New Delhi: Eminent economist and former RBI deputy governor Dr Subir Vithal Gokarn passed away on Tuesday.

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 fierce advocate of the central bank's autonomy and ardent believer in maintenance of a tight fiscal deficit.

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Gokarn had a Master’s Degree in Economics from the Delhi School of Economics and received a doctorate in Economics from Case Western Reserve University, USA in 1989

"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.

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(With inputs from PTI.)

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