Chief Economic Adviser quits

Chief economic adviser Arvind Subramanian will return to the United States owing to family commitments, Union minister Arun Jaitley has announced in a Facebook post.

Subramanian’s three-year term expired last October. He was keen to return to the US last year itself but was persuaded to stay on till May 2019. But “compelling” personal reasons have now made him opt for an early departure. “My departure from this job is for entirely personal reasons. It is no secret that we are expecting our first grandchild in early September. That’s a very compelling reason that takes us back to the old life... of researching, writing, teaching and reflecting, above all,” Subramanian said at a press conference on Wednesday.

He follows former Niti Aayog vice chairman Arvind Panagariya and former RBI governor Raghuram Rajan, who returned to academia in the US.

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