Dr Krishnamurthy Subramanian appointed 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.

The government on Friday appointed 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.

The government on Friday appointed Krishnamurthy Subramanian, associate professor and executive director (Centre for Analytical Finance) of Indian School of Business (ISB), Hyderabad, as the new chief economic adviser. (Lindkin Photo)

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.

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.

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.