Chief Economic Adviser to the Government of India, Arvind Subramanian, whose three year tenure ends on 16 October has got an extension of one year, the Finance Ministry said on Saturday.
“CEA Dr. Arvind Subramanian will continue for one more year after completion of his 3 year tenure on 16th October, 2017,” the ministry tweeted.
His tenure will now end in October, 2018.
The US-based economist was appointed as the CEA in October 2014 by the newly elected Narendra Modi government that was facing the challenge of modest economic growth and inflation.
Soon after assuming charge, Subramanian had said that he would focus on growth, investment and creating opportunities for all segments of Indian society.
Subramanian is the third economist of international renown to have been appointed to the key post of chief economic advisor. His academic work has focused on trade and its effect on developing countries.