Here for a Year
Amid speculation that the NDA government would have to find a replacement for Arvind Subramanian as chief economic advisor, he has been granted a oneyear extension that will end in October 2018. The extension of his term comes at a time when the government is planning to boost the economy with a stimulus package. Economic growth declined to 5.7 per cent in the first quarter of 2017/18 raising concerns over the future course of the economy. In India, stimulus packages have historically come up short in achieving their desired goals. Subramanian, a Senior Fellow at the Peterson Institute for International Economics, has to ensure that the efforts are not in vain this time.
ARVIND SUBRAMANIAN Chief Economic Advisor