On Friday, the government of India has appointed Krishnamurthy Subramanian, associate professor and executive director (Centre for Analytical Finance) of Indian School of Business, Hyderabad, as the new chief economic adviser to the finance minister for a period of three years.
Krishnamurthy Subramanian will be replacing Arvind Subramanian, who resigned from the post 20 June this year. Arvind Subramanian’s term was supposed to end in May 2019. Apparently, Arvind will return to academic research and writing in the US, apart from discharging the new responsibilities of a grandparent.
A top-ranking IIT-IIM alumnus, Krishnamurthy Subramanian holds a PhD from Chicago-Booth, and is seen as one of the world’s leading experts in banking, corporate governance and economic policy, the ISB Hyderabad website says.
Meanwhile, Krishnamurthy also serves as a member of Sebi’s standing committees on alternative investment policy, primary markets, secondary markets and research. Other than this, he is also on the boards of the National Institute of Bank Management, the RBI Academy and the Bandhan Bank Ltd.