Chief economic adviser Arvind Subramanian to return to US

Lloyd Doyle
June 20, 2018

Subramanian joined as the chief economic adviser on October 16, 2014 for a period of three years, which was extended by another year till October 2018.

Chief Economic Adviser Arvind Subramanian will go back to the U.S. after serving almost four years in the post, Union Minister Arun Jaitley said today. In a farewell note posted on Facebook (FB), union minister Arun Jaitley reminisced about his association with the Oxford graduate.

Praising Subramanian's contribution, Jaitley said his early diagnosis of the twin balance-sheet problem led the government to adopt the strategy of increasing public spending to support India's economic growth.

"A few days ago Chief Economic Advisor Arvind Subramanian met me over video conferencing".

Subramanian quit owing to family commitments, Jaitley said in his FB post. He tweeted: "Profoundly grateful and humbled by these extraordinarily generous words by Minister Arun Jaitley announcing my decision to return-for personal reasons-to researching and writing. He left me with no option but to agree with him", Jaitley said.

Subramanian, a former economist at the International Monetary Fund (IMF), had originally planned to return to his family in the U.S. at the end of three years, reported the Mint.

"Even at that stage, he told me that he was torn between family commitments and his current job which he considered the best and most fulfilling he has ever done", Mr. Jaitley said.

Jaitley said that Subramanian came up with new ideas, policy reforms in the sectors of clothing, fertilisers, kerosene, power and pulses.

He is now on leave from the Peterson Institute for International Economics, where he is expected to return soon.

"His instantaneous communications with his interlocutors had increased his effectiveness". He has been on leave from the institute during the time he has been India's chief economic adviser.

Subramanian did his graduation in Economics from Delhi's prestigious St Stephens College and got an MBA from the Indian Institute of Management (IIM)-Ahmedabad.

Other reports by Iphone Fresh

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