Krishnamurthy Subramanian

Dr. Krishnamurthy V Subramanian is a Professor at the Indian School of Business. As the youngest Chief Economic Advisor to the Government of India from 2018 to 2021, Dr. Subramanian instituted policy that led to India emerging from the once-in-a-century Covid crisis with strong macroeconomic fundamentals, unlike the previous crisis when India joined the “Fragile Five” economies. Acknowledging Dr. Subramanian’s contributions, the Hon’ble Prime Minister Shri. Narendra Modi noted his “academic brilliance, unique perspectives on economic and policy matters, and reformatory zeal.”

Dr. Subramanian authored path-breaking Economic Surveys on Ethical Wealth Creation for a prosperous India (2019-20), the Strategic Blueprint for India to become a $5 trillion economy (2018-19), and the post-Covid economy using public capital expenditures in infrastructure and healthcare to further counter-cyclical fiscal policy (2020-21). India’s economic policy toward a self-reliant India and the concomitant reforms draw on the ideas he advocated in these Surveys. His ideas of the use of Behavioural Economics and Thalinomics captured the public imagination.

Dr Subramanian has been conferred the Distinguished Alumnus award by his alma maters IIT-Kanpur and IIM-Calcutta. A PhD from University of Chicago, Prof. Subramanian’s research in banking, law and finance, innovation and economic growth, and corporate governance has been published in the world's leading journals.

Experience

Academic

• 2019 - Present: Professor, Indian School of Business
• 2017 - 2019: Associate Professor & Executive Director, Centre For Analytical Finance, Indian School of Business
• 2015 - 2017: Associate Professor, Indian School of Business
• 2015 - 2015: Visiting Associate Professor of Finance, Kellogg School, Northwestern Univ, USA
• 2010 - 2015: Assistant Professor, Indian School of Business
• 2009 - 2010: Visiting Scholar, Indian School of Business
• 2005 - 2010: Assistant Professor, Emory University, Goizueta Business School

Professional

• 2017 - Present: Director, RBI Academy
• 2015 - 2018: Director, National Institute of Bank Management (NIBM)
• 2015 - 2018: Independent Director, Bandhan Bank
• 2004 - 2005: Consultant, J P Morgan Chase Inc., Interest Rate Derivatives Desk, New York
• 2000 - 2001: Executive Assistant to Chairman, Fixed Income Money Markets & Derivatives Association (FIMMDA), Mumbai
• 1999 - 2000: Manager, Derivatives Research, ICICI Bank Ltd., Mumbai (India)
• 1999 - 1999: Associate, ICICI Ventures Ltd., Mumbai (India)

Government

• 2018 - 2021: Chief Economic Adviser, Government of India
• 2017 - 2018: Chair, Risk Management Group on Inter-operability among Exchanges, SEBI
• 2017 - 2018: Member, Standing Committee on Secondary Markets headed by Prof. J R Verma, SEBI
• 2017 - 2018: Member, Uday Kotak Committee on Corporate Governance, SEBI
• 2016 - 2018: Member - Alternative Investments Policy Advisory Committee (AIPAC) headed by Narayanmurthy, Securities and Exchange Board of India
• 2017 - 2018: Member, Standing Committee on Primary Markets headed by Mohandas Pai, SEBI
• 2015 - 2015: Contributor to Chapter 5, Vol. 1 of The economic survey of India, Ministry of Finance
• 2014 - 2014: Member & Director of Research, P J Nayak Committee on Governance of Bank Boards, The Reserve Bank of India