Krishnamurthy V. Subramanian, a renowned Indian economist, has been suddenly removed from his position as Executive Director at the International Monetary Fund (IMF) by the Indian government, six months before the end of his tenure.
Prior to his appointment at the IMF in 2022, Subramanian served as the youngest Chief Economic Adviser (CEA) to the Government of India from 2018 to 2021. He played a crucial role in stabilising India’s economy during the Covid-19 crisis and introduced innovative ideas like Thalinomics.
Though no official reason has been given for his abrupt removal, sources suggest it may be linked to his criticism of the IMF’s data and rating methodology, as well as controversy surrounding the promotion of his book.
Who is Krishnamurthy V. Subramanian?
Subramanian holds an engineering degree from IIT Kanpur, a management degree from IIM Calcutta, and a PhD from the University of Chicago. He has also worked with ICICI, JPMorgan Chase, the Indian School of Business, and was part of the RBI’s P J Nayak Committee. As India’s 17th Chief Economic Adviser, he became known for introducing concepts like Thalinomics, V-shaped recovery, and the behavioural economics of nudge in the Economic Survey.