India’s Chief Economic Advisor quits, says ‘have decided to return back to academia’


India’s Chief Economic Advisor KV Subramanian has stepped down from his post saying that he would return ‘back to academia.’

Subramanian issued a statement on Twitter with a tweet that read, “I have decided to return back to academia following the completion of my 3-year fulfilling tenure. Serving The Nation has been an absolute privilege and I have wonderful support and encouragement.”

Subramanian said in his statement, “To get an opportunity to serve one’s nation is an absolute privilege. Each day that I have walked into North Block I have reminded myself of this privilege while endeavouring my best to do justice to the responsibility that comes with the privilege.”

Subramanian had earlier on Friday had applauded Tata Sons for winning the bid to acquire Air India. He had said, “Wonderful news!!! This is big because it corrects a 68-year old folly. India’s economic policy comes full circle!!!”

Reacting to the news of Subramanian’s stepping down, Prime Minister Narendra Modi tweeted, “Its been a delight to work with @SubramanianKri. His academic brilliance, unique perspectives on key economic as well as policy matters and reformist zeal are noteworthy. Wishing him the very best for his coming endeavours.”