डी. सुब्बाराव (जन्म:11 अगस्त, 1949)

August 11, 2017

डी. सुब्बाराव (पूरा नाम:दुव्वुरी सुब्बाराव, जन्म:11 अगस्त, 1949) भारतीय रिज़र्व बैंक के बाइसवें गवर्नर हैं। इनका कार्यकाल 5 सितंबर, 2008 से 4 सितंबर, 2013 तक रहा। डी. सुब्बाराव 1972 बैच के भारतीय प्रशासनिक सेवा के आंध्र प्रदेश कैडर के अधिकारी हैं।


परिचय-
सुब्बाराव आंध्र प्रदेश के पश्चिम गोदावरी ज़िले के एलुरु स्थान से हैं। इनकी शिक्षा सैनिक विद्यालय से हुई।
1969 में उन्होंने भारतीय प्रौद्योगिकी संस्थान, खड़गपुर से भौतिकी में बी.एससी. ऑनर्स पूरा किया। बाद में उन्होंने भारतीय प्रौद्योगिकी संस्थान, कानपुर से भौतिकी में एम.एससी. की उपाधि प्राप्त की।
1972 में उन्होंने भारतीय प्रशासनिक सेवा में सफलता अर्जित की।
1978 में उन्होंने ओहायो स्टेट यूनीवर्सिटी से अर्थशास्त्र में मास्टर की डिग्री हासिल की। बाद में उन्होंने आंध्र विश्वविद्यालय से अर्थशास्त्र में पी.एचडी. की उपाधि ली।


Duvvuri Subbarao (born 11 August 1949), is a retired IAS officer, Indian Economist and a Central Banker. He was the 22nd Governor of Reserve Bank of India, served under Prime Minister Dr.Manmohan Singh. He currently lives in Singapore and is a distinguished visiting faculty at National University of Singapore.


Dr. D. Subbarao is a 1972 batch Indian Administrative Service (IAS) officer of Andhra Pradesh cadre. He was appointed the 22nd Governor of Reserve Bank of India (RBI) from 5 September 2008, with an extension in 2011 till 4 September 2013.


Subbarao's hometown is Eluru in West Godavari district, Andhra Pradesh. He did his schooling from the Sainik School in Korukonda, Andhra Pradesh. 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.


In 1978, he did 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. His doctoral thesis was titled "Fiscal reforms at the sub-national level" (1998).


Dr Duvvuri Subbarao, a well known economist is equally well studied in Physics. He had taken physics during his Masters at Indian Institute of Technology as well as for his Civil Services examination. He was the first person to have reviewed Stephen Hawkings's "Brief history of time" in Illustrated weekly, under the title "from here to eternity".


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 1999 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) and Arun Ramanathan was appointed as Finance Secretary on 21 September 2008 in his vacancy. His term was extended for two more years in 2011.


Dr. Subbarao was involved in the initiation of fiscal reforms at the state level and had managed a flagship study on decentralisation across major countries of East Asia including China, Indonesia, Vietnam, Philippines and Cambodia.He is credited with financial turnaround of Andhra Pradesh in late nineties when the state had slipped into an unprecedented fiscal crisis


During his tenure as Governor of RBI, Dr Subbarao took initiatives for demystificationof the Central Bank, including lucid presentation of terse macro economic concepts in the RBI publications and grassroots level interaction with the masses through various financial inclusion, financial literacy and village outreach programmes. He was instrumental in ensuring 100% meaningful financial inclusion in Ernakulam district of Kerala.[In February 2012, Subbarao expounded his world-famous theory on the New Trilemma of Central Bankers, which he named as the "Holy Trinity" of price stability, financial stability and sovereign debt sustainability as against Mundell's well known "Impossible Trinity" of fixed exchange rate, free capital flows and independent monetary policy. Subbarao's erudite exposition on holy trinity firmly established the Indian perspective in the scholastic debate on the global central banking trilemma.


Dr Subbarao's taking charge as RBI Governor in 2008 was coincident with the outbreak of the Global Financial Crisis.Subbarao is generally credited as having safely stewarded Indian economy through the financial crisis.However, it was during Subbarao's tenure that the value of Indian Rupee tumbled spectacularly, with USD/INR exchange rate for the first time breaching the psychological barrier of 60, and even hitting a new low of 69.