Gopinath becomes the second India-born economist who joined last week to hold the position after former RBI Governor Raghuram Rajan.
PTI reported, Gita Gopinath (An India-born economist) is the first woman to occupy the top post as the International Monetary Fund’s chief economist. After former Reserve Bank of India Governor Raghuram Rajan, Gopinath joined last week and becomes the second India-born economist to hold the position.
Gopinath also is serving as the financial adviser to the chief minister of Kerala. Her appointment as the International Monetary Fund’s chief economist was announced on October 1. IMF Managing Director Christine Lagarde described her as “one of the world’s outstanding economists with impeccable academic credentials, a proven track record of intellectual leadership and extensive international experience”.
The Mysuru-born Gopinath called the appointment a “tremendous honor” in an interview to the Harvard Gazette and credited Lagarde with naming a woman to the post. “There were strong and eligible women in high posts over the years, but I think you needed someone like Lagarde to make this decision,” Gopinath said.
Gopinath said the perceived retreat from globalization confronting the IMF is most challenging. she said, “This has not happened in the past 50 or 60 years when the world moved toward lower tariffs and increasing trade across countries,”.
See what Gopinath says about growing uncertainty about trade policy, including the one arising out of Brexit and right multilateral institutions and frameworks.
she said, “While the trade has reduced global poverty and raised livelihoods, its consequences for inequality, and on whether the rules of engagement are fair, are real concerns that need to be addressed.”
She addresses the health of emerging markets as the US continues to normalize its interest rates as another important concern.
Gopinath was born in India in the year 1971. She is an Overseas Citizen of India and a US citizen. She has done her Ph.D. in economics from Princeton University in 2001 and her bachelor’s degree from the University of Delhi. She earned her master’s degree from the University of Washington and the Delhi School of Economics. In 2001, she joined the University of Chicago before moving to Harvard in 2005.