Prior to that, he was chief international economist for Standard & Poor's.
However, a number of international economists say it is unlikely.
Currency crises have been a favorite topic of international financial economists ever since the 1970s.
But not so fast, many international economists and lending experts say.
Purchasing power is low in a country where the average per capita income is estimated by international economists to be about $900 a year.
World leaders, international economists and Congressional leaders had expected more substantial gains.
But many international economists said they were pleased that the report raised the issue.
He served as an international economist for the Department of State from 1961 to 1963.
An international economist by training, he was accused of spending too much time abroad, and too little on his province's problems.
Even as he spoke, however, international economists were expressing concern about the enormous obstacles India still faced before it would realized any significant economic growth.