Arvind Subramanian most likely to be next RBI Governor: survey

A Bloomberg News survey conducted recently has yielded that Chief Economic Advisor Arvind Subramanian is the most poised to take over the realm of the Reserve Bank of India after Raghuram Rajan steps down on September 4. 

The survey results revealed that seven out of 13 economists wanted Subramanian to be the next RBI governor. 

Raghuram Rajan, in a departure from tradition, wrote a letter to his colleagues at the RBI, announcing his decision to not seek a second term after the first came to an end. He said, while he was open to seeing the development of his initiatives through, he had decided to step down after consultation with the government. 

The other potentials on the list for the running of the central bank governor's office are, Economic Affairs Secretary Shaktikanta Das, deputy RBI governors Rakesh Mohan, Subir Gokarn, and Urjit Patel; Arvind Panagariya and SBI chief Arundhati Bhattacharya.

Finance Minister Arun Jaitley took to Twitter soon after Rajan's letter was made public, saying that the government appreciated all the work the governor had done, and it would pick a successor soon.