Duvvuri Subbarao

Duvvuri Subbarao
22nd Governor of Reserve Bank of India
Incumbent
Assumed office 5 September 2008
Preceded by	Y. Venugopal Reddy
Personal details
Born	11 August 1949 (1949-08-11) (age 62)[1] Eluru, Andhra Pradesh, India
Nationality	Indian
Political party	Independent
Spouse(s)	Urmila Duvvuri
Alma mater	IIT Kharagpur, IIT Kanpur Ohio State University Andhra University
Profession	Civil servant

Duvvuri Subbarao (Telugu: దువ్వురి సుబ్బా రావు, born 11 August 1949)^[2] is an Indian economist, central banker, and civil servant. He is the 22nd and current Governor of Reserve Bank of India, serving under Prime Minister Manmohan Singh.

Subbarao is a 1972 batch Indian Administrative Service (IAS) officer of Andhra Pradesh cadre. On 5 September 2008, he was appointed the twenty-second Governor of Reserve Bank of India (RBI); his term was to end in September 2011. But breaking from tradition, the Prime Minister's Office put out a statement announcing that Subbarao, a former finance secretary would now retire on September 4, 2013.

Early life

Subbarao's hometown is Eluru in West Godavari district, a city near Vijayawada, 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) where he was the recipient of Director's Gold Medal.

He received a M.Sc degree also in Physics from Indian Institute of Technology Kanpur.^[3]

Subbarao topped the IAS examination in 1972 and was assigned the Andhra Pradesh cadre.^[4]

In 1978, he did a Masters degree in economics from Ohio State University, United States. After a few years, he joined the Humphrey Fellowship program at Massachusetts Institute of Technology to study Quantitative Economic Modelling. He became a Humphrey Fellow at MIT in 1982.^[5]

He later received a Ph.D. in Economics from Andhra University.^[6] The subject of his doctoral thesis at Andhra University is not publicly available at present; nor is the year of award.

Career

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.^[4]

Subbarao is credited for fiscal reforms at state levels and also a study on decentralisation in countries of East Asia.^[4]

Personal life

He is married to Urmila.^[7][8] They have two sons.

References

1. ^ "Biodata of Duvvuri Subbarao". http://persmin.nic.in/ersheet/MultipleERS.asp?HiddenStr=01AP020700. 
2. ^ "Civil List". Ministry of Personnel, Public Grievances and Pensions. Government of India. http://www.persmin.nic.in/CivilList/AsOnToday/AgeListCL.asp?Slab=8&Cadre=AP&AsOnDate=01/01/2008. Retrieved 2008-09-05. 
3. ^ "Dr. D. Subbarao takes over as RBI Governor". http://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=19052. 
4. ^ ^{a b c} "Dr Duvvuri Subbarao takes charge as RBI governor". Business Standard. 2008-09-01. http://www.business-standard.com/india/storypage.php?autono=46085&tp=on. Retrieved 2008-09-05. 
5. ^ "Humphrey Fellowship Program: Duvvuri Subbarao - India". http://www.jhu.edu/design/humphrey/stories/15-Duvvuri_Subbarao.html. 
6. ^ Mehra, Puja (2008-06-20). "There Can’t Be Painless Adjustments". Businessworld. ABP Pvt. Ltd.. http://www.businessworld.in/index.php/Interviews/There-cant-be-painless-adjustments.html. Retrieved 2008-09-05. 
7. ^ "Biodata of Urmila Subbarao". http://persmin.nic.in/ersheet/MultipleERS.asp?HiddenStr=01AP024300. 
8. ^ "Subbarao: An officer & a gentleman". The Economic Times. Times Group. 2008-09-03. http://economictimes.indiatimes.com/News/News_By_Industry/Banking_Finance_/Banking/Subbarao_An_officer__a_gentleman/articleshow/3438217.cms. Retrieved 2008-09-05. 

8.[[D Subbarao gets 2-yr extension as RBI governor. http://timesofindia.indiatimes.com/business/india-business/D-Subbarao-gets-2-yr-extension-as-RBI-governor/articleshow/9540195.cms]]

Preceded by Yaga Venugopal Reddy

Governor of the Reserve Bank of India 2008 - present

Succeeded by Incumbent

Persondata
Name	Subbarao, Duvvuri
Alternative names
Short description
Date of birth	1949-08-11
Place of birth	Dumrama, Bhagalpur, India
Date of death
Place of death