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Dr. Indraprasad Gordhanbhai Patel (1924-2005) was born on November 11, 1924, in Vadodara, Gujarat. 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; this started him on a distinguished career in economic policymaking. He was the fourteenth Governor of the Reserve Bank of India (1977-1982), after which he joined IIMA as Director.
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