The Appointments Committee of the Cabinet (ACC) has approved for the appointment of Dr Krishnamurthy Subramanian, Associate Prof. and ED (CAF), ISB, Hyderabad, to the post of Chief Economic Adviser,” said a government notification. Subsequently, the government appointed ISB Hyderabad professor Krishnamurthy Subramanian as Chief Economic Adviser for a period of three years on December 7, 2017. The Chief Economic Adviser (CEA) is the economic advisor to the Government of India. The CEA is the ex-officio cadre controlling authority of the Indian Economic Service. The CEA is under the direct charge of the Minister of Finance.
Who is Krishnamurthy Subramanian?
Mr. Subramanian is seen as one of the world’s leading experts in banking, corporate governance and economic policy. Before being appointed to the post, he was an associate professor and executive director (Centre for Analytical Finance) of Indian School of Business (ISB), Hyderabad. He Subramanian is a trained engineer and has a degree in Electrical Engineering from IIT Kanpur. He is also an alumni of IIM Calcutta, where he was named to the famed Honour Roll on account of his stellar academic performance after he had topped his batch. He earned PhD from Chicago-Booth, US in Financial Economics under the advice of Professor Luigi Zingales and Professor Raghuram Rajan, the former RBI governor. Prior to taking a plunge into the world of academia, Subramanian worked as a consultant with JPMorgan Chase in New York and also served in a management role in the derivatives research group at ICICI Ltd. Besides being on the boards of Bandhan Bank Ltd, the National Institute of Bank Management, and the RBI Academy, Subramanian also serves as a member of SEBI’s standing committees on alternative investment policy, primary markets, secondary markets and research.