Date of Birth: October 28, 1963
Zodiac Sign: Scorpio
Biography
Urjit Patel is a distinguished Indian economist who served as the 24th Governor of the Reserve Bank of India (RBI) from September 2016 to December 2018. Patel was born in Nairobi, Kenya, and later moved to India, where he pursued higher education. He holds a Bachelor’s degree in Economics from the London School of Economics, an M.Phil. in Economics from Oxford University, and a Ph.D. in Economics from Yale University. Before his tenure at the RBI, Patel had an illustrious career that included working with the International Monetary Fund (IMF) and advising various Indian financial institutions and government bodies. His contributions to Indian economic policy have been significant, particularly in the areas of monetary policy, inflation targeting, and banking reforms. Patel’s tenure as RBI Governor was marked by significant challenges, including the implementation of demonetization and the introduction of the Goods and Services Tax (GST). Despite these hurdles, he is credited with maintaining the autonomy of the RBI and focusing on inflation control. After resigning from the RBI, Patel continued to contribute to economic thought and policy discussions through various academic and advisory roles.
5 Interesting Facts about Urjit Patel
1. Urjit Patel was born in Nairobi, Kenya, and later moved to India for his higher education and professional career.
2. He has held prestigious academic degrees from the London School of Economics, Oxford University, and Yale University.
3. Patel played a crucial role in the implementation of India’s inflation-targeting framework as RBI Governor.
4. Before becoming the RBI Governor, he served as a Deputy Governor of the RBI, focusing on monetary policy and economic research.
5. Patel has also worked with the Boston Consulting Group and Reliance Industries, showcasing his versatility in both public and private sectors.
5 Most Interesting Quotes from Urjit Patel
1. “Monetary policy needs to be forward-looking, taking into account the evolving macroeconomic environment.”
2. “Inflation is a silent killer; it erodes the purchasing power of the common man.”
3. “The autonomy of the central bank is essential for maintaining financial stability and credibility.”
4. “Effective regulation and supervision of banks are crucial for a healthy financial system.”
5. “Economic reforms should aim at creating an environment conducive to sustainable growth.”
Highest Net Worth Achieved
The highest net worth achieved by Urjit Patel is estimated to be around $4 million.
Children
Urjit Patel has kept his personal life very private, and there is limited public information available about his children.
Relevant Links
2. [Urjit Patel – Biography on Bloomberg](https://www.bloomberg.com/profile/person/17604210
3. [Urjit Patel’s Resignation – BBC News](https://www.bbc.com/news/world-asia-india-46510975
