Duvvuri Subbarao
Duvvuri Subbarao was born in Kovvur, Andhra Pradesh, India on August 11th, 1949 and is the Indian Economist. At the age of 74, Duvvuri Subbarao biography, profession, age, height, weight, eye color, hair color, build, measurements, education, career, dating/affair, family, news updates, and networth are available.
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Subbarao's early career consisted of field postings in Andhra Pradesh. As Collector of Khammam District of Andhra Pradesh (1979), he earned a formidable reputation for diligently and systematically implementing the land transfer regulation which involved in the main restoring land that tribal households had lost due to indebtedness back to them as laid down in the protective legislation. As Managing Director of Andhra Pradesh State Finance Corporation (1986–88), he was noted for encouraging first generation entrepreneurs to invest in industry and service sectors.
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. Subsequently, he was the Finance Secretary to the Government of Andhra Pradesh (1993–98), where he is credited with having led a range of pathbreaking fiscal reforms. He was the principal force behind the decision of the state government to publish a white paper (1996) on state finances which went a long way to get popular support for politically difficult economic reforms.
He worked as a lead economist in the World Bank (1999-2004) where his work involved encouraging public expenditure reforms in developing countries. He also task managed the World Bank's flagship study on decentralization in East Asia.
On return to India from the World Bank, he was appointed to the Prime Ministers’ Economic Advisory Council (2005–07) before he was elevated as the Finance Secretary in 2007. On 5 September 2008, he was appointed Governor of Reserve Bank of India (RBI) becoming the first serving civil servant and the first born after Independence to be appointed as central bank Governor while Arun Ramanathan was appointed as Finance Secretary on 21 September 2008 in his vacancy. Subbarao's term was extended for two more years in 2011.