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Arvind Subramanian is an Indian economist and the former Chief Economic Advisor to the Government of India, having served from 16 October 2014 to 20 June 2018. Subramanian is currently a Senior Fellow at the Watson Institute for International and Public Affairs at
Brown University Brown University is a private research university in Providence, Rhode Island. Brown is the seventh-oldest institution of higher education in the United States, founded in 1764 as the College in the English Colony of Rhode Island and Provide ...
. He previously served as Professor of Economics at
Ashoka University Ashoka University is a philanthropy-driven private university located in the National Capital Region (NCR), India, focusing on a liberal education in the Humanities, the Social Sciences, and the Sciences. The university is on a mission to buil ...
and a Senior
Fellow A fellow is a concept whose exact meaning depends on context. In learned or professional societies, it refers to a privileged member who is specially elected in recognition of their work and achievements. Within the context of higher educatio ...
at the
Peterson Institute for International Economics The Peterson Institute for International Economics (PIIE), known until 2006 as the Institute for International Economics (IIE), is an American think tank based in Washington, D.C. It was founded by C. Fred Bergsten in 1981 and has been led by ...
and
Center for Global Development The Center for Global Development (CGD) is a nonprofit think tank based in Washington, D.C., and London that focuses on international development. History It was founded in November 2001 by former senior U.S. official Edward W. Scott, direct ...
. A former economist at the
International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster glob ...
, Subramanian is a widely cited expert on the economics of India,
China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's List of countries and dependencies by population, most populous country, with a Population of China, population exceeding 1.4 billion, slig ...
, and the changing balance of global
economic power Economic power refers to the ability of countries, businesses or individuals to improve living standards. It increases their ability to make decisions on their own that benefit them. Scholars of international relations also refer to the economic p ...
. He is the author of two books, '' India's Turn: Understanding the Economic Transformation'' (2008), '' Eclipse: Living in the Shadow of China's Economic Dominance'' (2011), and co-author of '' Who Needs to Open the Capital Account?'' (2012). In 2011, ''
Foreign Policy A state's foreign policy or external policy (as opposed to internal or domestic policy) is its objectives and activities in relation to its interactions with other states, unions, and other political entities, whether bilaterally or through ...
'' magazine named Subramanian one of the world's top 100 global thinkers.


Education

Subramanian attended the D.A.V. Boys Senior Secondary School in
Chennai Chennai (, ), formerly known as Madras ( the official name until 1996), is the capital city of Tamil Nadu, the southernmost Indian state. The largest city of the state in area and population, Chennai is located on the Coromandel Coast of t ...
, for his high school education. He proceeded to
St Stephen's College, Delhi St. Stephen's College is a constituent college of the University of Delhi, widely regarded as one of the oldest and most prestigious colleges for arts and sciences in India. It was established in 1881 by the Cambridge Mission to Delhi. The college ...
for his graduation, where he obtained B.A (Hons.) Economics. He subsequently earned an
MBA A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounti ...
from the Indian Institute of Management, Ahmedabad and M.Phil & D.Phil degrees from the
University of Oxford , mottoeng = The Lord is my light , established = , endowment = £6.1 billion (including colleges) (2019) , budget = £2.145 billion (2019–20) , chancellor ...
on an Inlaks Scholarship.


Career

Subramanian was the Assistant Director in the Research Department of the
International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster glob ...
. He is a development economist who worked closely with former
Reserve Bank of India The Reserve Bank of India, chiefly known as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. It is under the ownership of Ministry of Finance, Government of India. It is responsible f ...
Governor
Raghuram Rajan Raghuram Govind Rajan (born 3 February 1963) is an Indian economist and the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. Quote: "I am an Indian citizen. I have always b ...
when both were at the International Monetary Fund. He served at the
GATT The General Agreement on Tariffs and Trade (GATT) is a legal agreement between many countries, whose overall purpose was to promote international trade by reducing or eliminating trade barriers such as tariffs or quotas. According to its prea ...
during the
Uruguay Round The Uruguay Round was the 8th round of multilateral trade negotiations (MTN) conducted within the framework of the General Agreement on Tariffs and Trade (GATT), spanning from 1986 to 1993 and embracing 123 countries as "contracting parties". The ...
of trade negotiations. He taught at
Harvard University Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of highe ...
's
Kennedy School of Government The Harvard Kennedy School (HKS), officially the John F. Kennedy School of Government, is the school of public policy and government of Harvard University in Cambridge, Massachusetts. The school offers master's degrees in public policy, public ...
from 1999 to 2000 and Johns Hopkins' Paul H. Nitze School of Advanced International Studies from 2008 to 2010.


Chief Economic Advisor (2014-2018)

In October 2014, he was appointed the Chief Economic Advisor (CEA) to Indian government. The post had been lying vacant since
Raghuram Rajan Raghuram Govind Rajan (born 3 February 1963) is an Indian economist and the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. Quote: "I am an Indian citizen. I have always b ...
left the finance ministry to join as
governor A governor is an administrative leader and head of a polity or political region, ranking under the head of state and in some cases, such as governors-general, as the head of state's official representative. Depending on the type of political ...
of the
Reserve Bank of India The Reserve Bank of India, chiefly known as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. It is under the ownership of Ministry of Finance, Government of India. It is responsible f ...
in September 2013. After his three-year term ended in 2017, he was given a year's extension. On 20 June 2018, finance minister
Arun Jaitley Arun Jaitley (28 December 1952 – 24 August 2019) was an Indian politician and attorney. A member of the Bharatiya Janata Party, Jaitley served as the Minister of Finance and Corporate Affairs of the Government of India from 2014 to 2019. Jait ...
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. 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. 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.


2018-present

From 2018 to 2020, Subramanian served as a Visiting Lecturer at
Harvard University Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of highe ...
's
Kennedy School The Kennedy School, originally the John D. Kennedy Elementary School, is a former elementary school that has been converted to a hotel, movie theater and dining establishment in northeast Portland, Oregon. The facility is operated by the McMena ...
. He was a subsequently Professor of Economics at
Ashoka University Ashoka University is a philanthropy-driven private university located in the National Capital Region (NCR), India, focusing on a liberal education in the Humanities, the Social Sciences, and the Sciences. The university is on a mission to buil ...
, but resigned from his post citing the circumstances surrounding the resignation of Pratap Bhanu Mehta. In 2021, Subramanian joined the Watson Institute for International and Public Affairs at
Brown University Brown University is a private research university in Providence, Rhode Island. Brown is the seventh-oldest institution of higher education in the United States, founded in 1764 as the College in the English Colony of Rhode Island and Provide ...
as a Senior Fellow in International and Public Affairs.


Publications

Subramanian has authored essays and other publications on growth, trade, development, institutions, aid, oil, India, Africa, and the
World Trade Organization The World Trade Organization (WTO) is an intergovernmental organization that regulates and facilitates international trade. With effective cooperation in the United Nations System, governments use the organization to establish, revise, and e ...
(WTO). He has been widely published in academic and other journals (including the ''
American Economic Review The ''American Economic Review'' is a monthly peer-reviewed academic journal published by the American Economic Association. First published in 1911, it is considered one of the most prestigious and highly distinguished journals in the field of eco ...
'' (Papers and Proceedings), ''Review of Economics and Statistics'', ''
Journal of International Economics The ''Journal of International Economics'' is a peer-reviewed academic journal in the field of economics. The journal publishes articles on both theoretical and empirical aspects of international economics. Various topics covered include trade pat ...
'', ''
Journal of Monetary Economics The ''Journal of Monetary Economics'' is a peer-reviewed academic journal covering research on macroeconomics and monetary economics. It is published by Elsevier and was established in October 1973 by Karl Brunner and Charles I. Plosser. Beginn ...
'', ''
Journal of Public Economics The ''Journal of Public Economics'' is a monthly peer-reviewed academic journal covering public economics, with particular emphasis on the application of modern economic theory and methods of quantitative analysis. It provides a forum for discussi ...
'', ''
Journal of Economic Growth The ''Journal of Economic Growth'' is a peer-reviewed academic journal covering research in economic growth and dynamic macroeconomics. It was established in 1996 and is published by Springer Science+Business Media.Journal of Development Economics'', ''
Brookings Papers on Economic Activity The ''Brookings Papers on Economic Activity'' (''BPEA'') is a journal of macroeconomics published twice a year by the Brookings Institution Press. ">[1/nowiki>/sup>_Each_issue_of_the_journal_comprises_the_proceedings_of_a_conference_he_...
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'', ''Oxford Review of Economic Policy'', International Monetary Fund">''International Monetary Fund Staff Papers'', ''Foreign Affairs'', The World Economy (journal), ''World Economy'', and ''Economic and Political Weekly''.) He has also been cited in leading magazines and newspapers, including the Economist, ''Financial Times'', ''
The Washington Post ''The Washington Post'' (also known as the ''Post'' and, informally, ''WaPo'') is an American daily newspaper published in Washington, D.C. It is the most widely circulated newspaper within the Washington metropolitan area and has a large nati ...
'', ''
The New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid ...
'', ''
The Wall Street Journal ''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...
'', ''
Newsweek ''Newsweek'' is an American weekly online news magazine co-owned 50 percent each by Dev Pragad, its president and CEO, and Johnathan Davis, who has no operational role at ''Newsweek''. Founded as a weekly print magazine in 1933, it was widely ...
'', and ''
New York Review of Books New is an adjective referring to something recently made, discovered, or created. New or NEW may refer to: Music * New, singer of K-pop group The Boyz Albums and EPs * ''New'' (album), by Paul McCartney, 2013 * ''New'' (EP), by Regurgitator, ...
''. He contributes frequently to the ''Financial Times'' and is a columnist in India's leading financial daily, ''
Business Standard ''Business Standard'' is an Indian English-language daily edition newspaper published by Business Standard Private Limited, also available in Hindi. Founded in 1975, the newspaper covers the Indian economy, infrastructure, international busin ...
''.


Controversies

In March 2013, Subramanian, then a Senior Fellow at the Peterson Institute and CGD, appeared before
United States House Committee on Ways and Means The Committee on Ways and Means is the chief tax-writing committee of the United States House of Representatives. The committee has jurisdiction over all taxation, tariffs, and other revenue-raising measures, as well as a number of other progra ...
hearing on "US-India trade relations." During his testimony, Arvind Subramanian stated that "by discriminating against Indian companies and exporters, (US initiatives) will exert natural pressure on India to open up".


Personal life

Arvind Subramanian is married to Parul Subramanian and together they have three children. His elder brother is V S Krishnan who is a retired
Indian Revenue Service The Indian Revenue Service (IAST: ), often abbreviated as IRS, is an Indian government agency that is primarily responsible for collecting and administering direct and indirect taxes. As a central civil service under Group A of the executiv ...
Officer and a former Member of the
Central Board of Excise and Customs The Indian Revenue Service (IAST: ), often abbreviated as IRS, is an Indian government agency that is primarily responsible for collecting and administering direct and indirect taxes. As a central civil service under Group A of the executiv ...
(CBEC) and was a key player in piloting the Goods and Service Tax Bill. He is fond of both Indian and Western classical music, and owns a large collection of music Cassettes. He is interested in
tennis Tennis is a racket sport that is played either individually against a single opponent ( singles) or between two teams of two players each ( doubles). Each player uses a tennis racket that is strung with cord to strike a hollow rubber ball c ...
and
Arsenal FC Arsenal Football Club, commonly referred to as Arsenal, is a professional association football, football club based in London Borough of Islington, Islington, London, England. Arsenal plays in the Premier League, the top flight of English ...
.


References


External links


Peterson Institute website
* {{DEFAULTSORT:Subramanian, Arvind 1959 births Living people St. Stephen's College, Delhi alumni Indian Institute of Management Ahmedabad alumni Alumni of the University of Oxford Chief Economic Advisers to the Government of India Peterson Institute for International Economics 20th-century Indian economists 21st-century Indian economists Delhi University alumni American people of Indian descent