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India

V Anantha Nageswaran Appointed New Chief Economic Advisor

Nageswaran on Friday took over the office from his predecessor Krishnamurthy Subramanian.

V Anantha Nageswaran appointed the new Chief Economic Advisor to the Union Finance Ministry.

New Delhi: The Central government appointed Venkatraman Anantha Nageswaran as the new Chief Economic Advisor (CEA) to the Union Finance Ministry of India. Nageswaran on Friday took over the office from former CEA Krishnamurthy Subramanian who returned to academia in December. The move comes days before the 2021-22 Economic Survey is tabled in Parliament

“Prior to this appointment, Nageswaran has worked as a writer, author, teacher and consultant. He has taught at several business schools and institutes of management in India and in Singapore and has published extensively,” the Ministry of Finance said announcing his appointment.

Nageswaran was the Dean of the IFMR Graduate School of Business and a visiting Professor of Economics at Krea University. He has also been a part-time member of the Economic Advisory Council to the Prime Minister of India from 2019 to 2021, the ministry further said.

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He holds a Post-Graduate Diploma in Management from the Indian Institute of Management (IIM), Ahmedabad and a doctoral degree from the University of Massachusetts in Amherst.

His predecessor Subramanian had assumed office in December 2018 for three years after former CEA Arvind Subramanian stepped down following a four-year stint.

Chief Economic Advisor is normally responsible for drafting the Economic Survey. However, the 2021-22 Economic Survey which is scheduled to be tabled in the parliament on January 31, has been drafted by a team led by Principal Economic Advisor Sanjeev Sanyal.