New Delhi: The government on Friday appointed Dr Krishnamurthy Subramanian as the new Chief Economic Advisor (CEA) for a period of three years. Krishnamurthy, an associate professor of Indian School of Business (ISB) in Hyderabad, replaced Arvind Subramanian, who resigned on July 20 — a year ahead of the end of his tenure. Arvind Subramanian was supposed to resign in May 2019. However, he quit ahead of the time to pursue higher education in the US.
Krishnamurthy Subramanian has earned a PhD degree from Chicago-Booth. Moreover, he is hailed as a top-ranking IIT-IIM alumnus and is considered to be one of the world’s leading experts in banking, corporate governance and economic policy, stated the official website of the Indian School of Business. Currently, Krishnamurthy serves as associate professor of finance. He is also the executive director of the Centre for Analytical Finance. He gained expertise in corporate governance and the banking reforms by serving on the expert committees of Securities and Exchange Board of India (SEBI) and Reserve Bank of India (RBI).
Some of the world’s leading journals such as The Review of Financial Studies, the Journal of Financial Economics, the Journal of Financial and Quantitative Analysis, and the Journal of Law and Economics has published research articles of Krishnamurthy in fields including banking, law and finance, innovation and economic growth.