NEW DELHI : Chief Economic Advisor (CEA) KV Subramanian has resigned from his post.
He tweeted that: “I have decided to return back to academia following the completion of my 3-year fulfilling tenure.
Serving The Nation has been an absolute privilege Folded hands and I have wonderful support and encouragement. “Prime Minister Modi took to Twitter to wish Mr Subramanian the very best in the future endeavors.
Subramanian on Friday said he has decided to return to academia after completion of his three-year term in the finance ministry. In a statement, Subramanian thanked Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman for their support and inspiring leadership.”His intuitive understanding of economic policy combines with an unmistakable determination to use the same to elevate the lives of common citizens,” he added.
“I have decided to return back to academia following the completion of my 3-year fulfilling tenure,” he said. Serving the nation has been an absolute privilege. I have wonderful support and encouragement,” Subramanian tweeted. “To get an opportunity to serve one’s nation is an absolute privilege. Each day that I have walked into North Block I have reminded myself of this privilege while endeavoring my best to do justice to the responsibility that comes with the privilege,” he said in a statement.
“I have received tremendous encouragement and support from within the government and have been fortunate to enjoy a warm relationship with senior functionaries. In close to three decades of my professional life, I am yet to encounter a more inspiring leader than the Hon’ble Prime Minister Shri Narendra Modiji,” Subramanian said.
At the same time, the government has not yet announced the next CEA. On 7 December 2018, KV Subramanian was made the Chief Economic Advisor of the country, about 5 months after Arvind Subramaniam left the post. The information coming in from the CEA office states that since his tenure was ending in December this year only and due to the personal reasons he has decided to quit early. The chief economic advisor has chosen to step down after fulfilling his tenure of three years to return to academia.
“India is witnessing dramatic change. After all, as my late father had dreamt and worked so hard for, a person who was the first ever in his entire clan to step into the hallowed portals of a university gets the honor to serve the nation. Such an opportunity to ‘Live the Indian Dream’ manifests under a leader who takes equal pride in his humble origins.
That such a savant comes away genuinely admiring the leader symbolizes an India where meritocracy is in and entitlement is out. To be at the helm during such a time of spectacular change is an incredible honour that I will cherish forever,” he further said in his statement.The government had appointed Subramanian, a ISB Hyderabad professor, as the CEA in December 2018. He had succeeded Arvind Subramanian.
Mr Subramanian also thanked Finance Minister Nirmala Sitharaman for her “feedback” on important matters, which he said was “as committed as her support”. “In the periodic meetings at North Block, Madam’s sense of humour and easy manner play a critical role in enabling a healthy debate that is so essential amidst epochal change,” the Chief Economic Adviser said.