Urjit Patel, previous Reserve Bank of India (RBI) Governor, has actually been selected as Executive Director at the International Monetary Fund (IMF) by the Indian federal government.
This marks a go back to the organization where Patel, a Kenyan-born Indian economic expert, started his profession more than 3 years back.
With scholastic training from Oxford and Yale, Patel has actually held varied functions in worldwide financing, Indian policymaking, and the business sector.
From forming India’s financial policy structure to serving at the Asian Infrastructure Investment Bank (AIIB) as a vice president, his profession trajectory has actually been a long and remarkable one.
Profession Timeline of Urjit Patel
- Education:
- B.Sc. Economics– London School of Economics (1984)
- M.Phil. Economics– Oxford University (1986)
- Ph.D. Economics– Yale University (1990)
Check out: Urjit Patel, previous RBI guv, designated as executive director at International Monetary Fund
- 1990– 1995: Economist at the IMF, covering the United States, India, Bahamas, and Myanmar.
- 1996– 1997: On IMF deputation to RBI; encouraged on financial obligation markets, banking reforms, and currency exchange rate policy.
- 1998– 2001: Consultant with Ministry of Power and Department of Economic Affairs.
- 2000– 2004: Member of numerous federal government committees on taxes, facilities, telecom, air travel reforms, pensions, and competitors policy.
- 1997– 2006: Executive Director at Infrastructure Development Finance Company (IDFC).
- Secret business functions: Advisor at Boston Consulting Group (BCG); President of Business Development at Reliance Industries; Board positions at Gujarat State Petroleum Corporation and Multi Commodity Exchange of India.
- Because 2009: Non-Resident Senior Fellow at the Brookings Institution.
- 2013– 2016: Deputy Governor, RBI; likewise Director at State Bank of India.
- 2014: Chaired the Urjit Patel Committee on financial policy reform; proposed 4% CPI inflation target.
- 2016– 2018: 24th Governor of the RBI; resigned in December 2018.
- 2020: Chairman, National Institute of Public Finance and Policy (NIPFP).
- 2021: Independent Director, Britannia Industries.
- 2022: Vice President, Asian Infrastructure Investment Bank (AIIB), dealing with South Asia, Southeast Asia, and Pacific Islands.
- 2025: Appointed as Executive Director at the IMF by the Indian federal government.