Dr Krishnamurthy Subramaniam's services as executive director (India) for the IMF have been terminated as per a government notice.
The executive director for India at the International Monetary Fund (IMF) has been fired with immediate effect, as per a government order dated April 30.
Subramaniam, who was the country's youngest Chief Economic Advisor from 2018 to 2022, joined as the Executive Director (India) at the IMF in November, 2022. Under this role, he represented India, Bangladesh, Sri Lanka, and Bhutan at the IMF.
A government notice on the matter said, “The Appointment Committee of the Cabinet (ACC) has approved termination of Dr Krishnamurthy Subramanian as Executive Director (India) at the International Monetary Fund with immediate effect.”
His term as the IMF executive director would have ended in November, 2025, after he completed three years. No reason was furnished for his term being cut short by the government.
The ACC, which took the decision is headed by Prime Minister Narendra Modi.
Dr Krishnamurthy Subramaniam also known as KV Subramaniam, was the 17th Chief Economic Advisor for the Indian government, and also the youngest to take on the role.
Setback for New Delhi as India’s IMF executive director fired
In a development raising eyebrows in diplomatic and financial circles, India has fired its Executive Director to the International Monetary Fund (IMF), Krishnamurthy Subramanian, just days before a key IMF Board meeting on May 9.
The meeting is set to deliberate on potential new financing for Pakistan.
India is expected to oppose the proposal that would not leading to anywhere as IMF acts independently.
The recall of Subramanian so close to the strategically significant vote has sparked speculation over the timing and underlying political calculations.
The circumstances surrounding Subramanian’s exit have raised questions about continuity in India’s representation at the IMF during a period of heightened regional tension and global scrutiny.
