From the Reserve Bank of India to NUS Business School: MBA News

By Tim Dhoul Updated Aug 27, 2014

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Introduction
Duvvuri Subbarao offers expertise and experience in fiscal policy

From the Reserve Bank of India to NUS Business School: MBA News main image

MBA students and faculty at NUS Business School will have the opportunity to learn much about India’s recent economic development, after the appointment of Dr. Duvvuri Subbarao as a visiting fellow was confirmed by the school.

Duvvuri Subbarao held the position of governor at the Reserve Bank of India for a period of five years, his tenure beginning just before the onset of the global financial crisis in 2008.

“Duvvuri Subbarao led the Reserve Bank of India through some of the most challenging times in the country's economic development. I am confident that our faculty members, students and community will benefit immensely from his insights and knowledge,” said NUS Business School’s dean, Bernard Yeung in a press release.

As visiting fellow, Duvvuri Subbarao will take part in a range of seminars, forums and meetings with students, policymakers and members of the local business community. However, a clear highlight will be a series of lectures, starting in May, which he will give on the processes and policies of a reserve bank. At these sessions, advice on carrying out research into the challenges faced by a reserve bank will be offered to academics at NUS Business School.

Duvvuri Subbarao offers expertise and experience in fiscal policy

In a career spanning 40 years with India’s state and federal governments, Dr. Subbarao has also worked with the World Bank in Washington, D.C. From 1999-2004 he was a senior economist and later, lead public policy specialist, charged with analyzing the public expenditures of emerging nations and advising them on fiscal policy issues.

Having attained a master’s degree in economics at Ohio State University, Duvvuri Subbarao completed a PhD at Andhra University on the subject of fiscal policy reforms. He also completed a one-year program of non-degree graduate study at MIT as part of The Humphrey Program – a scheme aimed at helping students from designated countries to further their professional development. This experience in the early 1980s precipitated Subbarao’s rise through the ranks of India’s civil service and Ministry of Finance before becoming the Reserve Bank of India’s governor.

“At MIT, I really wanted to study quantitative economic modeling, but I ended up doing a lot of other things—a bit of economics, a bit of system dynamics, and a bit of business school courses,” Subbarao told The Humphrey Program, emphasizing how the chance to see academic theories put into practice greatly aided him in his work thereafter.

As well as working with NUS Business School, Dr. Subbarao will also collaborate with the university’s Institute of South Asian Studies (ISAS), and Singapore’s reserve bank, the Monetary Authority of Singapore (MAS), with one of the afore-mentioned lectures to take place at MAS.

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Tim Dhoul

Tim is a writer with a background in consumer journalism and charity communications. He trained as a journalist in the UK and holds degrees in history (BA) and Latin American studies (MA).