K Subramanian Steps Down From CEA Post After Completion of 3 Year Tenure

Chief Economic Adviser of India Krishnamurthy Subramanian announced that he is stepping down from his post.

Chief Economic Adviser of India Krishnamurthy Subramanian on Friday, 7 October, announced that he is stepping down from his post.

(Photo Courtesy: Twitter/ KV Subramanian)

Chief Economic Adviser of India Krishnamurthy Subramanian on Friday, 7 October, announced that he is stepping down from his post, news agency ANI reported.

Subramanian's announcement comes following the completion of three-year tenure.

"I've decided to return back to academia following completion of my 3-year fulfilling tenure as CEA, GoI," he was quoted as saying.

Subramanian had taken charge as the chief economic adviser on 7 December 2018, succeeding Arvind Subramanian to the role.

"To get an opportunity to serve one's nation is an absolute privilege," Subramanian said in a statement.

"Its been a delight to work with K Subramanian. His academic brilliance, unique perspectives on key economic as well as policy matters and reformist zeal are noteworthy. Wishing him the very best for his coming endeavours," tweeted Prime Minister Narendra Modi, following the CEA's resignation.

Subramanian has previously served on the expert committee on governance of banks for the Reserve Bank of India. He has also been part of the Board of Directors at Bandhan Bank and the National Institute of Bank Management.

The CEA has also taught finance at the Indian School of Business (ISB) Hyderabad.

The Centre is yet to announce Subramanian's successor.