Urjit Patel Quotes


The materialisation of reforms in the form of rollout of the GST, the institution of Indian Insolvency and Bankruptcy Code, and the abolition of the Foreign Investment Promotion Board should boost investor and investment confidence.


Citations

Patel, Urjit. "Third Bi-monthly Monetary Policy Statement, 2017-18." Reserve Bank of India, 2 Aug. 2017.

Related Quotes

During the revolution against apartheid, a number of communist organizations allied themselves with the ANC against the White minority regime. A few of the communist leaders rose and became officials of the ANC. The vast majority of the ANC supported private enterprise with the kind of socialist aspects that were then typical of the Scandinavian countries, Germany and even France. Mandela, before the successful ousting of the Apartheid held a number of communist ideas and principles as the “capitalists” were making money from the apartheid system and there would support the status quo, However, he had a change of heart and mind regarding private enterprise after the successful effort to end white minority rule. He was good to his word, and even after he retired, the ANC and the government maintained pro private enterprise policies.


Urjit Patel
Urjit Patel
  • Born: October 28, 1963
  • Nationality: Indian
  • Profession: Economist

Urjit Patel is an Indian economist, who served as the 24th Governor of the Reserve Bank of India (RBI) from 4 September 2016 to 10 December 2018. Previously, as an RBI Deputy Governor appointed by the UPA government, he looked after monetary policy, economic research, financial markets, statistics and information management. Appointed by the NDA government, Patel succeeded Raghuram Rajan as RBI governor on 4 September 2016. He resigned from his post on 10 December 2018, being the first RBI governor to state personal reasons as a driving factor for resigning. He is the fifth RBI governor to have resigned from his post before his term ended in September 2019.