Dr Krishnamurthy Subramanian appointed as new chief economic advisor , He replaces Arvind Subramanian, who resigned from the post on June 20 this year. His term was supposed to end in May 2019 but he wanted to return to academic research in the US.
Krishnamurthy Subramanian, associate professor and executive director (Centre for Analytical Finance) of Indian School of Business (ISB), Hyderabad, as the new chief economic adviser to the finance minister for a period of three years.
A PhD from Chicago-Booth and a top-ranking IIT-IIM alumnus, Subramanian is a leading expert on banking, corporate governance and economic policy.
He obtained his MBA and PhD in Financial Economics under the advice of Professor Luigi Zingales and Professor Raghuram Rajan, who was a former RBI governor.
His research in banking, law and finance, innovation and economic growth, and corporate governance has been published in leading journals, including The Review of Financial Studies, the Journal of Financial Economics, the Journal of Financial and Quantitative Analysis, and the Journal of Law and Economics.
Before beginning his academic career, Subramanian worked as a consultant with JPMorgan Chase in New York. He also served in a management role in the research group at ICICI Ltd., which at the time was India’s top project financing institution and one of the most sought-after recruiters in top Indian business schools.
He was awarded ISB’s inaugural Alumni Endowment Research Fellow in 2014 for his exceptional work in shaping the banking sector.
Because of his work in shaping the Indian banking sector and other path-breaking research with a significant societal impact, Subramanian was named ISB’s inaugural Alumni Endowment Research Fellow in 2014.
In previous academic roles, Subramanian served on the finance faculty at Goizueta Business School at Emory University in the United States.
It is important to note few weeks before only former chief economic advisor Arvind Subramanian Breaking his silence on the November 8, 2016 decision of Prime Minister Narendra Modi, he said “Demonetisation was a massive, draconian, monetary shock that accelerated economic slide to 6.8 per cent in the seven quarters after it against the 8 per cent recorded prior to the note ban “