The services of Dr. Krishnamurthy Subramanian as Executive Director (India) at the International Monetary Fund (IMF) have been terminated, according to a government notice.
As per a government order dated April 30, the Executive Director representing India at the International Monetary Fund (IMF) has been dismissed with immediate effect.
Subramanian, who previously served as India’s youngest Chief Economic Advisor from 2018 to 2022, assumed the role of Executive Director (India) at the IMF in November 2022. In this capacity, he represented India, Bangladesh, Sri Lanka, and Bhutan at the IMF.
A government notice regarding the decision stated, “The Appointments Committee of the Cabinet (ACC) has approved the termination of Dr. Krishnamurthy Subramanian as Executive Director (India) at the International Monetary Fund with immediate effect.”
His term as IMF Executive Director was scheduled to conclude in November 2025, upon completion of three years. No reason was provided by the government for the premature termination of his tenure.
The ACC, which made the decision, is chaired by Prime Minister Narendra Modi.
Dr. Krishnamurthy Subramanian, also known as KV Subramanian, was the 17th Chief Economic Advisor to the Indian government and the youngest individual to hold that position.
Setback for New Delhi as India’s IMF Executive Director is Dismissed
In a development that has raised eyebrows within diplomatic and financial circles, India has dismissed its Executive Director to the International Monetary Fund (IMF), Krishnamurthy Subramanian, just days before a critical IMF Board meeting scheduled for May 9.
The meeting is set to deliberate on potential new financing for Pakistan.
India is expected to oppose the proposal, though the IMF acts independently, making Indian opposition inconsequential.
The recall of Subramanian so close to this strategically significant vote has triggered speculation regarding the timing and the underlying political considerations.
The circumstances surrounding Subramanian’s departure have raised questions about the continuity of India’s representation at the IMF during a period marked by heightened regional tensions and global scrutiny.
