VIDEO: 6 Things to Know About Urjit Patel, India’s New RBI Governor

Urjit Patel is expected to take over as the RBI Governor on the 5th of September, 2016. Kenyan-born Patel is believed to be hawkish on inflation, a fact that is music to the ears of investors looking to invest in India.

On 5th September, 2016, Kenyan-born Urjit Patel is expected to take on the mantle of the Governor of the Reserve Bank of India. He will be taking over from Raghuram Rajan while the latter returns to academia.

Urjit Patel was appointed the Deputy Governor of the RBI in 2013. His impressive academic background, as well as the years he has spent in the financial sector have won him the respect and admiration of political figures like PV Narasimha Rao, Dr Manmohan Singh and Arun Jaitely.

Patel is expected to continue Rajan’s doctrine. He known to be hawkish on inflation, a trait that has soothed fears of global investors looking to invest in India.

To know more, watch this video:

Featured Image Source: Facebook

Like this story? Or have something to share? Write to us:, or connect with us on Facebook and Twitter (@thebetterindia).

We at The Better India want to showcase everything that is working in this country. By using the power of constructive journalism, we want to change India – one story at a time. If you read us, like us and want this positive movement to grow, then do consider supporting us via the following buttons.

Please read these FAQs before contributing.

Let us know how you felt

  • love
  • like
  • inspired
  • support
  • appreciate
Sign in to get free benefits
  • Get positive stories daily on email
  • Join our community of positive ambassadors
  • Become a part of the positive movement