Former CEA Krishnamurthy Subramanian appointed India’s Executive Director at IMF

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The Appointments Committee of the Cabinet has approved the appointment of Dr Krishnamurthy Subramaniam, former Chief Economic Adviser, to the post of Executive Director (India) in the International Monetary Fund.

IMPORTANT FACTS -

• He has been appointed for a period of three years with effect from November 1, 2022.

• Subramaniam, who is currently Professor of Finance at the Indian School of Business, will succeed Surjit S Bhalla, who was appointed to the post in 2019.

• Subramaniam had stepped down as the Chief Economic Adviser in 2021 after a 3-year tenure.

• The government of India had appointed Professor Subramaniam, ISB Hyderabad, as the CEA in December 2018. He had replaced Arvind Subramanian.

• Subramaniam holds an MBA in Financial Economics and a Doctor of Philosophy (PhD) degree from the University of Chicago Booth School of Business.

• He has completed his PhD in supervision of former RBI Governor Raghuram Rajan.

• Subramaniam is also an alumnus of the IIT, Kanpur where he studied electrical engineering.

• He was the youngest Chief Economic Adviser to the Government of India from 2018 to 2021.

India’s Executive Director at IMF :

• The IMF's EDs are elected through voting by governors representing the countries of the respective constituencies for a two-year term.

• India falls in a 4-country constituency in which India, Bangladesh, Sri Lanka and Bhutan are members.