According to a formal order, Krishnamurthy Subramanian, a former Chief Economic Advisor, will begin serving as India’s Executive Director at the International Monetary Fund (IMF) in November.
According to the order from the cabinet’s appointments committee, Subramanian’s term will last for three years, or until further instructions, beginning on November 1. Between 2018 to 2021, Subramanian—who is currently a professor of finance at the Indian School of Business—was the finance ministry’s youngest CEA. The ruling said that Surjit Bhalla’s current term as Executive Director (India) at the IMF will end on October 31.
In his capacity as top economic advisor, Subramanian oversaw the creation of India’s Economic Surveys for FY19, FY20, and FY21, the finance ministry’s yearly independent assessment of the country’s economy that is included in the union budget documents. In his most recent Economic Survey, Subramanian discussed other major issues affecting the nation, such as climate change and sustainable development, as well as the ethical conflict between saving lives and protecting livelihoods.
Subramanian, who holds a PhD from the University of Chicago, has published widely in journals on a variety of topics, including corporate governance, law and finance, and banking. His alma maters, IIT-Kanpur and IIM-Calcutta, awarded Subramanian the Distinguished Alumnus title. He has discussed the government’s policy objective of growing the Indian economy to $5 trillion in the Economic Surveys.