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Arvind Subramanian Likely to Be Chief Economic Adviser
published on : 08-22-2014
Category : Appointments
US-based economist Arvind Subramanian is poised to be named as chief economic adviser to Prime Minister Narendra Modi's government, two sources at the finance ministry said on Friday. If confirmed, the appointment would bring a second economist of international renown to a key policy post following the naming of former International Monetary Fund chief economist Raghuram Rajan as Reserve Bank of India chief last year. (Who is Arvind Subramanian?) Mr Subramanian, a senior fellow at the Peterson Institute for International Economics, was recommended to the post by Finance Minister Arun Jaitley. Cabinet-level approval is expected to follow. "He is likely to be appointed soon," one of the sources said. Narendra Modi stormed to a general election victory in May with a pledge to lift the economy out of its worst slowdown in a quarter of a century and put to work the one million young people who enter the workforce each month. The nationalist leader has abolished a Soviet-style Planning Commission, but made an otherwise slow start on economic reforms, disappointing some backers who had hoped that he would take more decisive action to promote a recovery. In a major speech last week, Pm Modi complained that he had to contend with competing government "fiefdoms". Bringing in outside experts capable of challenging an entrenched bureaucracy could help him implement his policy agenda.
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Arvind Subramanian Economic Adviser appointment