The Appointments Committee of the Cabinet (ACC) has approved the appointment of Krishnamurthy Subramanian as the new Chief Economic Advisor for a period of three years, according to an official notification issued on Friday.
Subramanian is currently an associate professor at the Indian School of Business (ISB), Hyderabad. He holds a PhD from Chicago-Booth and is an alumnus of both IIT and IIM. 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.
The previous CEA, Arvind Subramanian resigned from his position due to personal reasons, having completed nearly four years in that position.