Duvvuri Subbarao

Duvvuri Subbarao, former RBI governor, is a retired IAS officer. Views are personal.

Articles By Duvvuri Subbarao

Govt must not give in to temptation of a stimulus. It does not have the fiscal space

It’s completely irrational to not admit the true fiscal deficit. We are fooling no one, least of all potential investors who base their decisions on our macro sustainability.

Bank merger announcement is a needless distraction

Question is not whether public sector banks should be big or small. It is: Do we need public sector banks?

The name is dollar bond

Government’s proposal is the right way forward but it’s an idea whose time has yet to come

Any terror attack traceable to Pakistan undercuts its economic stability, IMF deal

If institutions such as FATF continue to keep Pakistan on the grey list or even blacklist it, and IMF imposes more stringent conditionalities, global investor confidence in Pakistan could nosedive, deepening the economic crisis.

Changing chalta hai 

Indian Administrative Services can lead the charge. If it reinvents itself, its effects will ripple through the system, galvanise change.

Generalist vs specialist

A nuanced process of active but careful cadre management should inform lateral entry into IAS

The case for lateral entry

There should be a system of annual recruitment into the IAS of mid-career professionals from diverse sectors