Krishnamurthy Subramanian: Difference between revisions

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{{short description|Indian economist}}
{{Short description|Indian economist}}
{{Use Indian English|date=December 2018}}
{{Use Indian English|date=December 2018}}
{{Use dmy dates|date = May 2019}}
{{Use dmy dates|date = May 2019}}
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| office = 17th{{nbsp}}[[Chief Economic Adviser to the Government of India]]
| office = 17th{{nbsp}}[[Chief Economic Adviser to the Government of India]]
| honorific_prefix =
| honorific_prefix =
| image = File:The Chief Economic Advisor, Dr. Krishnamurthy Subramanian at the National Conference on ‘Economics of Competition Law’, organised by the Competition Commission of India, in New Delhi on March 01, 2019. (cropped).JPG
| image = The Chief Economic Advisor, Dr. Krishnamurthy Subramanian at the National Conference on ‘Economics of Competition Law’, organised by the Competition Commission of India, in New Delhi on March 01, 2019. (cropped).JPG
| alt = Krishnamurthy Subramanian
| alt = Krishnamurthy Subramanian
| appointer = [[Appointments Committee of the Cabinet]]
| primeminister = [[Narendra Modi]]
| minister = [[Nirmala Sitharaman]]
| minister = [[Nirmala Sitharaman]]
| predecessor = [[Arvind Subramanian]]
| predecessor = [[Arvind Subramanian]]
| successor =
| successor = [[V Anantha Nageswaran]]
| birth_date = {{birth date and age|1971|5|5|df=y}}
| birth_date = {{birth date and age|1971|5|5|df=y}}
| birth_place = [[Bhilai]], [[Chhattisgarh]]
| birth_place = [[Bhilai]], [[Chhattisgarh]]
| nationality = Indian  
| nationality = Indian  
| profession = [[Economist]]  
| profession = [[Economist]]  
| alma_mater = {{nowrap|[[IIT Kanpur]] ([[BTech]])<br>[[IIM Calcutta]] ([[MBA]])<br>[[University of Chicago Booth School of Business|University of Chicago]] ([[MBA]], [[PhD]]) }}
| alma_mater = [[Indian Institute of Technology, Kanpur]] ([[BTech]])<br />[[Indian Institute of Management, Calcutta]] ([[MBA]])<br />[[University of Chicago Booth School of Business|University of Chicago]] ([[MBA]], [[PhD]])
| term_start = {{date|2018-12-07|df=dmy}}
| term_start = 7 December 2018
| term_end =
| term_end = 6 December 2021 <ref>{{cite news | url=https://www.business-standard.com/article/economy-policy/cea-subramanian-to-leave-finance-ministry-will-return-to-academia-121100801100_1.html | title=CEA Subramanian to leave finance ministry, will return to academia | newspaper=Business Standard India | date=8 October 2021 | last1=Choudhary | first1=Shrimi }}</ref>
| module = {{Infobox economist| embed = yes
| module = {{Infobox economist| embed = yes
| doctoral_advisor = [[Luigi Zingales]]<br />[[Raghuram Rajan]]
| doctoral_advisor = [[Luigi Zingales]]<br />[[Raghuram Rajan]]
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}}
}}
}}
}}
'''Krishnamurthy Venkata Subramanian''' (born May 5, 1971) is an Indian economist and the current [[Chief Economic Adviser to the Government of India]] (CEA), officially being appointed to the position on {{Date|2018-12-07|dmy}}. The post of CEA was vacant for over five{{Nbsp}}months since the 16th{{Nbsp}}CEA, [[Arvind Subramanian]], left due to personal reasons in {{Date|June 2018|dmy}}, having occupied the position for a few months more than the usual term of three{{Nbsp}}years.<ref>{{Cite news|url=https://economictimes.indiatimes.com/news/politics-and-nation/chief-economic-advisor-arvind-subramanian-resigns-due-to-personal-reasons-will-move-to-us/articleshow/64662276.cms|title=Chief Economic Advisor Arvind Subramanian resigns due to personal reasons, will move to US|date=2018-06-20|work=The Economic Times|access-date=2018-12-07|archive-url=https://web.archive.org/web/20180620124911/https://economictimes.indiatimes.com/news/politics-and-nation/chief-economic-advisor-arvind-subramanian-resigns-due-to-personal-reasons-will-move-to-us/articleshow/64662276.cms|archive-date=2018-06-20|url-status=live}}</ref><ref>{{Cite web|url=https://www.outlookindia.com/newsscroll/govt-appoints-krishnamurthy-subramanian-as-chief-economic-advisor/1435637|title=Govt appoints Krishnamurthy Subramanian as Chief Economic Advisor|website=Outlook India|archive-url=https://web.archive.org/web/20181209165312/https://www.outlookindia.com/newsscroll/govt-appoints-krishnamurthy-subramanian-as-chief-economic-advisor/1435637|archive-date=2018-12-09|url-status=live|access-date=2018-12-07}}</ref>
'''Krishnamurthy Venkata Subramanian''' (born May 5, 1971) is an Indian economist who served as the 17th [[Chief Economic Adviser to the Government of India]]. Professor Subramanian is a leading expert on economic policy, banking and corporate governance, who was the youngest Chief Economic Advisor to the Government of India, serving from 2018 to 2021.<ref>{{Cite web |title=Prof K Subramanian |url=http://www.iitk.ac.in/dora/profile/Prof-K-Subramanian |access-date=2022-06-14 |website=www.iitk.ac.in}}</ref>
 
Subramanian is also a Professor at the [[Indian School of Business]] (ISB).<ref>{{Cite news|url=https://www.livemint.com/Politics/wcnDhZuTsalrlZvEGup97I/Krishnamurthy-Subramanian-appointed-new-chief-economic-advis.html|title=Krishnamurthy Subramanian appointed as CEA|work=livemint.com|date=2018-12-07 }}</ref> <ref>{{Cite news|url=https://indianexpress.com/article/who-is/who-is-krishnamurthy-subramanian-the-business-school-professor-appointed-as-cea-5483287/|title= Who is Krishnamurthy Subramanian?|work=indianexpress.com|date=2018-12-08 }}</ref> He was awarded "Professor of the Year" by ISB for elective courses that he taught for the Class of 2019. <ref>{{Cite news|url=https://www.thehindubusinessline.com/news/education/isb-awards-professor-of-the-year-to-cea-krishnamurthy-subramanian/article26754501.ece|title= ISB awards "Professor of the Year" to Krishnamurthy Subramanian|work=thehindubusinessline.com|date=2019-04-06 }}</ref>


== Education ==
== Education ==
He was born in [[Bhilai]], [[Chhattisgarh]] in a Tamil family. He did his schooling at senior secondary school sector 10, Bhilai. Subramanian holds a [[Master of Business Administration]] and [[Doctor of Philosophy]] (PhD) in [[financial economics]] from [[University of Chicago Booth School of Business]]. His PhD was completed under the supervision of [[Luigi Zingales]] and [[Raghuram Rajan]]. He is also an alumnus of the [[Indian Institute of Technology Kanpur|Indian Institute of Technology, Kanpur]] where he studied [[electrical engineering]], as well as the [[Indian Institute of Management Calcutta|Indian Institute of Management, Calcutta]], where he was awarded an [[Ewing Marion Kauffman Foundation]] Dissertation Fellowship in 2005.<ref>{{Cite web|url=https://www.kauffman.org/microsites/kdf/kauffman-dissertation-fellows|title=Kauffman Dissertation Fellows|website=www.kauffman.org|access-date=2018-12-07|archive-url=https://web.archive.org/web/20181209123831/https://www.kauffman.org/microsites/kdf/kauffman-dissertation-fellows|archive-date=2018-12-09|url-status=live}}</ref>
He was born in [[Bhilai]], [[Chhattisgarh]] in a Tamil family. He did his schooling at [MGM Senior Secondary School Sector VI  Bhilai]. He is an alumnus of the [[Indian Institute of Technology Kanpur|Indian Institute of Technology, Kanpur]] where he studied [[electrical engineering]] and holds a [[Master of Business Administration]] from [[Indian Institute of Management Calcutta|IIM Calcutta]] where he was awarded gold medal and placed in the Institute’s Roll of Honor .<ref>{{Cite web |title=Annual Convocation 2021 {{!}} IIM Calcutta |url=https://www.iimcal.ac.in/annual-convocation-2021 |access-date=2022-06-14 |website=www.iimcal.ac.in}}</ref> He received a [[Doctor of Philosophy]] (PhD) in [[financial economics]] from [[University of Chicago Booth School of Business]]. His PhD was completed under the supervision of [[Luigi Zingales]] and [[Raghuram Rajan]]. He was awarded an [[Ewing Marion Kauffman Foundation]] Dissertation Fellowship in 2005 for his doctoral research thesis.<ref>{{Cite web|url=https://www.kauffman.org/microsites/kdf/kauffman-dissertation-fellows|title=Kauffman Dissertation Fellows|website=www.kauffman.org|access-date=2018-12-07|archive-url=https://web.archive.org/web/20181209123831/https://www.kauffman.org/microsites/kdf/kauffman-dissertation-fellows|archive-date=2018-12-09|url-status=live}}</ref> He also holds [[Financial risk management|Financial Risk Management]] specialization from [[Global Association of Risk Professionals|GARP]].


== Career ==
== Career ==
Subramanian has worked in expert committees for [[Securities and Exchange Board of India]] and the [[Reserve Bank of India]], being part of major economic and corporate reforms in India. He has worked with [[JPMorgan Chase]], [[ICICI Bank]] and [[Tata Consultancy Services]]. He was a board member in [[Bandhan Bank]], the [[National Institute of Bank Management]] and the Reserve Bank of India Academy,<ref>{{Cite web|url=https://indianexpress.com/article/business/krishnamurthy-subramanian-chief-economic-advisor-cea5483274/|title=ISB professor Krishnamurthy Subramanian appointed as new Chief Economic Adviser|date=2018-12-07|website=The Indian Express|language=en-IN|access-date=2018-12-07|archive-url=https://web.archive.org/web/20181207145855/https://indianexpress.com/article/business/krishnamurthy-subramanian-chief-economic-advisor-cea5483274/|archive-date=2018-12-07|url-status=live}}</ref> and has academically been a part of the finance faculty at [[Goizueta Business School]] at [[Emory University]] in the United States of America.<ref name=":1">{{Cite web|url=https://www.bloombergquint.com/global-economics/krishnamurthy-subramanian-appointed-as-the-next-chief-economic-adviser|title=Krishnamurthy Subramanian Appointed As The Next Chief Economic Adviser|website=BloombergQuint|access-date=2018-12-07|archive-url=https://web.archive.org/web/20181209124523/https://www.bloombergquint.com/global-economics/krishnamurthy-subramanian-appointed-as-the-next-chief-economic-adviser|archive-date=2018-12-09|url-status=live}}</ref><ref name=":0">{{Cite web|url=https://www.moneycontrol.com/news/business/economy/govt-appoints-krishnamurthy-subramanian-as-chief-economic-adviser-for-3-years-3264991.html|title=Govt appoints Krishnamurthy Subramanian as Chief Economic Adviser for 3 years|website=Moneycontrol|access-date=2018-12-07|archive-url=https://web.archive.org/web/20181207154433/https://www.moneycontrol.com/news/business/economy/govt-appoints-krishnamurthy-subramanian-as-chief-economic-adviser-for-3-years-3264991.html|archive-date=2018-12-07|url-status=live}}</ref>
Subramanian has worked in expert committees for [[Securities and Exchange Board of India]] and the [[Reserve Bank of India]], being a part of major economic and corporate reforms in India. He was Member & Director of Research, P J Nayak Committee on Governance of Bank Boards formed by [[Reserve Bank of India|RBI]], and was also a member of Uday Kotak Committee on Corporate Governance in [[Securities and Exchange Board of India|SEBI]]. He has worked with [[JPMorgan Chase]], [[ICICI Bank]] and [[Tata Consultancy Services]].  
 
He was a member of board of directors in [[Bandhan Bank]]. He was also a member of board of directors in the [[National Institute of Bank Management]] and the Reserve Bank of India Academy.<ref>{{Cite web|url=https://indianexpress.com/article/business/krishnamurthy-subramanian-chief-economic-advisor-cea5483274/|title=ISB professor Krishnamurthy Subramanian appointed as new Chief Economic Adviser|date=2018-12-07|website=The Indian Express|language=en-IN|access-date=2018-12-07|archive-url=https://web.archive.org/web/20181207145855/https://indianexpress.com/article/business/krishnamurthy-subramanian-chief-economic-advisor-cea5483274/|archive-date=2018-12-07|url-status=live}}</ref> He has academically been a part of the finance faculty at [[Goizueta Business School]] at [[Emory University]] in the United States of America.<ref name=":1">{{Cite web|url=https://www.bloombergquint.com/global-economics/krishnamurthy-subramanian-appointed-as-the-next-chief-economic-adviser|title=Krishnamurthy Subramanian Appointed As The Next Chief Economic Adviser|website=BloombergQuint|access-date=2018-12-07|archive-url=https://web.archive.org/web/20181209124523/https://www.bloombergquint.com/global-economics/krishnamurthy-subramanian-appointed-as-the-next-chief-economic-adviser|archive-date=2018-12-09|url-status=live}}</ref><ref name=":0">{{Cite web|url=https://www.moneycontrol.com/news/business/economy/govt-appoints-krishnamurthy-subramanian-as-chief-economic-adviser-for-3-years-3264991.html|title=Govt appoints Krishnamurthy Subramanian as Chief Economic Adviser for 3 years|website=Moneycontrol|access-date=2018-12-07|archive-url=https://web.archive.org/web/20181207154433/https://www.moneycontrol.com/news/business/economy/govt-appoints-krishnamurthy-subramanian-as-chief-economic-adviser-for-3-years-3264991.html|archive-date=2018-12-07|url-status=live}}</ref> He is a member of [[American Finance Association]].
 
Subramaniam is currently a [[Professor]] at the [[Indian School of Business]]. He was awarded "Professor of the Year" by ISB for courses that he taught for the Class of 2019.<ref>{{Cite news |date=2019-04-06 |title=ISB awards "Professor of the Year" to Krishnamurthy Subramanian |work=thehindubusinessline.com |url=https://www.thehindubusinessline.com/news/education/isb-awards-professor-of-the-year-to-cea-krishnamurthy-subramanian/article26754501.ece}}</ref>
 
His research in [[Bank|banking]], [[law]] and [[finance]], [[economic growth]] and [[corporate governance]] has been published in the world's leading journals including [[The Review of Financial Studies]] and The Journal of Financial Economics,    <ref>{{Cite news |title=Krishnamurthy Subramanian {{!}} Economic Survey: Meet the man whose counsel matters the most on Budget eve |work=The Economic Times |url=https://economictimes.indiatimes.com/news/economy/policy/economic-survey-meet-the-man-whose-counsel-matters-the-most-on-budget-eve/articleshow/73791614.cms?from=mdr |access-date=2022-06-14}}</ref>.
 
As the [[Chief Economic Advisor to the Government of India|Chief Economic Advisor]], Dr. Subramanian authored [[Economic survey of India|Economic Surveys]] on Ethical Wealth Creation for a prosperous India (2019-20), the Strategic Blueprint for India to become a $5 trillion economy (2018-19), and the post-Covid economy using public capital expenditures in infrastructure and healthcare to further counter-cyclical fiscal policy (2020-21). His ideas of the use of [[Behavioral economics|Behavioural Economics]] and Thalinomics captured the public imagination.<ref>{{Cite web |title=Chief Economic Advisor to Govt. of India - Dr. K V Subramanian |url=https://www.greatlakes.edu.in/chennai/ |access-date=2022-06-14 |website=www.greatlakes.edu.in}}</ref>


Subramanian is also currently a tenured [[Professor]] at the [[Indian School of Business]],<ref>{{Cite web|url=https://www.isb.edu/faculty-research/faculty/directory/subramanian-krishnamurthy|title=Subramanian, Krishnamurthy {{!}} Indian School of Business (ISB)|website=www.isb.edu|access-date=2018-12-07|archive-url=https://web.archive.org/web/20181209123851/https://www.isb.edu/faculty-research/faculty/directory/subramanian-krishnamurthy|archive-date=2018-12-09|url-status=live}}</ref> and earlier worked as an executive assistant to the chairperson of the Fixed Income Money Markets and Derivatives Association of India.<ref>{{Cite web|url=https://www.timesnownews.com/business-economy/economy/article/who-is-krishnamurthy-subramanian-profile-age-five-things-to-know-about-the-new-chief-economic-advisor-to-the-government-of-india/327579|title=Who is Krishnamurthy Subramanian? Five things to know about the new Chief Economic Advisor to the Government of India|website=Times Now|language=en-GB|archive-url=https://web.archive.org/web/20181207142856/https://www.timesnownews.com/business-economy/economy/article/who-is-krishnamurthy-subramanian-profile-age-five-things-to-know-about-the-new-chief-economic-advisor-to-the-government-of-india/327579|archive-date=2018-12-07|url-status=live|access-date=2018-12-07}}</ref>
Dr Subramanian has been conferred the Distinguished Alumnus award by his alma maters  [[IIT Kanpur|IIT-Kanpur]] and [[Indian Institute of Management Calcutta|IIM-Calcutta]].<ref>{{Cite web |url=https://twitter.com/iitkanpur/status/1185183350354432002 |access-date=2022-06-17 |website=Twitter |language=en}}</ref>  


In articles published in ''[[The Times of India]]'' and ''[[Livemint]]'' titled, "Will Black Be Back? Why demonetisation will be revolutionary in India’s fight against corruption", and "Demonetisation: Are the poor really suffering?", respectively, Subramanian supported the [[2016 Indian banknote demonetisation|Government of India's banknote demonetisation policy]] in 2016.<ref>{{Cite web|url=https://timesofindia.indiatimes.com/blogs/et-commentary/will-black-be-back-why-demonetisation-will-be-revolutionary-in-indias-fight-against-corruption/|title=Will Black Be Back? Why demonetisation will be revolutionary in India's fight against corruption|date=2016-11-11|website=Times of India Blog|language=en-US|access-date=2018-12-07|archive-url=https://web.archive.org/web/20181210024131/https://timesofindia.indiatimes.com/blogs/et-commentary/will-black-be-back-why-demonetisation-will-be-revolutionary-in-indias-fight-against-corruption/|archive-date=2018-12-10|url-status=live}}</ref><ref>{{Cite web|url=https://www.livemint.com/Opinion/s6Wp9DGoeQK8FevHSsRTHO/Demonetization-Are-the-poor-really-suffering.html|title=Demonetisation: Are the poor really suffering?|last=Subramanian|first=Krishnamurthy|date=2016-11-23|website=Livemint|language=en|archive-url=https://web.archive.org/web/20181209124325/https://www.livemint.com/Opinion/s6Wp9DGoeQK8FevHSsRTHO/Demonetization-Are-the-poor-really-suffering.html|archive-date=2018-12-09|url-status=live|access-date=2018-12-07}}</ref><ref name=":1" />
In articles published in ''[[The Times of India]]'' and ''[[Livemint]]'' titled, "Will Black Be Back? Why demonetisation will be revolutionary in India’s fight against corruption", and "Demonetisation: Are the poor really suffering?", respectively, Subramanian supported the [[2016 Indian banknote demonetisation|Government of India's banknote demonetisation policy]] in 2016.<ref>{{Cite web|url=https://timesofindia.indiatimes.com/blogs/et-commentary/will-black-be-back-why-demonetisation-will-be-revolutionary-in-indias-fight-against-corruption/|title=Will Black Be Back? Why demonetisation will be revolutionary in India's fight against corruption|date=2016-11-11|website=Times of India Blog|language=en-US|access-date=2018-12-07|archive-url=https://web.archive.org/web/20181210024131/https://timesofindia.indiatimes.com/blogs/et-commentary/will-black-be-back-why-demonetisation-will-be-revolutionary-in-indias-fight-against-corruption/|archive-date=2018-12-10|url-status=live}}</ref><ref>{{Cite web|url=https://www.livemint.com/Opinion/s6Wp9DGoeQK8FevHSsRTHO/Demonetization-Are-the-poor-really-suffering.html|title=Demonetisation: Are the poor really suffering?|last=Subramanian|first=Krishnamurthy|date=2016-11-23|website=Livemint|language=en|archive-url=https://web.archive.org/web/20181209124325/https://www.livemint.com/Opinion/s6Wp9DGoeQK8FevHSsRTHO/Demonetization-Are-the-poor-really-suffering.html|archive-date=2018-12-09|url-status=live|access-date=2018-12-07}}</ref><ref name=":1" />


Subramanian was inducted into the [[Fifteenth Finance Commission|Fifteenth{{Nbsp}}Finance Commission's]] [[Fifteenth Finance Commission#Advisory council|advisory council]] in {{Date|May 2019|dmy}}.<ref>{{Cite news|url=https://www.business-standard.com/article/news-ani/chief-economic-advisor-krishnamurthy-subramanian-appointed-as-member-of-advisory-council-of-15th-finance-commission-119050301416_1.html|title=Chief Economic Advisor Krishnamurthy Subramanian appointed as member of Advisory Council of 15th Finance Commission|date=3 May 2019|work=[[Business Standard]]|access-date=10 May 2019|publisher=Business Standard Ltd.|agency=[[Asian News International]]|oclc=496280002|archive-date=1 September 2020|archive-url=https://web.archive.org/web/20200901040229/https://www.business-standard.com/article/news-ani/chief-economic-advisor-krishnamurthy-subramanian-appointed-as-member-of-advisory-council-of-15th-finance-commission-119050301416_1.html|url-status=live}}</ref><ref>{{Cite web|url=https://www.thequint.com/news/hot-news/cea-k-subramanian-joins-finance-panel-s-advisory-council|title=CEA K Subramanian joins Finance panel's advisory council|date=3 May 2019|website=[[The Quint]]|publication-place=[[New Delhi]]|access-date=10 May 2019|agency=[[Indo-Asian News Service]]|archive-date=1 September 2020|archive-url=https://web.archive.org/web/20200901040221/https://www.thequint.com/news/hot-news/cea-k-subramanian-joins-finance-panel-s-advisory-council|url-status=live}}</ref>
Subramanian was inducted into the [[Fifteenth Finance Commission|Fifteenth{{Nbsp}}Finance Commission's]] [[Fifteenth Finance Commission#Advisory council|advisory council]] in May 2019.<ref>{{Cite news|url=https://www.business-standard.com/article/news-ani/chief-economic-advisor-krishnamurthy-subramanian-appointed-as-member-of-advisory-council-of-15th-finance-commission-119050301416_1.html|title=Chief Economic Advisor Krishnamurthy Subramanian appointed as member of Advisory Council of 15th Finance Commission|date=3 May 2019|work=[[Business Standard]]|access-date=10 May 2019|publisher=Business Standard Ltd.|agency=[[Asian News International]]|oclc=496280002|archive-date=1 September 2020|archive-url=https://web.archive.org/web/20200901040229/https://www.business-standard.com/article/news-ani/chief-economic-advisor-krishnamurthy-subramanian-appointed-as-member-of-advisory-council-of-15th-finance-commission-119050301416_1.html|url-status=live}}</ref><ref>{{Cite web|url=https://www.thequint.com/news/hot-news/cea-k-subramanian-joins-finance-panel-s-advisory-council|title=CEA K Subramanian joins Finance panel's advisory council|date=3 May 2019|website=[[The Quint]]|publication-place=[[New Delhi]]|access-date=10 May 2019|agency=[[Indo-Asian News Service]]|archive-date=1 September 2020|archive-url=https://web.archive.org/web/20200901040221/https://www.thequint.com/news/hot-news/cea-k-subramanian-joins-finance-panel-s-advisory-council|url-status=live}}</ref>


== References ==
== References ==
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[[Category:Living people]]
[[Category:21st-century Indian economists]]
[[Category:21st-century Indian economists]]
[[Category:Indian Institute of Technology Kanpur alumni]]
[[Category:IIT Kanpur alumni]]
[[Category:Indian Institute of Management Calcutta alumni]]
[[Category:Indian Institute of Management Calcutta alumni]]
[[Category:University of Chicago Booth School of Business alumni]]
[[Category:University of Chicago Booth School of Business alumni]]
[[Category:University of Chicago alumni]]
[[Category:University of Chicago alumni]]
[[Category:Chief Economic Advisers to the Government of India]]
[[Category:Chief Economic Advisers to the Government of India]]
[[Category:Indian academics]]
[[Category:Indian School of Business faculty]]
[[Category:1971 births]]
[[Category:1971 births]]
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[[Category:People from Bhilai]]

Revision as of 19:54, 23 June 2022


Krishnamurthy Subramanian
Krishnamurthy Subramanian
17th Chief Economic Adviser to the Government of India
In office
7 December 2018 – 6 December 2021 [1]
Prime MinisterNarendra Modi
MinisterNirmala Sitharaman
Preceded byArvind Subramanian
Succeeded byV Anantha Nageswaran
Personal details
Born (1971-05-05) 5 May 1971 (age 55)
Bhilai, Chhattisgarh
NationalityIndian
Alma materIndian Institute of Technology, Kanpur (BTech)
Indian Institute of Management, Calcutta (MBA)
University of Chicago (MBA, PhD)
ProfessionEconomist
Academic career
InstitutionsIndian School of Business
Goizueta Business School, Emory University
FieldFinancial economics
Doctoral
advisor		Luigi Zingales
Raghuram Rajan
2=

Krishnamurthy Venkata Subramanian (born May 5, 1971) is an Indian economist who served as the 17th Chief Economic Adviser to the Government of India. Professor Subramanian is a leading expert on economic policy, banking and corporate governance, who was the youngest Chief Economic Advisor to the Government of India, serving from 2018 to 2021.[2]

Education

He was born in Bhilai, Chhattisgarh in a Tamil family. He did his schooling at [MGM Senior Secondary School Sector VI Bhilai]. He is an alumnus of the Indian Institute of Technology, Kanpur where he studied electrical engineering and holds a Master of Business Administration from IIM Calcutta where he was awarded gold medal and placed in the Institute’s Roll of Honor .[3] He received a Doctor of Philosophy (PhD) in financial economics from University of Chicago Booth School of Business. His PhD was completed under the supervision of Luigi Zingales and Raghuram Rajan. He was awarded an Ewing Marion Kauffman Foundation Dissertation Fellowship in 2005 for his doctoral research thesis.[4] He also holds Financial Risk Management specialization from GARP.

Career

Subramanian has worked in expert committees for Securities and Exchange Board of India and the Reserve Bank of India, being a part of major economic and corporate reforms in India. He was Member & Director of Research, P J Nayak Committee on Governance of Bank Boards formed by RBI, and was also a member of Uday Kotak Committee on Corporate Governance in SEBI. He has worked with JPMorgan Chase, ICICI Bank and Tata Consultancy Services.

He was a member of board of directors in Bandhan Bank. He was also a member of board of directors in the National Institute of Bank Management and the Reserve Bank of India Academy.[5] He has academically been a part of the finance faculty at Goizueta Business School at Emory University in the United States of America.[6][7] He is a member of American Finance Association.

Subramaniam is currently a Professor at the Indian School of Business. He was awarded "Professor of the Year" by ISB for courses that he taught for the Class of 2019.[8]

His research in banking, law and finance, economic growth and corporate governance has been published in the world's leading journals including The Review of Financial Studies and The Journal of Financial Economics, [9].

As the Chief Economic Advisor, Dr. Subramanian authored Economic Surveys on Ethical Wealth Creation for a prosperous India (2019-20), the Strategic Blueprint for India to become a $5 trillion economy (2018-19), and the post-Covid economy using public capital expenditures in infrastructure and healthcare to further counter-cyclical fiscal policy (2020-21). His ideas of the use of Behavioural Economics and Thalinomics captured the public imagination.[10]

Dr Subramanian has been conferred the Distinguished Alumnus award by his alma maters IIT-Kanpur and IIM-Calcutta.[11]

In articles published in The Times of India and Livemint titled, "Will Black Be Back? Why demonetisation will be revolutionary in India’s fight against corruption", and "Demonetisation: Are the poor really suffering?", respectively, Subramanian supported the Government of India's banknote demonetisation policy in 2016.[12][13][6]

Subramanian was inducted into the Fifteenth Finance Commission's advisory council in May 2019.[14][15]

References

  1. ↑ Choudhary, Shrimi (8 October 2021). "CEA Subramanian to leave finance ministry, will return to academia". Business Standard India.
  2. ↑ "Prof K Subramanian". www.iitk.ac.in. Retrieved 14 June 2022.
  3. ↑ "Annual Convocation 2021 | IIM Calcutta". www.iimcal.ac.in. Retrieved 14 June 2022.
  4. ↑ "Kauffman Dissertation Fellows". www.kauffman.org. Archived from the original on 9 December 2018. Retrieved 7 December 2018.
  5. ↑ "ISB professor Krishnamurthy Subramanian appointed as new Chief Economic Adviser". The Indian Express. 7 December 2018. Archived from the original on 7 December 2018. Retrieved 7 December 2018.
  6. ↑ 6.0 6.1 "Krishnamurthy Subramanian Appointed As The Next Chief Economic Adviser". BloombergQuint. Archived from the original on 9 December 2018. Retrieved 7 December 2018.
  7. ↑ "Govt appoints Krishnamurthy Subramanian as Chief Economic Adviser for 3 years". Moneycontrol. Archived from the original on 7 December 2018. Retrieved 7 December 2018.
  8. ↑ "ISB awards "Professor of the Year" to Krishnamurthy Subramanian". thehindubusinessline.com. 6 April 2019.
  9. ↑ "Krishnamurthy Subramanian | Economic Survey: Meet the man whose counsel matters the most on Budget eve". The Economic Times. Retrieved 14 June 2022.
  10. ↑ "Chief Economic Advisor to Govt. of India - Dr. K V Subramanian". www.greatlakes.edu.in. Retrieved 14 June 2022.
  11. ↑ Twitter https://twitter.com/iitkanpur/status/1185183350354432002. Retrieved 17 June 2022. {{cite web}}: Missing or empty |title= (help)
  12. ↑ "Will Black Be Back? Why demonetisation will be revolutionary in India's fight against corruption". Times of India Blog. 11 November 2016. Archived from the original on 10 December 2018. Retrieved 7 December 2018.
  13. ↑ Subramanian, Krishnamurthy (23 November 2016). "Demonetisation: Are the poor really suffering?". Livemint. Archived from the original on 9 December 2018. Retrieved 7 December 2018.
  14. ↑ "Chief Economic Advisor Krishnamurthy Subramanian appointed as member of Advisory Council of 15th Finance Commission". Business Standard. Business Standard Ltd. Asian News International. 3 May 2019. OCLC 496280002. Archived from the original on 1 September 2020. Retrieved 10 May 2019.
  15. ↑ "CEA K Subramanian joins Finance panel's advisory council". The Quint. New Delhi. Indo-Asian News Service. 3 May 2019. Archived from the original on 1 September 2020. Retrieved 10 May 2019.

External links


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