On August 21, 2024, Shaktikanta Das, Governor of the Reserve Bank of India (RBI), has been awarded an "A+" rating by Global Finance magazine for the second consecutive year. This distinction places Das among an elite group of global central bankers who have achieved the highest accolade. The only other central bank governors to receive this honor are Christian Kettel Thomsen of Denmark and Thomas Jordan of Switzerland.

Global Recognition for Central Bank Leadership

The "Central Banker Report Cards 2024" from Global Finance magazine evaluates central bank governors based on their effectiveness in key areas: inflation control, economic growth, currency stability, and interest rate management. The "A+" rating awarded to Das reflects his exceptional leadership in managing India’s economic challenges amidst a complex global financial landscape.

Prime Minister Modi's Praise

In response to the recognition, Prime Minister Narendra Modi extended his congratulations to Das, stating, "This is a recognition of his leadership at the RBI and his work towards ensuring economic growth and stability." Modi's praise underscores the significant impact of Das's role in guiding India's monetary policy and ensuring economic stability amid global uncertainties.

Ranking Criteria

Global Finance's rankings encompass central bank governors from over 100 countries and regions, including special entities like the European Union and the Bank of Central African States. The ratings range from "A+" to "F", assessing governors on their success in managing inflation, economic growth, currency stability, and interest rates. The top performers are celebrated for their originality, creativity, and tenacity in tackling economic challenges.

Wider Recognition

The report also highlights other central bank chiefs who received high ratings. Notable mentions include central bankers from Brazil, Chile, Mauritius, Morocco, South Africa, Sri Lanka, and Vietnam, all of whom earned an "A" rating. These recognitions emphasize the crucial role central bankers play in maintaining economic stability and fostering growth on a global scale.

Conclusion

Shaktikanta Das’s achievement of an "A+" rating for the second year reflects his outstanding leadership and effective management of India’s economic policies. Joining Christian Kettel Thomsen and Thomas Jordan in this elite group highlights the significant impact of his strategies in addressing economic challenges. The recognition from Global Finance magazine underscores the essential role of central bankers worldwide in shaping global economic stability and growth.

Also Read : RBI Governor Shaktikanta Das Earns 'A+' Rating as Top Global Central Banker for 2024

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