KV Subramanian steps down as Centre's chief economic adviser

"I have decided to return back to academia following the completion of my 3-year fulfilling tenure as the Chief Economic Adviser, Government of India," he said in a statement.

Subramanian had assumed office on December 7, 2018, almost five months after Arvind Subramanian had left the role.

In his statement, he also thanked Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman for the opportunity provided to him.

"In close to three decades of my professional life, I am yet to encounter a more inspiring leader than Prime Minister Narendra Modi. His intuitive understanding of economic policy combines with an unmistakable determination to use the same to elevate the lives of common citizens," he said.

Currently, the post of CEA is vacant as the government is yet to make an appointment for the role.

The outgoing CEA is also a professor at the Indian School of Business (ISB) and was also awarded "Professor of the Year" by ISB in 2019.

He has been part of the expert committees for Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI) and also had brief stints in top corporates including JPMorgan Chase, ICICI Bank and Tata Consultancy Services.

Subramanian also has also served as a faculty in the finance department of Goizueta Business School at Emory University in the United States.