Arvind Subramanian appointed India's new CEA

Soon after the appointment of Rajasthan cadre IAS officer Rajiv Mehrishi as the finance secretary, Arvind Subramanian, Senior Fellow at the Peterson Institute for International Economics, has been appointed as India’s new Chief Economic Advisor.
The Appointments Committee of the Cabinet has approved the appointment of Subramanian as Chief Economic Adviser for a period of 3 years on contract basis, in the pay scale of Rs 80,000 (fixed) from the date of appointment or till superannuation, whichever is earlier, said an official release.
A former economist with the International Monetary Fund, Subramanian is currently the Dennis Weatherstone Senior Fellow at the Peterson Institute for International Economics and Senior Fellow at the Centre for Global Development.
“For any economy like India, the two big things are macro-economic stability and of course creating conditions for rapid investment and growth,” Subramanian said here yesterday evening, after taking charge.
The post of CEA has been lying vacant since Raghuram Rajan was appointed as the RBI Governor over a year ago.
As the CEA, Subramanian will be responsible for the Economic Survey as well as medium to long term planning of economic policies.
Foreign Policy magazine named him as one of the world`s top 100 global thinkers in 2011. In 2011, India Today magazine named him one of the top 30 Masters of the Mind in India over the last thirty years.
He has written on India, growth, trade, development, institutions, aid, climate change, oil, intellectual property, the WTO, China, and Africa.
He has published widely in academic and other journals, including the American Economic Review (Papers and Proceedings), Review of Economics and Statistics, Journal of International Economics, Journal of Monetary Economics, Journal of Public Economics, Journal of Economic Growth, Journal of Development Economics, Brookings Papers on Economic Activity, Oxford Review of Economic Policy, International Monetary Fund Staff Papers, Foreign Affairs, World Economy, and Economic and Political Weekly.
He has advised the Indian government in different capacities, including as a member of the Finance Minister’s Expert Group on the G-20 and has authored a book India’s Turn: Understanding the Economic Transformation published in 2008 by Oxford University Press.
He obtained his undergraduate degree from St Stephens College, Delhi; his MBA from the Indian Institute of Management at Ahmedabad, India; and his M Phil and D Phil from the University of Oxford, UK.
Another book Eclipse: Living in the Shadow of China’s Economic Dominance was published in September 2011, and he is the co-author of Who Needs to Open the Capital Account? (2012).
He was assistant director in the Research Department of the International Monetary Fund. He served at the GATT (1988–92) during the Uruguay Round of trade negotiations and taught at Harvard University’s Kennedy School of Government (1999–2000) and at Johns Hopkins’ School for Advanced International Studies (2008–10).