The Government of India has announced the termination of Dr Krishnamurthy Subramanian’s services as Executive Director (India) at the International Monetary Fund with immediate effect.
“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,” the ACC’s order, dated April 30 said.
Notably, Subramanian, who served as India’s Chief Economic Adviser from 2018 to 2021, has stepped down from his position with six months still left in his three-year term. Nominated by the government in August 2022, he took charge as IMF Executive Director on November 1, 2022.
According to the IMF’s official website, Krishnamurthy Subramanian was listed as Executive Director until May 2. From May 3, the role of the constituency representing India, Bangladesh, Bhutan and Sri Lanka has been marked “vacant”.
Subramanian’s exit comes just days before the IMF Executive Board meeting on May 9, which will review funding arrangements for Pakistan. India is likely to oppose additional financial assistance to Pakistan at the meeting, citing concerns over terror financing. This comes amid rising tensions between India and Pakistan after the April 22 Pahalgam terror attack.
Subramanian’s predecessor, economist Surjit Bhalla, served as India’s Executive Director at the IMF starting in November 2019 and was re-elected in 2020 for a second two-year term.
Published On:
May 3, 2025