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Policy: Duvvuri Subbarao


Policy: Duvvuri Subbarao

Age: 59
Governor, Reserve Bank of India

As the governor of India's Central Bank, Subbarao has emerged as a shrewd manipulator of the macroeconomic forces at his disposal, increasing and decreasing the money supply in the economy at a time of global upheaval, hoping to encourage growth. He inherited the job just as the financial crisis spread to India, but he also inherited a relatively tame Indian financial industry to oversee. Since then, he has encouraged the practices that kept Indian banks mostly immune from the credit crunch, disapproving of strong leveraging and complex derivatives. He has also overseen the three fiscal stimulus packages the Indian government announced.