Finance minister Arun Jaitley took to Facebook to announce that Subramanian had resigned due to personal reasons.

After a tenure of 4 years Arvind Subramanian resigns as Chief Economic Advisor
news Government Wednesday, June 20, 2018 - 18:04

On Wednesday, Chief Economic Advisor Arvind Subramanian announced his decision to step down from the post due to ‘pressing family commitments.’

Finance Minister Arun Jaitley posted a note on Facebook titled ‘Thank You Arvind,’ stating that Subramaniam had resigned from his post of Chief Economic Advisor, via a video conference, and was planning to shift to the United States for personal reasons.

“Arvind’s interaction with the Government in the Ministry of Finance, Prime Minister’s Office and with other Departments was both formal and informal. His instantaneous communications with his interlocutors had increased his effectiveness. The Chief Economic Advisor’s job had multi-facets to it. He is not a spokesman of the Government. He is an Advisor who has to analyse and thinks several steps ahead. It is a unique responsibility with freedom to the work that he enjoys. Arvind functioned within these parameters and concentrated on the challenges to the economy,” wrote Jaitley, Personally I will miss his dynamism, energy, intellectual ability and ideas. He would walk into my room – at times several times a day, addressing me as “Minister” to give either the good news or otherwise. Needless to say his departure will be missed by me.  But I know that his heart is very much here,” Arun Jaitley said.

Arvind Subramanian took up the post of Chief Economic Advisor on October 16, 2014, after Raghuram Rajan left the post to join the Reserve Bank as Governor in September 2013.

He was tenured for 3 years, at the end of which, in 2017, it was extended by another year.

In response to Jaitley’s post, Subramanian tweeted thanking him for his words.

“Profoundly grateful and humbled by these extraordinarily generous words by Minister Arun Jaitley announcing my decision to return-for personal reasons-to researching and writing. CEA job most rewarding, fulfilling, exciting I have ever had," read his tweet.

He also shared a statement on the social media platform about leaving the post.

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