Krishnamurthy Subramanian appointed as Chief Economic Advisor for 3 years

New Delhi: Krishnamurthy Subramanian, a top-ranking IIT-IIM alumnus, has been appointed as the new Chiec Economic Advisor for a period of 3 years.

Subramanian is currently serving as Associate Professor of Finance and Executive Director for the Centre for Analytical Finance at the Indian School of Business. He holds a PhD from the University of Chicago Booth School of Business.

"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.

An influential voice in the Indian banking sector, his service on the expert committee on governance of banks for the RBI Reserve Bank of India has been widely recognised.

The government on June 30 invited applications for the appointment of CEA on deputation basis after Arvind Subramanian quit the office ahead of completion of his term.

The finance ministry had appointed a search committee headed by former Reserve Bank of India governor Bimal Jalan to shortlist candidates for the post. Economic affairs secretary Subhash C Garg and B P Sharma, secretary, department of personnel training are also members of the selection panel.

Arvind Subramanian was appointed as CEA on October 16, 2014, for a 3-year term and was given an extension last year. His official contract was till May 2019.