Arvind Subramanian has stepped down as the Chief Economic Adviser on account of “pressing family commitments”.
Union Minister Arun Jaitley announced the news on Facebook.
— Arun Jaitley (@arunjaitley) June 20, 2018
“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,” Jaitley said.
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:https://t.co/kwsRqDrMTB
— arvind subramanian (@arvindsubraman) June 20, 2018
Jaitley 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. 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.
The Congress has reacted to Arvind Subramanian’s resignation. The party’s Communications in- charge Randeep Singh Surjewala tweeted
‘Financial Experts’ of Modi Govt are completely fed up by its Colossal Economic Mismanagement, Tepid Economic Reforms & Financial Anarchy.
CEA, Arvind Subramanian’s resignation after the stepping down of Niti Aayog’s Arvind Panagriya & RBI Gov Raghuram Rajan comes as no suprise!
— Randeep Singh Surjewala (@rssurjewala) June 20, 2018