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Y.V. Reddy’s memoir—a chocolate with the wrapper on
Almost nine years after Y.V. Reddy demitted office as Reserve Bank of India (RBI) governor, his autobiography Advice & Dissent: My Life in Public Service was released last week.
He is not the first RBI governor to write his memoir. Reddy’s successor D. Subbarao wrote a tell-all book, Who Moved My Interest Rate? in less than three years after leaving the central bank.
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However, there are differences between the two—both in the narrative as well as the structure. Reddy’s book is an account of his life and his career, from a young IAS officer to India’s chief money man and the chairman of the 14th Finance Commission while Subbarao’s book starts with his appointment as RBI governor and ends with the end of his five-year tenure.
Even before Subbarao, at least three RBI governors have written their memoirs.
The first Indian governor at RBI, who later became the finance minister, C.D. Deshmukh, has written The Course o