The government has appointed Poonam Gupta as Deputy Governor of the Reserve Bank of India for a three-year term, succeeding Michael D. Patra, who retired from the key position in January this year.

Her name was cleared by the Cabinet's Appointments Committee just before the monetary policy committee's meeting on April 7-9. She is currently the Director General of the National Council for Applied Economic Research.

In addition, Gupta serves on the Prime Minister's Economic Advisory Council and the 16th Finance Commission's advisory council. She also serves on the Development Advisory Committee of the NITI Aayog and chaired the Task Force on Macroeconomics and Trade during India's G20 presidency.

She previously served at the World Bank as a lead economist. Throughout her career, she has held positions as a professor at the Indian Council for Research on International Economic Relations (ICRIER) and the RBI Chair Professor at the National Institute of Public Finance and Policy (NIPFP).

In addition to serving on the boards of the Global Development Network (GDN) and NIPFP, Gupta is a member of the World Bank's advisory groups on "World Development Report" and "Poverty & Equity."