The Governor of Reserve Bank of India (RBI) Raghuram Rajan recently said that the country needs capable economists, which ‘I see every day in my work’. They are reflections on the state of affairs. This urgent requirement has been filled by Prachi Mishra, who was a former senior economist with the International Monetary Fund (IMF).
Prachi, who hails from Patna, decided to skip the Civil Service examination and chose economics instead. Though her family, which is full of medical practitioners, was disappointed with her choice, she has managed to impress Rajan with her research skills.
The 40-year old economist joined the RBI as a Specialist Adviser in the Department of Economic and Policy Research in November 2014, and is now looking to make progress on the ongoing tussle between banks and the RBI on the interest rate. She was chosen from 58 candidates who had applied for the post.
Earlier, she has worked in the Office of the Chief Economic Advisor between 2012 and 2013 and in the Economic Advisory Council to the Prime Minister of India in 2012.
Prachi’s bag is full of accomplishments. She topped the Delhi School of Economics with a Masters degree in 1999. Then she went on to Columbia University to get an MPhil and PhD in Economics.
She was also a visiting Scholar at Georgetown University and at the World Bank Research Department.
She said that the research undertaken by her and her department will be “driven by data and evidence, which I am trying to inculcate in my team”. Apart from that, she loves street food, especially pani puri and vada pav, weekend movies, Marine Drive jogs and a game of tennis with her daughters.
Her husband, Devesh Roy, is a researcher working with the International Food Policy Research Institute in New Delhi.
Sources: Economics Times, The Quint