Who is Krishnamurthy Subramanian, new Chief Economic Adviser
India’s new Chief Economic Adviser Krishnamurthy Subramanian, an alumnus of IIT Kanpur and IIM Calcutta, is an Associate Professor at Indian School of Business. Hailing from Hyderabad, he holds an MBA and PhD from the University of Chicago Booth School of Business. Subramanian was a member of Uday Kotak-led panel on corporate governance and PJ Nayak-led committee on bank governance.
Subramanian, 47, specializes in banking, corporate governance and economic policy.
The CEA in the finance ministry is a key contributor to the government’s overall strategy in managing the economy and offers a critique of the hits and misses through the economic survey. Raghuram Rajan, under whose advice Subramanian obtained his PhD in financial economics at the University of Chicago’s Booth School of Business, was the CEA before he became the Reserve Bank of India governor in 2013.
The department of personnel said the appointments committee of the cabinet cleared Subramanian’s appointment for a term of three years. Rajat Kathuria, director and chief executive of the Indian Council for Research on International Economic Relations (Icrier) said Subramanian was a “thoughtful choice” given his educational background and published works.