMF’s Research Department. Obstfeld retired December 31. Announcing her appointment…

Read More

Even a non-PhD economist can do well as RBI Guv: Ex-RBI Guv D Subbarao

Former Reserve Bank of India (RBI) Governor D Subbarao said even a non-PhD economist can do well as head of the central bank. In an interview to CNBC-TV18, Subbarao said the Centre should choose a candidate who can command respect from the market. His statement comes a day after RBI Governor Urjit Patel resigned from his post citing personal reasons. Subbarao said Patel was seemingly pushed beyond his level of comfort. Without speculating on who the next governor will be, Subbarao said, “The government will have the task of restoring…

Read More