Quick Take | How Krishnamurthy Subramanian, the new chief economic advisor, views the world
9 Dec 2018 10:50 PM GMT
We have to turn to Subramanian?s columns to glean clues about his macro-economic thinking
- Much has been made of the support given to demonetisation by Krishnamurthy Subramanian, the government’s new Chief Economic Advisor.
- He had disparaging things to say about the policies of the Gandhi dynasty, just before the elections to the Uttar Pradesh state assembly.
- For instance, he castigated the move to remove former Reserve Bank of India Governor Raghuram Rajan, who had been his teacher; saying we don’t treat our heroes well.
- He has been critical of the non-implementation of several of the recommendations of the PJ Nayak committee on the reform of bank boards, of which he was a member, and has consistently warned that the failure to adequately capitalise public sector banks would hurt the economy.
- The new CEA’s academic work has been mostly in the areas of corporate governance, finance, banking reform, and on the determinants of innovation, rather than in macro-economics.
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