Former chief economic adviser (CEA) Krishnamurthy V Subramanian will take over as the next executive director (ED) for India at the International Monetary Fund (IMF) from November 1. He will replace economist Surjit Bhalla.
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According to an order by the Appointments Committee of the Cabinet, Subramanian’s term will continue for a period of three years or until further orders, whichever is earlier.
Bhalla was appointed in 2019 after then ED for India and former RBI deputy governor Subir Gokarn died in July that year.
After completing a three-year tenure as the CEA in December 2021, Subramanian returned to ISB Hyderabad where he is serving as a professor.
A PhD in financial economics from the Booth School of Business, University of Chicago, and an alumnus of IIM Calcutta as well as IIT Kanpur, Subramanian is an expert in banking, corporate governance and economic policy.
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