India registered a dismal performance in Q2 as GDP growth plunged to 5.4% in the July to September quarter, far below the RBI’s projection of 7%. This significant miss has raised questions about whether Shaktikanta Das will secure an extension as RBI Governor. His tenure is scheduled to end on December 10.
Before the Q2 GDP data was released, there was widespread speculation that Das would likely continue in his role, with reports suggesting no other candidates were being actively considered and no selection committee had been formed. However, the scenario has shifted dramatically. While Das’s reappointment is not entirely ruled out, several other names have surfaced as potential contenders for the RBI Governor post.
The potential candidates include two former Union Secretaries: Former Financial Services Secretary and IRDA Chairman Debashish Panda (Retd IAS: 1988: UP) and MoSPI Secretary Dr. Saurabh Garg (Retd IAS: 1991: OR). Additionally, serving Secretaries in the Government of India, Ajay Seth (IAS: 1987: KN), Secretary of the Department of Economic Affairs (DEA), and Tuhin Kant Pandey (IAS: 1987: OR), Secretary of DIPAM, are also under consideration. Other names being discussed for the top post include Chief Economic Advisor (CEA) Ananth Nageswaran and the current RBI Deputy Governors.
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