The Executive Director for India at the International Monetary Fund (IMF) has been dismissed effective immediately, following a government directive dated April 30. Dr. Krishnamurthy Subramanian, who served as the youngest Chief Economic Advisor from 2018 to 2022, assumed the role of Executive Director (India) at the IMF in November 2022, representing India, Bangladesh, Sri Lanka, and Bhutan.
A government announcement stated, ‘The Appointment Committee of the Cabinet (ACC) has sanctioned the termination of Dr. Krishnamurthy Subramanian as Executive Director (India) at the International Monetary Fund with immediate effect.’
His tenure was originally set to conclude in November 2025, after a three-year term, but no explanation was provided for the premature termination. The ACC, which made this decision, is chaired by Prime Minister Narendra Modi. Dr. Krishnamurthy Subramanian, also referred to as KV Subramaniam, was the 17th Chief Economic Advisor to the Indian government and the youngest to hold this position.
He completed his electrical engineering degree at IIT Kharagpur, followed by an MBA from IIM Calcutta, and obtained his PhD in financial economics from the University of Chicago’s Booth School of Business. KV Subramaniam has participated in various expert committees for the Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI).
His research interests, as noted on IIT Kanpur’s website, encompass banking and monetary policy, corporate governance, banking regulation, bankruptcy, innovation and entrepreneurship, law and finance, and emerging markets.
