Chief Economic Advisor Arvind Subramanian will be leaving the finance ministry because of “pressing family commitments” and will return to the US, Union Minister Arun Jaitley said. Writing on Twitter, Subramanian said he will be returning to research and writing and decision is driven by personal reasons.
Subramanian was appointed as CEA to the finance ministry on October 16, 2014 for a period of three years. His term, which saw implementation of the demonetisation and the GST, was extended for an year last year.
“Few days ago Chief Economic Advisor Arvind Subramanian met me over video conferencing. He informed me that he would like to go back to the United States on account of pressing family commitments. His reasons were personal but extremely important for him. He left me with no option but to agree with him,” Arun Jaitley wrote in a Facebook post.
Thanking Arun Jaitley, Subramanian said his tenure as CEA was “rewarding, fulfilling and exciting”.
“Profoundly grateful & humbled by these extraordinarily generous words by Minister @arunjaitley announcing my decision to return-for personal reasons-to researching & writing. CEA job most rewarding, fulfilling, exciting I have ever had. Many many to thank,” Arvind Subramanian shared on his twitter handle @arvindsubraman.
In his Facebook post, Arun Jaitley further said that on expiry of Subramanian’s three year term in October last year, he had requested him to continue for some more time.
“Even at that stage he told me that he was torn between family commitment and his current job which he considered the best and most fulfilling he has ever done,” Jaitley wrote of Subramanian in his post.
Jaitley, who is currently recovering after undergoing kidney transplant surgery in mid-May, also thanked Subramanian for his contribution to macro economic management of Indian economy.
“Personally I will miss his dynamism, energy, intellectual ability and ideas. He would walk into my room – at times several times a day, addressing me as Minister to give either the good news or otherwise,” he said.
59-year-old was a senior Fellow at the Peterson Institute for International Economics when he joined as the Chief Economic Adviser on October 16, 2014, months after NDA was voted to power.
“Needless to say his departure will be missed by me. But I know that his heart is very much here. I am sure he will keep sending advice and analysis wherever he is,” Jaitley wrote.
(With inputs from PTI)