Subir Gokarn 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. (Photo: File | PTI)

New Delhi: Eminent economist and former Reserve Bank of India (RBI) deputy governor Subir Gokarn passed away on Tuesday.

"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.

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.