The government on August 25 announced that the former Chief Economic Advisor (CEA) Krishnamurthy Subramanian will be appointed as the Executive Director (India) at the International Monetary Fund (IMF) from November 1. 

Subramanian’s appointment will be for a period of three years or until further orders, whichever is earlier, according to the Appointments Committee of the Cabinet Ministry of Personnel, Public Grievances, and Pensions. He will succeed the IMF’s current ED (India) Surjit Bhalla whose tenure has been curtailed up to October 31, 2022.

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Who is Krishnamurthy Subramanian?

A prominent name in the Indian banking sector, Dr. Krishnamurthy Subramanian, has been major economic and corporate reforms in India. He was born on May 5, 1971, in Bhilai, Chhattisgarh in a Tamil family. He completed his schooling at MGM Senior Secondary School Sector VI Bhilai.

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Subramanian holds a bachelor’s degree in electrical engineering from the Indian Institute of Technology (IIT), Kanpur. He was named to the Honor Roll of the Institute for being a batch topper during his MBA at the Indian Institute of Management in Calcutta.

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A PhD from the Booth School of Business, University of Chicago, Subramanian has vast knowledge and expertise in banking, corporate governance, and economic policy. His research in banking, law and finance, innovation and economic growth, and corporate governance has been published in the world’s leading journals.

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Subramanian was appointed as the Chief Economic Advisor (CEA) in December 2018 for a period of three years. He had succeeded Arvind Subramanian. He was the youngest serving CEA to the Government of India from 2018 to 2021.  He is also a professor of finance at the Indian School of Business (ISB), Hyderabad.

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Dr. Subramanian has been a part of the expert committees including the PJ Nayak Committee on the governance of banks for the Reserve Bank of India (RBI) and the Uday Kotak Corporate Governance Committee of the Securities and Exchange Board of India (SEBI). He has also served as a member of the Board of Directors at Bandhan Bank and the National Institute of Bank Management.