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Finance ministers who shaped India's economy

February 18, 2008

C D Deshmukh

Chintaman Dwarakanath Deshmukh was the first Indian Governor of the Reserve Bank of India from August 11, 1943 to June 30, 1949. He was India's finance minister from 1950-56.

T T Krishnamachari

Popularly known as TTK, Tiruvellore Thattai Krishnamachari was India's finance minister from 1957-1958 and 1964-67. He resigned from the the post of finance minister during the period. Prime Minister Jawaharlal Nehru took over the country's finance portfolio during 1958-59.

In 1964, TTK was again sworn in as finance minister. He, however, resigned again when his term as member of Parliament was over, preferring to quit politics and indulge in intellectual pursuits.

Image: The Reserve Bank of India building in Mumbai. Insets: C D Deshmukh (top) and T T Krishnamchari (bottom).