Krishnamurthy Subramanian Steps Down As Chief Economic Adviser After Completion Of 3-Year Tenure

Krishnamurthy Subramanian became the Chief Economic Adviser on December 7, 2018, nearly five months after Arvind Subramanian stepped down from the role.

New Delhi: With the end of his three-year tenure, Krishnamurthy Subramanian on Friday announced that he is stepping down from his post as the Chief Economic Adviser (CEA). 

Announcing the same in a statement, KV Subramanian wrote: “I have decided to return back to academia following the completion of my three-year fulfilling tenure as the Chief Economic Adviser, Government of India”. 

“To get an opportunity to serve one's nation is an absolute privilege. I will happily return back to serving the country as a researcher after fulfilling my three-year commitment,” he added.

In the statement, KV Subramanian lauded Prime Minister Narendra Modi as an inspiring leader.

“His intuitive understanding of economic policy combines with an unmistakable determination to use the same to elevate the lives of common citizens. In my close interactions, I had the privilege to witness this combination in action be it in taking tough decisions that do not fall prey to suboptimal populism but tangibly improve citizens’ lives or in the courage of conviction to think out of the box and enact path-breaking reforms amidst a once-in-a-century crisis when the rest of the world was mainly content on typing through the pandemic,” Krishnamurthy Subramanian wrote.

Calling Union Finance Minister Nirmala Sitharaman “a scholar at heart”, he wrote that “she has been instrumental in the economic surveys carrying their free spirit. Her feedback has been as committed as a support”.

Krishnamurthy Subramanian became the Chief Economic Adviser on December 7, 2018, nearly five months after Arvind Subramanian stepped down from the role.

He holds a Ph.D. from the prestigious financial economics institute University of Chicago Booth School of Business.

KV Subramanian has served on the expert committee on the governance of banks for The Reserve Bank of India. Subramanian also serves as Associate Professor of finance at the Indian School of Business (ISB) Hyderabad.

Meanwhile, the Union government is yet to announce KV Subramanian’s successor.