Arvind Subramanian is India's new Chief Economic Adviser

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Arvind Subramanian.
New Delhi, Oct 16: US-based economist Arvind Subramanian was on Thursday appointed India's new chief economic adviser. He is a senior fellow at the Peterson Institute for International Economics and at the Center for Global Development, both located in Washington DC.

"It is a great honour... to serve in a government that has a mandate for reform and change. Macro-economic stability and creating favourable conditions for investment will be priorities," Subramanian told Reuters.

Subramanian worked closely with Reserve Bank of India (RBI) Governor Raghuram Rajan when both were at the International Monetary Fund (IMF) and frequently contributes to the Financial Times and is a columnist in India's financial daily, Business Standard.

The post of CEA was vacant since September 2013 after Raghuram Rajan took over as new Reserve Bank of India (RBI) governor.

CEA advices the finance minister on macro-economic matters and primary responsibilities and is also responsible for producing the annual Economic Survey and the mid-year economic analysis.

He has served as Assistant Director in the Research Department of the International Monetary Fund. He served at the GATT during the Uruguay Round of trade negotiations. He has taught at Harvard University's Kennedy School of Government during 1999 to 2000. He has also taught at Johns Hopkins' School for Advanced International Studies during 2008 to 2010.Arvind Subramanian has authored essays and other publications on growth, trade, development, institutions, aid, oil, India, Africa, and the World Trade Organization.

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 and many more.

Leading magazines and newspapers, including the Economist, Financial Times, Washington Post, New York Times, Wall Street Journal, have cited him many a times.

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