Dr. Indraprasad Gordhanbhai Patel (1924-2005) was a leading Indian economic policymaker and the 14th Governor of the Reserve Bank of India.
He was born on November 11, 1924, in Vadodara. He studied Economics at the University of Bombay, and then obtained a doctorate from King’s College, Cambridge. He taught at the University of Bombay and then joined the International Monetary Fund. In 1954, he became Economic Advisor to the Minister of Finance and this set forth a distinguished career in economic policymaking in various capacities. He was the fourteenth Governor of the Reserve Bank of India (1977-1982), after which he joined IIMA as Director. Dr. Patel cut short his tenure at the Institute when he accepted the post of Director at the London School of Economics (1984-1990), thus becoming the first South Asian to head a higher education institute of repute in the United Kingdom. He later returned to IIMA as Chairperson of the Board of Governors for one term, 1996 to 2001. He was awarded the Padma Vibhushan in 1991. Dr. Patel passed away on July 17, 2005. His autobiography Glimpses of Indian Economic Policy was published in 2002.