Published: Wed, June 20, 2018
Economy | By

CEA Arvind Subramanian has resigned, to return to U.S.: Jaitley

CEA Arvind Subramanian has resigned, to return to U.S.: Jaitley

"Subramanian will be leaving the finance ministry after almost 4 years because of "pressing family commitments" and return to the US", Union minister Arun Jaitley said today.

Subramanian had joined the government as the economic advisor on October 16, 2014 for a period of three years.

Jaitley suggested that the government was open to granting Subramanian an extension; he had already been given a one-year extension last October when his initial three-year term came to an end.

NDTV is one of the leaders in the production and broadcasting of un-biased and comprehensive news and entertainment programmes in India and overseas. "Many many to thank", Subramanian tweeted minutes after Jaitley's post.

Chief economic advisor Arvind Subramanian gestures as he addresses the media during a news conference, in New Delhi, January 29, 2018.

"Profoundly grateful & humbled by these extraordinarily generous words by Minister Arun Jaitley announcing my decision to return-for personal reasons-to researching & writing".

The Indian-born, Oxford-educated economist was picked by Prime Minister Narendra Modi for the post, which was left vacant by former International Monetary Fund (IMF) chief economist Raghuram Rajan when he took over the reins of India's central bank. He informed me that 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", Jaitley wrote in a Facebook post.

"Personally I will miss his dynamism, energy, intellectual ability and ideas", Mr. Jaitley added. He would walk into my room-at times several times a day-addressing me as "Minister" to give either the good news or otherwise.

Responding to Jaitley's annoumcement, Subramanian said his job as the CEA has been the most "rewarding, fulfulling, exciting" he ever had. I wish Arvind Subramanian and his family all the very best. The Dennis Weatherstone Senior Fellow at the Washington-based Peterson Institute of International Economics was on leave from the institute for public service.

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