Krishnamurthy Subramanian (born May 5, 1971) is an Indian economist and academic. He served as the Chief Economic Adviser to the Government of India from December 2018 to December 2021. Known for his contributions to banking and financial economics, Subramanian has played a significant role in shaping economic policy in India.
Early Life and Education
Krishnamurthy Subramanian was born in Chennai, Tamil Nadu, India. He completed his early education in Chennai before pursuing higher studies in engineering. He earned a Bachelor of Technology (B.Tech) degree in Electrical Engineering from the Indian Institute of Technology (IIT) Kanpur. He later obtained an MBA from the Indian Institute of Management (IIM) Calcutta, where he was a gold medalist.
Subramanian went on to pursue a Ph.D. in Financial Economics from the Booth School of Business at the University of Chicago. His doctoral research was supervised by Luigi Zingales, a prominent economist and professor.
Academic Career
Before his tenure as Chief Economic Adviser, Subramanian was a Professor of Finance at the Indian School of Business (ISB), Hyderabad. His research interests include banking, corporate governance, and economic policy. He has published extensively in leading international journals, and his work has been widely cited in the fields of economics and finance.
Contributions as Chief Economic Adviser
As the Chief Economic Adviser to the Government of India, Subramanian was instrumental in formulating key economic policies. His tenure was marked by significant reforms in the banking sector, including measures to address non-performing assets (NPAs) and enhance financial stability. He also played a crucial role in the introduction of the Insolvency and Bankruptcy Code (IBC) and advocated for structural reforms to boost economic growth.
Subramanian was known for his data-driven approach to policy-making and his emphasis on evidence-based decisions. He authored several Economic Surveys, which are comprehensive reports on the state of the Indian economy, providing critical analysis and recommendations for policy-makers.
Post-Tenure Activities
After completing his term as Chief Economic Adviser, Subramanian returned to academia. He continues to teach and conduct research at the Indian School of Business. He is also a frequent commentator on economic issues in national and international media.
Awards and Recognitions
Throughout his career, Krishnamurthy Subramanian has received numerous awards and accolades. His contributions to economic policy and research have been recognized by various academic institutions and professional bodies.
Personal Life
Krishnamurthy Subramanian is married and has children. He is known for his passion for teaching and his commitment to advancing economic research in India.
Legacy
Krishnamurthy Subramanian's tenure as Chief Economic Adviser is widely regarded as a period of significant economic reforms and policy innovation. His work has had a lasting impact on India's economic landscape, particularly in the areas of banking and financial regulation.
Related Questions
1. Who is Krishnamurthy Subramanian?
Krishnamurthy Subramanian is an Indian economist and academic. He served as the Chief Economic Adviser to the Government of India from December 2018 to December 2021. He is known for his contributions to banking and financial economics and has played a significant role in shaping economic policy in India.
2. When and where was Krishnamurthy Subramanian born?
Krishnamurthy Subramanian was born on May 5, 1971, in Chennai, Tamil Nadu, India.
3. What is Krishnamurthy Subramanian's educational background?
Subramanian completed his Bachelor of Technology (B.Tech) degree in Electrical Engineering from the Indian Institute of Technology (IIT) Kanpur. He later earned an MBA from the Indian Institute of Management (IIM) Calcutta, where he was a gold medalist. He went on to pursue a Ph.D. in Financial Economics from the Booth School of Business at the University of Chicago.
4. Who supervised Krishnamurthy Subramanian's doctoral research?
His doctoral research was supervised by Luigi Zingales, a prominent economist and professor at the Booth School of Business, University of Chicago.
5. What was Krishnamurthy Subramanian's role before becoming the Chief Economic Adviser?
Before his tenure as Chief Economic Adviser, Subramanian was a Professor of Finance at the Indian School of Business (ISB), Hyderabad.
6. What are Krishnamurthy Subramanian's research interests?
His research interests include banking, corporate governance, and economic policy. He has published extensively in leading international journals, and his work has been widely cited in the fields of economics and finance.
7. What were some of Krishnamurthy Subramanian's contributions as Chief Economic Adviser?
As the Chief Economic Adviser, Subramanian was instrumental in formulating key economic policies. He played a crucial role in introducing the Insolvency and Bankruptcy Code (IBC) and implementing significant banking sector reforms to address non-performing assets (NPAs) and enhance financial stability. He also emphasized a data-driven approach to policy-making and authored several Economic Surveys.
