Here Comes The Money Manager!

Deputy governor Yaga Venugopal Reddy stepped out of the Reserve Bank of India on July 31 last year to join the International Monetary Fund (IMF) as its executive director. A year later he is set to come back to Mint Street with a bigger responsibility as governor.

Few bureaucrats have played a role in economic policy making in India. Fewer of them have made original contributions.

And only a handful have changed the course of economic policy and steered it in a new direction. Reddy did all three.

He did it when it mattered the most