Centre Ends IMF Executive Director KV Subramanian's Tenure
According to a government notice, Dr. Krishnamurthy Subramaniam's employment with the IMF as executive director (India) has been suspended.
New Delhi (India) May 4: According to a government order dated April 30, the executive director for India at the International Monetary Fund (IMF) has been removed with immediate effect.
In November 2022, Subramaniam, who served as the nation's youngest Chief Economic Advisor from 2018 to 2022, became the IMF's Executive Director (India). He represented Bhutan, Bangladesh, Sri Lanka, and India at the IMF in this role.
A government notice on the matter said, “The Appointment Committee of the Cabinet (ACC) has approved termination of Dr Krishnamurthy Subramanian as Executive Director (India) at the International Monetary Fund with immediate effect.”
There were concerns that were raised regarding the publicity of his latest book.
According to the reports, Subramanian reportedly questioned the IMF's statistics, which did not sit well with the international organization's officials.
Concerns were also expressed, according to the sources, regarding an "alleged impropriety" in the publicity and promotion of his most recent book, "India @ 100.”
He would have finished his three-year term as IMF executive director in November 2025. The government gave no explanation for shortening his term.
KV Subramaniam served on a number of expert committees for the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI).
Professor Subramanian's primary research interests include banking and monetary policy, corporate governance, banking regulation, bankruptcy, innovation & entrepreneurship, law and finance, and emerging markets, according to the profile of him on the website of IIT Kanpur.
KV Subramaniam, commonly known as Dr. Krishnamurthy Subramaniam, was the youngest person to serve as the Indian government's 17th Chief Economic Advisor.
He received an MBA from IIM Calcutta after completing his studies in electrical engineering at IIT Kharagpur. He graduated with a PhD in financial economics from the Booth School of Business at the University of Chicago.
The 25 executive directors, sometimes known as EDs, who make up the IMF's executive board are chosen by the member nations or groups of nations.
India is part of a four-nation constituency that also includes Bangladesh, Sri Lanka, and Bhutan.
- Aadrika Tayal
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