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Arvind Subramanian may be named chief economic adviser to Modi govt

India TV Business Desk 22 Aug 2014, 12:00:41 PM IST
India TV Business Desk
New Delhi: US-based economist Arvind Subramanian is set to be named as chief economic adviser to Prime Minister Narendra Modi's government.

Subramanian's name has been cleared by finance minister Arun Jaitley and has been sent to the appointments committee of the Cabinet (ACC) which comprises Prime Minister Narendra Modi and home minister Rajnath Singh, said officials.

The final decision on his appointment will come within two months time. If appointed, Subramanian's term as CEA, and also the head of the Indian Economic Service, will likely be for three years.

Subramanian was earlier an assistant director in the research department of the International Monetary Fund.

He is a Dennis Weatherstone Senior Fellow at the Peterson Institute for International Economics and senior fellow at the Center for Global Development, both in Washington DC.