India’s Chief Economic Adviser Arvind Subramanian is standing down after serving for nearly four years and would return to the United States, union minister Arun Jaitley said on Wednesday.
“He would like to go back to the United States on account of pressing family commitments. ..He left me with no option but to agree with him,” Arun Jaitley said in a Facebook post.
Subramanian joined as the chief economic adviser on October 16, 2014 for a period of three years, which was extended by another year till October 2018 last year.
In his Facebook note titled ‘Thank you Arvind’, Jaitley said Subrmanian had been “torn between family commitment and his current job” when he had requested him to continue at the post last year.
Subramanian expressed his desire to go back to the United States to Jaitley over video-conferencing, he said.
The CEA is usually the key go-to person for advice for the finance minister on macro-economic matters, and primary responsibilities, among others, include authoring the mid-year analysis and the Economic Survey
Outlining some of his key achievement, the minister said Subramanian said his four Economic Surveys” have been judged by several independent critics as some of the “best ever produced”.
“He [Subramanian] thought ahead and, therefore, came out with futuristic ideas on rationalisation of removal of “subsidies for the rich”, universal basic income, climate change, from “socialism without entry and capitalism without exit” and the four C’s that he had historically paralysed decision making”, Jaitley wrote.
– With agency inputs
Source: HindustanTimes