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Friday Nov 15, 2024
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Dr. Krishnamurthy V. Subramanian
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IMF Executive Director Dr. Krishnamurthy V. Subramanian will today speak on “Monetary Policy in a Changing World” at a public lecture organised by the Centre for Banking Studies (CBS) at 3:30 p.m. at the Atrium of the Central Bank of Sri Lanka, Janadhipathi Mawatha, Colombo-1.
India's former Chief Economic Advisor represents the country on the IMF Board as well as represents Bangladesh, Bhutan and Sri Lanka, along with another appointee from one of these countries.
Dr. 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, Prime Minister 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.
