Krishnamurthy Subramanian: Difference between revisions

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'''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>
'''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> He has been appointed to the post of India's Executive Director at the [[International Monetary Fund|IMF]], with effect from November 1, 2022


== Education ==
== 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|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]].  
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 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 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]].  
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]].  
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>
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>


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 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 |date=3 May 2019 |title=Chief Economic Advisor Krishnamurthy Subramanian appointed as member of Advisory Council of 15th Finance Commission |work=[[Business Standard]] |publisher=Business Standard Ltd. |agency=[[Asian News International]] |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 |url-status=live |access-date=10 May 2019 |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 |archive-date=1 September 2020 |oclc=496280002}}</ref><ref>{{Cite web |date=3 May 2019 |title=CEA K Subramanian joins Finance panel's advisory council |url=https://www.thequint.com/news/hot-news/cea-k-subramanian-joins-finance-panel-s-advisory-council |url-status=live |archive-url=https://web.archive.org/web/20200901040221/https://www.thequint.com/news/hot-news/cea-k-subramanian-joins-finance-panel-s-advisory-council |archive-date=1 September 2020 |access-date=10 May 2019 |website=[[The Quint]] |publication-place=[[New Delhi]] |agency=[[Indo-Asian News Service]]}}</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>  
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 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 ==