Krishnamurthy Subramanian

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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
BornBhilai, 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 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] He has been appointed to the post of India's Executive Director at the IMF, with effect from November 1, 2022

Education[edit]

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 holds Financial Risk Management specialization from GARP.

Career[edit]

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.

Subramanian 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]

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.[9]

Subramanian was inducted into the Fifteenth Finance Commission's advisory council in May 2019.[10][11]

Dr Subramanian has been conferred the Distinguished Alumnus award by his alma maters IIT-Kanpur and IIM-Calcutta.[12]

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.[13][14][6]

References[edit]

  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. "Chief Economic Advisor to Govt. of India - Dr. K V Subramanian". www.greatlakes.edu.in. Retrieved 14 June 2022.
  10. "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.
  11. "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.
  12. Twitter https://twitter.com/iitkanpur/status/1185183350354432002. Retrieved 17 June 2022. {{cite web}}: Missing or empty |title= (help)
  13. "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.
  14. Subramanian, Krishnamurthy (23 November 2016). "Demonetisation: Are the poor really suffering?". Livemint. Archived from the original on 9 December 2018. Retrieved 7 December 2018.

External links[edit]


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