V A Nageswaran appointed as chief economic advisor

The government on Friday appointed V Anantha Nageswaran as the new Chief Economic Advisor three days ahead of the Union Budget on February 1.

His appointment comes a month after his predecessor K Subramanian stepped down after completion of his three-year term.

The CEA, who usually is the chief architect of the Economic Survey, will have no say in this year's survey as he joins only a couple of days ahead of the document getting tabled in the Parliament.

Nageswaran is IIM-Ahmedabad graduate. He teaches international economics, exchange rates, and financial markets at leading B-Schools in Singapore as well as India. He also holds a doctoral degree from the University of Massachusetts in Amherst.

Nageswaran is also a former executive with Credit Suisse Group AG and Julius Baer Group.

Prior to his appointment, Nageswaran has also been a part-time member of the Economic Advisory Council to the Prime Minister of India from 2019 to 2021. In October, 2021, he was not included in the reconstituted council, an official statement said.

He has also worked as a dean of the IFMR Graduate School of Business and has been a visiting professor of Economics at Krea University.

Nageswaran is expected to help Finance Minister Nirmala Sitharaman steer the economy out of bruises suffered by the Covid pandemic.

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