Arvind Subramanian appointed as Chief Economic Advisor
US-based economist Arvind Subramanian appointed as Chief Economic Advisor in the Union Finance Ministry for a period of three years on contract basis.
Union Government on 16 October 2014 appointed US-based economist Arvind Subramanian as Chief Economic Advisor (CEA) in the Union Finance Ministry. He has been appointed as the CEA for a period of three years on contract basis.
Subramanian is the third economist of international rapport to be appointed to the key post of CEA in the recent years. Other two internationally renowned economists who recently have served as CEA are Kaushik Basu (World Bank Chief Economist) and Raghuram Rajan (current RBI Governor and former IMF chief economist).
About Arvind Subramanian
• Subramanian is a senior fellow at the Peterson Institute for International Economics and at Center for Global Development. Both institutes are based in Washington
• He is an expert of the economics of India, China and the changing balance of global economic power
• He is an alumnus of St Stephens College, Delhi and IIM Ahmedabad
• Subramanian’s academic work has focused on trade and its effect on developing countries
The post of CEA was lying vacant since Raghuram Rajan left the Union Finance Ministry to join the Reserve Bank as its 23rd Governor in 2013. He succeeded D. Subbarao who demitted the office as RBI Governor on 4 September 2013.