Eminent economist and former Reserve Bank of India RBI deputy governor Subir Gokarn passed away on Tuesday.
"I share this with a heavy heart...Subir Gokarn, my friend and colleague, passed away a few hours back," Economic Advisory Council to the Prime Minister (EAC-PM) member Shamika Ravi said in a tweet.
In November, 2015, Gokarn was appointed as an executive director on the board of the IMF.
He was appointed the deputy governor of the RBI in 2009 for a term of three years and had the distinction of being the youngest deputy governor at that time. He was also associated with Brooking's India.
He was one of the four Deputy Governors of the Reserve Bank of India along with Anand Sinha, K. C. Chakrabarty and H. R. Khan. He was replaced by Urjit Patel in January 2013. (With inputs from agencies)