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Govt appoints Krishnamurthy Subramanian as Chief Economic Advisor

Press Trust of India  |  New Delhi 

The government Friday appointed ISB as for a period of three years.

The post of CEA had been lying vacant since left the after a four-year stint in Jlu this year.

"The 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.

His appointment will be for a period of three years, it said.

An IIT-IIM alumnus, Subramanian holds Ph D (Financial Economics) from Booth School of Business, University of Chicago, the US.

The government had invited applications for the post CEA in July.

The key responsibilities of the CEA include providing policy inputs on industrial development and foreign trade, conducting analysis of trends in industrial production and releasing statistical information on key economic indicators.

It could not be ascertained immediately when the new CEA would assume office.

According to the ISB website, Subramanian is one of the leading experts in banking, corporate governance and economic policy.

He has served on the expert committees on Corporate Governance for the Securities and Exchange Board of (Sebi) and on Governance of Banks for the Reserve Bank of (RBI).

Besides, he was a member of Sebi's standing committees on Alternative Investment Policy, Primary Markets, Secondary Markets and Research.

He is also on the boards of Bandhan Bank, the of Bank Management, and the

Before beginning his academic career, the website said Subramanian worked as a with in

In previous academic roles, he served on the at at in the

He obtained his MBA and PhD in Financial Economics at the under the advice of and (former CEA and RBI governor).

The Economic Survey of is also compiled and released by the CEA. assumed the role in October 2014 and stayed beyond the usual three-year term at the request of

Raghuram Rajan, who too was a CEA, became the of the in 2013.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, December 07 2018. 16:50 IST