K Subramanian takes charge as India's Chief Economic Adviser

New Delhi, Dec 24 (KNN) Krishnamurthy Subramanian today took charge as India's Chief Economic Adviser (CEA).

He was appointed as CEA on December 7 by the Government for a period of three years.

The post of CEA was lying vacant for over four months, after Arvind Subramanian earlier this year said that he will return back to the US for ‘personal reasons’.

He had joined as the CEA on October 16, 2014, for a period of three years, which was later extended.

Although his official contract was till May 2019, he cut short his extended tenure.

Subramanian, was associate professor of finance (with tenure) and executive director for the Centre for Analytical Finance at country's premier business-school Indian School of Business.

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

In previous academic roles, Subramanian served on the finance faculty at Goizueta Business School at Emory University in the United States.

The main role of a CEA is to advise the government on key economic issues.

Besides, the adviser and its team come out with an annual Economic Survey ahead of Union Budget.

Before beginning his academic career, Subramanian worked as a consultant with JP Morgan Chase in New York.

He also served in a management role in the elite derivatives research group at ICICI Ltd, which at the time was India’s top project financing institution.