Leading global investment bank Goldman Sachs has appointed Prachi Mishra as their chief India economist with immediate effect.

Here are some important things you must know about Prachi Mishra:

1. Mishra holds a BA and MA degree in Economics from the University of Delhi.

2. She has a PhD and an M Phil in Economics from Columbia University, New York City.

3. Prior to joining Goldman Sachs, Mishra was the deputy division chief of the Western Hemisphere Department at the International Monetary Fund (IMF).

4. Previously, she served as the head of the strategic research unit at the Reserve Bank of India from February 2016 to May 2017.

5. She also served as a specialist adviser at the RBI between November 2014 and February 2016.

6. Mishra was the first lateral recruit at the RBI. Prior to that, she worked as a senior economist at both the IMF and the Government of India’s Ministry of Finance.

7. Raghuram Rajan, the then governor, hired her from the IMF for the crucial macro- economic research unit.

8. She significantly contributed to the theoretical foundations on which the ‘inflation targeting’, which RBI adopted in 2016, is based.

9. Mishra was made available for media interviews and profiles, in late 2015, shortly before she was made head of the RBI’s research unit. It was a first since central bank officials below the rank of deputy governor are rarely authorised to speak to journalists.

10. Mishra will be based in Mumbai, Goldman Sachs said in a release.

In 2016, Tushar Poddar, chief economist for India at Goldman Sachs Group Inc, had left the company. In the interim, Andrew Tilton, chief Asia economist, along with a team of on the ground Indian professionals doing macroeconomic research managed the role.

Goldman Sachs serves corporate and institutional clients through corporate finance, equity sales, trading and fixed income securities businesses. The bank also provides macro-economic and investment research. 

Photo credit: The Wire

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