Government appoints Former CEA K Subramanian as Executive Director for India at IMF

Former Chief Economic Adviser Krishnamurthy Subramanian was on Thursday appointed as the Executive Director for India on the board of the International Monetary Fund (IMF), an official order said.

Subramanian, who is also Professor (Finance)at Indian School of Business, will succeed Surjit S Bhalla, an eminent economist and columnist, who has also served as a part-time member of the Economic Advisory Council to the Prime Minister (EAC-PM).

The Appointments Committee of the Cabinet (

), headed by Prime Minister Narendra Modi, approved the appointment of Subramanian for a period of three years w.e.f 01.11.2022 or until further orders, whichever is earlier, the order said.

Subramanian stepped down as the CEA following completion of his three-year tenure in October last year.

Subramanian, a PhD from University of Chicago, is a prominent name in the Indian banking sector. He has served on the expert committee on governance of banks for the Reserve Bank of India. He also served as a member of the Board of Directors at

and the National Institute of Bank Management.

Before beginning his academic career, Subramanian worked as a consultant with JPMorgan Chase in New York. He also served in a management role in the elite derivatives research group at ICICI Ltd, which at the time was India’s top project financing institution.