KV Subramanian will return to academia at the end of his three-year stint as Chief Economic Adviser next month. “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. I have wonderful support and encouragement,” Mr 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 endeavouring my best to do justice to the responsibility that comes with the privilege,” Mr Subramanian said in a statement that he tweeted.
The announcement has come ahead of the Budgetary exercise for FY23 starting from October 12. Sources indicated that government would soon start the selection process and invite application for new appointment on deputation basis. However even if his successor is appointed in time, he will have only a few months to pen economic survey of FY22.
“Being provided the opportunity to contribute during a period of tremendous uncertainty and epochal change has been the lucky icing on the cake. So, while being conscious of the enormous privilege bestowed on me, I will happily return back to serving the country as a researcher after fulfilling my three-year commitment,” Subramanian said in a long statement.
“His intuitive understanding of economic policy combines with an unmistakable determination to use the same to elevate the lives of common citizens,” he added.
“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 honour 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 symbolises 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.
