Arvind Subramanian

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Arvind Subramanian
Arvind Subramanian
16th Chief Economic Adviser to Government of India
Assumed office
16 October 2014
Preceded by Raghuram Rajan
Personal details
Born Chennai
Nationality Indian
Alma mater St Stephen's College, Delhi
IIM Ahmedabad
University of Oxford

Arvind Subramanian is an Indian economist and the current Chief Economic Adviser to the Government of India, having taken charge of the position on 16 October 2014 succeeding Raghuram Rajan.[1] The post of CEA was lying vacant for over a year since Raghuram Rajan left the finance ministry to join the RBI as governor in September 2013.

He served as the Dennis Weatherstone Senior Fellow at the Peterson Institute for International Economics and a Senior Fellow at the Center for Global Development, both located in Washington DC. Formerly an economist at the International Monetary Fund, he is a widely cited expert on the economics of India, China, and the changing balance of global economic power. Arvind Subramanian is the author of two books, India's Turn: Understanding the Economic Transformation published in 2008, Eclipse: Living in the Shadow of China's Economic Dominance published in September 2011, and co-author of Who Needs to Open the Capital Account? which was published in 2012.

In 2011, Foreign Policy magazine named him one of the world's top 100 global thinkers.[2]

Education[edit]

Subramanian is an economics honours graduate of St Stephen's College, Delhi, and did his MBA from the Indian Institute of Management, Ahmedabad. Further, he obtained his M Phil and D Phil from the University of Oxford, UK on the prestigious Inlaks Scholarship. He attended the DAV Boy's Senior Secondary School, Chennai, for his high school education.

Positions held[edit]

Subramanian was the Assistant Director in the Research Department of the International Monetary Fund. He is a development economist who worked closely with Reserve Bank of India Governor Raghuram Rajan when both were at the International Monetary Fund.[3] He served at the GATT during the Uruguay Round of trade negotiations. He has taught at Harvard University's Kennedy School of Government from 1999 to 2000. He has also taught at Johns Hopkins' School for Advanced International Studies from 2008 to 2010. Arvind Subramanian's elder brother is V S Krishnan who is an Indian Revenue Service Officer and is presently the Member of the Central Board of Excise and Customs and is a key player in piloting the Goods and Service Tax Bill.

In October 2014, he was appointed as Chief Economic Advisor to Indian government. The post of CEA had been lying vacant since Raghuram Rajan left the Finance Ministry to join the Reserve Bank as Governor in September 2013.[4]

Publications[edit]

Subramanian has authored essays and other publications on growth, trade, development, institutions, aid, oil, India, Africa, and the World Trade Organisation. He has been widely published in academic and other journals (including the American Economic Review (Papers and Proceedings), Review of Economics and Statistics, Journal of International Economics, Journal of Monetary Economics, Journal of Public Economics, Journal of Economic Growth, Journal of Development Economics, Brookings Papers on Economic Activity, Oxford Review of Economic Policy, International Monetary Fund Staff Papers, Foreign Affairs, World Economy, and Economic and Political Weekly.)

He has also been cited in leading magazines and newspapers, including the Economist, Financial Times, Washington Post, New York Times, Wall Street Journal, Newsweek, and New York Review of Books. He contributes frequently to the Financial Times and is a columnist in India's leading financial daily, Business Standard.

Controversies[edit]

As a Senior Fellow, Peterson Institute for International Economics and Center for Global Development, in March 2013, Arvind Subramanian appeared before United States House Committee on Ways and Means hearing on “US-India trade relations.”. During his testimony, Arvind Subramanian said "by discriminating against Indian companies and exporters, (US initiatives) will exert natural pressure on India to open up". [5]

References[edit]

  1. ^ The Times of India. "Arvind Subramanian appointed as a chief economic adviser". Retrieved 2014-10-16. 
  2. ^ Foreign Policy. "100 Top Global Thinkers 2011". Retrieved 2012-05-19. 
  3. ^ "Arvind Subramanian is Chief Economic Adviser". The Hindu. New Delhi. Reuters. 16 October 2014. Retrieved 17 October 2014. 
  4. ^ "Arvind Subramanian appointed Chief Economic Adviser to Modi government". The Economic Times. New Delhi. Press Trust of India. 16 October 2014. Retrieved 17 October 2014. 
  5. ^ United States House Committee on Ways and Means (13 March 2013). "Congressional Testimony before the Ways and Means Committee of the United States Congress, hearing on “US-India trade relations.” By Arvind Subramanian, Senior Fellow, Peterson Institute for International Economics and Center for Global Development, Washington, DC" (PDF). 

External links[edit]