Deputy governor Yaga Venugopal Reddy stepped out of the Reserve Bank of India on July 31 last year to join the International Monetary Fund (IMF) as its executive director. A year later he is set to come back to Mint Street with a bigger responsibility as governor.
Few bureaucrats have played a role in economic policy making in India. Fewer of them have made original contributions.
And only a handful have changed the course of economic policy and steered it in a new direction. Reddy did all three.
He did it when it mattered the most
