Subramanian Steps Down As CEA, Will Return To Academics

Following the completion of his three-year tenure, Chief Economic Advisor, K V Subramanian announced that he is stepping down from his post, on October 8th, 2021.

“Each day that I have walked into North Block, I have reminded myself of this privilege while endeavouring my best to do justice to the responsibility that comes with the privilege. Being provided the opportunity to contribute during a period of tremendous uncertainty and epochal change has been the lucky icing on the cake," he said in a statement released on Twitter.

Subramanian had taken over the role of CEA in December 2018 after his predecessor Arvind Subramanian stepped down from the role.

Subramanian has earlier played a role in various committees of SEBI and RBI. He has also worked in the private sector with the companies like JPMorgan Chase and Tata Consultancy Services.

He was awarded the ‘Professor of the Year’ award in 2019, while he was teaching at the Indian School of Business.

He also praised PM Narendra Modi and Finance Minister Nirmala Sitharaman in the statement. “On umpteen circumstances, I have walked out inspired after a meeting with him- only a genuine leader can elicit such sentiment,” Subramanian said about the Prime Minister in the statement.

Subramanian, according to the statement, will go back to the field of academics. “I will happily return to serving the country as a researcher after fulfilling my three-year commitment," the statement read.

The government is yet to decide who will succeed Subramanian to be the next CEA.