Dr K Subramanian

Dr Krishnamurthy Subramanian is the Chief Economic Adviser to the Govt of India. A PhD from Chicago-Booth and a top-ranking IIT-IIM alumnus, he is the author of the path-breaking Economic Survey commending Ethical Wealth Creation. By combining India’s rich economic and spiritual heritage with modern economics, the Survey advocates ethical wealth creation by combining the invisible hand of the market with the hand of trust. In a country wedded with socialistic ideas, the Survey has been talked about as a path-breaking departure in policy thinking in India. His idea of Thalinomics – what a common person pays for a vegetarian or non-vegetarian thali – in the January Economic Survey has been hailed as the Indian Big Mac Index. The behavioural economics of Nudge, which he authored in the July 2019 Economic Survey, has also been hailed as a key departure in policy thinking as it combines India’s rich tapestry of social and cultural norms with economic incentives to positively influence human behaviour. He is part of the core Finance Ministry team in the Central Government assessing the impact of Covid-19 on the Indian economy and putting forth the vision of Self-Reliant India or Atmanirbhar Bharat through the fiscal relief and stimulus packages. The slew of reforms in the stimulus package draws on several ideas from the last two Economic Surveys.

This entry was posted in . Bookmark the permalink.