Chief Economic Advisor Subramanian resigns after 3-year term | Economic news
New Delhi: India’s Chief Economic Adviser (CEA) Krishnamurthy Venkata Subramanian announced on Friday (October 8th) that he would step down at the end of his three-year term.
In an official statement, he announced that he had decided to return to academia. “I have decided to return to academia after the end of my rewarding three-year tenure as chief economic adviser to the Indian government,” he said.
In a tweet, he added that the nation has been an absolute privilege and has received tremendous support and encouragement.
I decided to return to university after the end of my rewarding 3 year term. Serving the nation has been an absolute privilege and I have wonderful support and encouragement. My statement: @PMOIndia @Narendra Modi @EndMinIndia @nsitharamanoffc @PIB_India pic.twitter.com/NW5Y64kxJ6
– KV Subramanian (@SubramanianKri) October 8, 2021
As of yet, the central government has not appointed a successor to Subramanian, which was appointed CEA on December 7, 2018. In the past, CEA KV Subramanian has served on several export committees. He was also a member of the board of directors of Bandhan Bank and the National Institute of Bank Management. Also Read: Air India Divestment: From Carrier Buying Center To Saying “Tata” Check Airline Travel So Far
His appointment came five months after Arvind Subramanian left the CEA post, citing “pressing family commitments”. Also Read: Air India returns to Tatas after 68 years – Here’s everything you want to know