He was the finance secretary of Andhra Pradesh when the state was undertaking crucial economic reform; so, he understands the pain of reforming the system and its attendant political perils.
A pointer in this regard is the subject of his doctoral thesis, "fiscal reforms at the state level", a subject that India has debated for long and one that remains alive even now.
As there is little doubt that RBI will continue to play a lead role in the country's endeavours to control inflation (with fiscal controls seeming to have run their course), Subbarao's training as an economist-bureaucrat will serve him well.
Image: Duvvuri Subbarao, delivers a keynote address | Photograph: Toshifumi Kitamura/AFP/Getty Images
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