India: new Chief Economic Adviser
Published 20 October 2014
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0.1 This publication was archived on 5 August 2016.
This article is no longer current. Please refer to Overseas Business Risk – India.
0.2 Summary
Arvind Subramanian, renowned academic and critic of the Indian government’s WTO stance, appointed Chief Economic Adviser.
0.3 Detail
Arvind Subramaniam is an advocate of free trade, fiscal reform, closer Indo-US ties and global cooperation on climate change. He is also keen to boost the share of manufacturing in the Indian economy and should lend more weight to PM Modi’s Make in India campaign. He has identified macro-economic stability and creating conditions for rapid investment and growth as key priority areas.
The Chief Economic Adviser (CEA) is closely involved in budget preparations. Commenting on the Modi Government’s first budget he said “In substance, this was a Budget prepared by incumbent bureaucrats, not incoming politicians. It represented continuity… when the need of the hour was change”.
He is seen as a close ally of RBI Governor Rajan, having worked together at the IMF. Rajan previously held the position of Chief Economic Adviser, before joining the RBI more than a year ago.
Dr. Subramanian is the Dennis Weatherstone Senior Fellow at the Peterson Institute for International Economics and Senior Fellow at the Center for Global Development. He has worked at the IMF and the GATT during the Uruguay Round of trade negotiations. He has also taught at Harvard University`s Kennedy School of Government and at Johns Hopkins University. He is an alumnus of St.Stephen’s College, Delhi and the Indian Institute of Management, Ahmedabad. He completed his M.Phil and D.Phil from Oxford University, UK.
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