Subramanian at the 2011 PopTech conference in Camden,Maine
Chief Economic Advisor (2014–2018)
Subramanian delivering an address during his tenure as Chief Economic Advisor
In October 2014,he was appointed the Chief Economic Advisor (CEA) to Indian government. The post had been lying vacant since Raghuram Rajan left the finance ministry to join as governor of the Reserve Bank of India in September 2013.[6] After his three-year term ended in 2017,he was given a year's extension.[7]
On 20 June 2018,finance minister Arun Jaitley announced that owing to family commitments,Subramanian would be stepping down before the scheduled end of his tenure to return to academia in the US.[7][8] Jaitley noted that Subramanian's early diagnosis of the twin balance-sheet led to the government outlining higher public investment in the union budget of 2015–16. He also credited Subramanian with conceptualizing the Jan Dhan-Aadhaar-Mobile trinity,or JAM,as a data base of citizens for availing public benefits.[7]
In his role as the CEA,Subramanian was responsible for bringing out the annual Economic Survey of India,traditionally released prior to the presentation of the union budget in the Indian parliament. He is widely credited with revamping the presentation of information through the surveys,making them wider in scope and accessible to a larger audience.[8][9]
In 2024,Subramanian criticised the Indian government's claims of economic growth,saying "I can't understand the latest GDP numbers,they are mystifying,and don't add up."[13]
In March 2013,Subramanian,then a Senior Fellow at the Peterson Institute and CGD,appeared before United States House Committee on Ways and Means hearing on "US–India Trade Relations:Opportunities and Challenges." During his testimony,he stated that "by discriminating against Indian companies and exporters,[US initiatives] will exert natural pressure on India to open up".[14]
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