4 min read.Updated: 24 Dec 2021, 12:44 AM ISTAshok V. Desai
Speculation points to a search not for the best economist as chief economic advisor but one who could best fit the Centre’s bill
The resignation of Arvind Subramanian in 2018 as chief economic advisor (CEA) was not a surprise. Whilst CEA, he had coordinated the preparation of a superb set of economic surveys; for the rest of the year, he would fly all over India giving excellent lectures. His advice to then finance minister Arun Jaitley must have been equally good; but Jaitley’s budgets showed no sign of it. As Arvind wrote later, he used to barge into Jaitley’s room from time to time and give him relevant economic advice; Jaitley listened with his characteristic courtesy, and forgot it the moment Arvind left the room.