The Centre has appointed former Reserve Bank of India (RBI) Governor Urjit Patel as India’s Executive Director at the International Monetary Fund (IMF) for a three-year term. He takes over from Krishnamurthy V. Subramanian, who held the post since 2022.
Patel, who served as RBI Governor from 2016 to 2018, is credited with strengthening India’s monetary policy framework, especially the shift to an inflation-targeting regime. His tenure, however, ended abruptly after policy differences with the government, leading to his resignation.
A seasoned economist, Patel began his career at the IMF before holding several high-profile positions in India’s financial and policy institutions. His appointment is seen as a strategic move to boost India’s voice in global financial governance.
At the IMF, Patel will represent India on issues such as global stability, debt management, and emerging market concerns—areas where his experience is expected to play a key role.
