Krishnamurthy Subramanian replaces Arvind Subramanian as new Chief Economic Adviser to the Finance Minister. The NaMo administration appointed him for a period of three years on contract basis. He is Associate Professor and Executive Director (Centre for Analytical Finance) of Indian School of Business, Hyderabad.

 

The post of the chief economic adivser had been lying vacant since Arvind Subramanaian left the finance ministry, on June 20, after a four-year.

 

Krishnamurthy’s appointment comes a couple of months ahead of the interim budget, where the Modi-led NDA is expected to outline its vision for further reforms and inclusive growth.

 

Krishnamurthy is a PhD from Chicago-Booth and a top-ranking IIT-IIM alumnus and is seen as one of the world’s leading experts in banking, corporate governance and economic policy.

 

Presently, he also serves as 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 Ltd, the National Institute of Bank Management, and the RBI Academy.