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Guarding India's Macro Stability

BW Businessworld

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March 21, 2026

POONAM Gupta's appointment as Deputy Governor of the Reserve Bank of India (RBI) places one of the country’s most respected macroeconomists at the heart of monetary and financial policymaking.

- Noor Fathima Warsia

Guarding India's Macro Stability

Her tenure as Deputy Governor began on 2 May 2025. Before joining the RBI, Gupta served as Director General of the National Council of Applied Economic Research, where she strengthened its position as one of India’s leading economic policy think tanks. Her work has consistently focused on central banking, monetary policy, inflation, fiscal dynamics

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