Governor Duvvuri Subbarao to address policy dilemmas in India

Dr. Duvvuri Subbarao, Governor of the Reserve Bank of India, will give a talk entitled "India in a Globalized World: Some Policy Dilemmas," on Tuesday, August 28th, 2012 at 4:30 pm in Lewis Auditorium, Goldwin Smith Hall. The talk will be given as part of the Einaudi Center's Foreign Policy Distinguished Speaker Series.

Dr. Duvvuri Subbarao assumed office as the twenty-second Governor of the Reserve Bank of India in September 2008. Prior to this appointment, Dr. Subbarao served as Finance Secretary to the Government of India from April 2007 to September 2008 and as Secretary to the Prime Minister's Economic Advisory Council from March 2005 to March 2007.

As a member of the Indian Administrative Service (IAS), Dr Subbarao has been a career civil servant. Over the years of 1974-98, he worked in various positions in the state Government of Andhra Pradesh and in Government of India.

Dr. Subbarao was a Lead Economist in the World Bank (1999 - 2004), where his responsibilities involved advising developing countries on public finance management. He also task managed a flagship study on decentralisation across major East Asian countries which was acknowledged as innovative policy work.

Dr. Subbarao received BSc (Hons) in Physics from the Indian Institute of Technology, Kharagpur and MSc in Physics from the Indian Institute of Technology, Kanpur. He also has an MS in Economics from the Ohio State University (1978) and was a Humphrey Fellow studying public finance at MIT during 1982-83. He earned his PhD in Economics from Andhra University for his thesis on "Fiscal Reforms at the Sub-national Level" (1998).

Dr. Subbarao came into the Reserve Bank just a week before the global financial crisis erupted in full in mid-September 2008. He led the Reserve Bank's effort to mitigate the impact of the crisis on India and was actively engaged in the G-20 effort to coordinate an international response to the crisis. The challenges ahead for the Reserve Bank, as he sees them, are to bring inflation down, support the growth momentum of the Indian economy, take financial sector reforms forward and deepen financial inclusion.

Dr. Subbarao maintains a strong commitment to academic pursuits, and has written and lectured extensively on issues in macroeconomic management, public finance and decentralization.

The Foreign Policy Distinguished Speaker Series features prominent leaders in international affairs who can address topical issues from a variety of perspectives. The Speaker Series is part of the Foreign Policy Initiative at Cornell led by the Einaudi Center to maximize the intellectual impact of Cornell's outstanding resources in this area.