This bureaucrat-economist turned central banker has been deeply engaged with India’s economic reforms from the start. As part of a high-level committee, Dr Y V Reddy helped pull India out of the balance of payments crisis it faced in 1991. He strongly believes that the lessons learnt from that crisis, of keeping a strict vigil on debt-creating capital inflows, particularly short-term debt, saved India from the ravages of the Asian crisis that followed in 1997.
Dr Reddy has unmatched experience in the execution of India’s fiscal and monetary policy, management of balance of payments and financial sector reform, having held key positions in the ministry of finance, the central bank and as adviser to multilateral agencies such as the World Bank.
