In a surprise development, Chief Economic Advisor Krishnamurthy Subramanian on Friday announced his resignation. Subramanian, whose tenure is ending on December 6, said he would return to academics. He will remain in office till the end of his term.
The announcement has come ahead of the budgetary exercise for FY23 starting on October 12. Sources indicated that the government would soon start the selection process for a new CEA. Subramanian’s successor, even if appointed without delay, will not have much time to write the Economic Survey of FY22 to be released before the Union Budget.
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