Chief Economic Advisor Arvind Subramanian has resigned from his post on Wednesday. In a Facebook post Arun Jaitley informed about Subramanian's decision to go back to the United States on account of family commitments.
Jaitley added that he had no option but to agree with Subramanian.
Arvind Subramanian took charge of the position on 16 October 2014 succeeding Raghuram Rajan. The post of CEA was lying vacant for over a year since Raghuram Rajan left the finance ministry to join the RBI as governor in September 2013.
Formerly an economist at the International Monetary Fund, Subramanian is a widely cited expert on the economics of India, China and the changing balance of global economic power.
He is also the author of two books, India's Turn: Understanding the Economic Transformation (published in 2008) and Eclipse: Living in the Shadow of China's Economic Dominance (published in September 2011).
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