(Originally published on WSJ Online on February 13, 2012. Republished with permission from Wall Street Journal.) Reserve Bank of India Gov. Duvvuri Subbarao sat down with The Wall Street Journal to talk about his efforts to restart India's growth engine and to fight persistent inflation. Speaking from the 18th floor of the Reserve Bank headquarters overlooking Mumbai, Mr. Subbaro touched on a range of issues, including the RBI's efforts to stabilize the plunging rupee

Reserve Bank of India (RBI) deputy governor Subir Gokarn, who is in charge of monetary policymaking, has ruled out any central bank action immediately after the Union Budget on 26 February and ahead of RBI’s annual monetary policy review in April, unless there is a dramatic slowdown globally. In an interview on Saturday, he also said exit from monetary stimulus “is not an event and it is a process” that started in October with an increase in banks’ statutory liquidity

Friday’s was the first monetary policy that Reserve Bank of India Deputy Governor Subir Gokarn has been involved with directly, and the experience has been rewarding. “The rigour of the process was a revelation,” one of the youngest deputy governors that the central bank has had says. In his first interview to a newspaper after taking charge two months earlier, Gokarn, 50, explains the rationale for the measures. Edited excerpts: The RBI Governor compared himself with

Central Banking (CB): You are a highly-respected civil servant who has spent a significant portion of your career in various government departments. How does heading the Reserve Bank of India compare? Duvvuri Subbarao (DS): As a career civil servant for 30 years, I have worked at the district level, the state level and the national level. I also worked at the World Bank, and now towards the end of my career it is a privilege to come to the Reserve Bank of India. I've

In his interview with Emerging Markets, Dr. Reddy tells how he is helping to put his country's finances on a firmer footing after the financial turmoil of the early 1990s. The interview given to the Emerging Markets was on the occasion of the magazine giving Dr. Reddy the Best Central Bank Governor of the year award at the recently held annual meetings of the International Monetary Fund and the World Bank in Washington. Emerging Markets gives the Best Finance Minister

In his interview to Central Banking, Dr. Reddy explains his watchful approach to economic development and reveals how a financial crisis was averted after May's general election. Interview:Y V Reddy Interview with Nick Carver published in Central Banking (15)1 August 2004.