There are other ways in which markets are capable of serving the poor better than large-scale and often unaffordable anti-poverty interventions.
She would be the first Indian to be occupying the coveted post at IMF after former RBI governor Raghuram Rajan
Announcing her appointment, IMF Managing Director Christine Lagarde hailed the Mysore-born Gopinath as "one of the world's outstanding economists with impeccable academic credentials, a proven track record of intellectual leadership and extensive international experience".
Banerjee, 58, was educated at the University of Calcutta, Jawaharlal Nehru University and Harvard University, where he received his Ph.D in 1988. He is currently the Ford Foundation International Professor of Economics at the Massachusetts Institute of Technology.
An official announcement to this effect would be made next week. The vice-chairman would be of Cabinet rank.
Although the first woman to hold the position of chief economist at IMF, it would be wrong to see her appointment through the lens of gender
'Global investors expect the rupee to be more vulnerable in the downturns in the future than ever before,' notes Apoorva Javadekar.
He was most recently credited as one of the brains behind labour law reforms in Rajasthan
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