Finance minister P Chidambaram’s remarks that Reserve Bank of India governor Duvvuri Subbarao is not keen to stay on in his job when his term ends in September, has triggered speculation about his likely successor.
Subbarao’s tenure has been marked with hawkish policy stance that sometimes evoked strong remarks from the govt. A look at who could replace him.
Current position: Deputy Governor, RBI, since January 2013
Track record: Worked with The Boston Consulting Group, International Monetary Fund (IMF), the finance ministry's economic affairs department, and Reliance Industries Ltd.
Current position: Member, Planning Commission, since 2009
Track record: Is among India's topmost policy makers. He is also a member of the Economic Advisory Council to the Prime Minister, and has headed and been a part of several government committees.
Current position: Economic affairs secretary, since August 2012
Track record: Career bureaucrat. A 1978-batch IAS officer of the Rajasthan cadre, took over as economic affairs secretary in August 2012. Has played a key role in liberalising FDI norms.
Raghuram G Rajan
Current position: Chief economic adviser, finance ministry
Track record: A former IMF chief economist and Chicago University professor, famed for his perceptive warnings about the global financial crisis of 2008. He took after as India's CEA last year.