Chief Economic Advisor Arvind Subramanian Resigns, Will Move Back To US

Subramanian took charge as the CEA on October 16, 2014 for a period of three years. In 2017, his term was extended by a year.

Image: File

NEW DELHI: Chief Economic Advisor Arvind Subramanian has decided to quit from his post and will be leaving the finance ministry because of "pressing family commitments". In a tweet, Subramanian said, Profoundly grateful & humbled by these extraordinarily generous words by Minister Arun Jaitely announcing my decision to return-for personal reasons-to researching & writing. CEA job most rewarding, fulfilling, exciting I have ever had. Many many to thanks.

Profoundly grateful & humbled by these extraordinarily generous words by Minister @arunjaitley announcing my decision to return-for personal reasons-to researching & writing. CEA job most rewarding, fulfilling, exciting I have ever had. Many many to thank:https://t.co/kwsRqDrMTB

— arvind subramanian (@arvindsubraman) June 20, 2018

Here is his statement -

My statement on the announcement of my departure from the job of CEA. pic.twitter.com/4slYcujugO

— arvind subramanian (@arvindsubraman) June 20, 2018

Subramanian took charge as the CEA on October 16, 2014 for a period of three years. In 2017, his term was extended by a year.  The minister, however, did not say as to when Subramanian will relinquish the office. Arun Jaitley wrote, "few days ago Chief Economic Advisor Arvind Subramanian met me over video conferencing. He informed me that he would like to go back to the United States on account of pressing family commitments." To this, Congress said the resignation of Chief Economic Adviser Arvind Subramanian has not come as a surprise as all 'financial experts' in Modi government are fed up of its 'collossal economic mismanagement'' and are stepping down. Congress communications in-charge Randeep Surjewala cited examples of ex-Niti Aayog vice chairman Arvind Panagariya and former RBI Governor Raghuram Rajan in this regard.