The government has appointed Krishnamurthy Subramanian, an IIT-IIM alumnus, as the Chief Economic Adviser for a period of three years.
“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.
Currently, Subramanian serves as Associate Professor of Finance (with tenure) and Executive Director for the Centre for Analytical Finance at the Indian School of Business.
The post of Chief Economic Adviser was vacant since Arvind Subramanian stepped down, citing personal reasons.
Subramanian obtained his MBA and Ph.D. in Financial Economics at the University of Chicago Booth School of Business under the advice of Professor Luigi Zingales and Professor Raghuram Rajan.
His research in banking, law and finance, innovation and economic growth, and corporate governance has been published in the world’s leading journals, including The Review of Financial Studies, the Journal of Financial Economics, the Journal of Financial and Quantitative Analysis, and the Journal of Law and Economics.
He has been a part of expert committees on corporate governance for the Securities and Exchange Board of India (SEBI) and on the governance of banks for the Reserve Bank of India (RBI).
He also serves as a member of SEBI’s Standing Committees on Alternative Investment Policy, Primary Markets, Secondary Markets, and Research.