14 Facts About Duvvuri Subbarao

Duvvuri Subbarao was born on 11 August 1949 and is an Indian economist, central banker, and retired IAS officer.

Duvvuri Subbarao served as the 22nd Governor of the Reserve Bank of India under Prime Minister Dr Manmohan Singh.

Duvvuri Subbarao did his schooling at Sainik School, Korukonda, Andhra Pradesh.

Duvvuri Subbarao later completed a BSc Honours program specialising in Physics at the Indian Institute of Technology Kharagpur from 1966 to 1969, graduating at the top of his class and completed an MSc specialising in physics at the Indian Institute of Technology Kanpur.

Duvvuri Subbarao topped the Civil Services Examination in 1972 and was assigned to the Andhra Pradesh cadre of the 1972 batch Indian Administrative Service.

Duvvuri Subbarao was on deputation to government of India as a joint secretary in the Department of Economic Affairs, Ministry of Finance, where he was involved in formulating and implementing the 1991 reforms.

Duvvuri Subbarao was the principal force behind the decision of the state government to publish a white paper on state finances which went a long way to get popular support for politically difficult economic reforms.

Duvvuri Subbarao task managed the World Bank's flagship study on decentralization in East Asia.

Duvvuri Subbarao's term was extended for two more years in 2011.

Duvvuri Subbarao argued that there must be fresh bidding to discover the current price.

Duvvuri Subbarao gave evidence in the CBI case relating to alleged corruption by ministers and civil servants in the allocation of 2G spectrum and the judge noted in the judgement that he was a stellar witness.

Duvvuri Subbarao is generally credited as having safely stewarded Indian economy through the financial crisis although he has been criticized for not aggressively stemming the fall of the rupee during the taper tantrums.

Duvvuri Subbarao is credited with the theory of the New Trilemma of central bankers, which he called the "Holy Trinity" of price stability, financial stability and sovereign debt sustainability as against Mundell's well known "impossible trinity" of a fixed exchange rate, free capital flows and independent monetary policy.

Duvvuri Subbarao writes in national and international media on issues of current macroeconomic interest.