Intro Urjit Patel, a renowned Indian economist, has made significant contributions to the financial sector of India. He served as the 24th Governor of the Reserve Bank of India (RBI) and held the position of Deputy Governor. This article, brought to you by Covemarkets, delves into Urjit Patel Net Worth, career, and life in 2023.
Quick Facts
| Full Name | Urjit Ravindra Patel |
|---|---|
| Popular Name | Urjit Patel |
| Gender | Male |
| Birth Date | October 28, 1963 |
| Age | 59 years |
| Parents | Ravindra Patel and Manjula Patel |
| Siblings | Unknown |
| Birth Place | Nairobi, Kenya |
| Nationality | Indian |
| Ethnicity | Asian |
| Education | Ph.D. in Economics |
| Marital Status | Married |
| Sexual Orientation | Straight |
| Wife/Spouse | Unnati Patel |
| Children | Unknown |
| Dating | None |
| Net Worth | $5 million |
| Source of Wealth | Financial career |
| Height | Unknown |
| Weight | Unknown |
What is Urjit Patel’s Net Worth and Salary in 2023?
As of 2023, Urjit Patel’s net worth is around $5 million. His wealth primarily comes from his successful career as an economist.
Why is Urjit Patel Famous?
Urjit Patel gained widespread recognition after his appointment as the 24th Governor of the Reserve Bank of India. During his tenure, he played a crucial role in implementing significant economic reforms, including the demonetization drive and the introduction of the Goods and Services Tax (GST).
Patel’s expertise and contributions in economics have made him a respected figure among professionals and policymakers.
Urjit Patel Biography
Early Life
Urjit Patel was born on October 28, 1963, in Nairobi, Kenya, to Ravindra Patel and Manjula Patel. His family moved to India when he was young, and he grew up in a middle-class household with a focus on education and intellectual pursuits.
Education
Pursuing his passion for economics, Patel completed his Bachelor’s degree in Economics from the London School of Economics. He obtained his M.Phil. degree in Economics from the University of Oxford and later earned a Ph.D. in the same subject from Yale University.
Career and Awards
Patel’s career began at the International Monetary Fund (IMF), where he worked on the India, United States, Myanmar, and Bahamas desks from 1990 to 1995.
He later joined the RBI, advising in developing the debt market, banking sector reforms, pension fund reforms, and targeting the real exchange rate.
Patel’s tenure as the RBI governor was marked by significant events such as the demonetization of ₹500 and ₹1000 banknotes in 2016.
Despite his resignation in December 2018 due to personal reasons, his work was appreciated by Prime Minister Narendra Modi and Finance Minister Arun Jaitley.
In recognition of his outstanding achievements and contributions to society, Patel was awarded the prestigious Wilbur Lucius Cross Medal by the Yale Graduate School Alumni Association in 2019.
This honor is presented annually to a few distinguished alumni for their achievements in scholarship, teaching, academic administration, and public service.
Patel’s receipt of this award underscores his exceptional scholarship in economics and his extraordinary record of public service in India.
Personal Life
Urjit Patel prefers a private life and keeps his personal affairs away from the public eye. He is married to Unnati Patel, and together they share a low-profile married life.
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Social Media Accounts
- Instagram: @urjitpatel
- Twitter: @urjitpatel
FAQs about Urjit Patel
What is Urjit Patel’s current profession?
As of now, Urjit Patel has stepped down as the Governor of the Reserve Bank of India.
What are some of Urjit Patel’s major achievements as the RBI Governor?
Some of his notable achievements include the implementation of the demonetization drive, introduction of the Goods and Services Tax (GST), and efforts towards improving transparency in monetary policy.
What is Urjit Patel’s contribution to the field of economics?
Urjit Patel has made significant contributions to central banking reforms, monetary policy, and financial inclusion in India, establishing himself as an expert in economics.
Conclusion
Urjit Patel, with his extensive experience and expertise in economics, has significantly contributed to India’s financial sector. Despite stepping down from his role as RBI Governor, his impact on India’s monetary policies and economic research continues to be felt. Stay tuned to Covemarkets for more updates on influential figures like Urjit Patel.
