Krishnamurthy Subramanian Removed Early as India’s Executive Director at IMF

Report By Safarti Tarjuman Business Desk

The Government of India has terminated the services of Krishnamurthy Subramanian as India’s Executive Director at the International Monetary Fund (IMF), effective April 30, 2025.

The decision, approved by the Appointments Committee of the Cabinet (ACC), comes six months before the scheduled end of Subramanian’s three-year term, which began on November 1, 2022.

According to official sources, the termination order was issued without specifying any reasons. However, reports indicate that the move follows internal disagreements related to IMF data handling and concerns over Subramanian promoting his recent book, India @ 100, during his tenure.

Following the termination, the IMF has listed the position of Executive Director for India’s constituency, which includes Bangladesh, Sri Lanka, and Bhutan, as vacant. The current Alternate Executive Director, Harischandra Pahath Kumbure Gedara, remains listed on the IMF board.

The decision comes just days before the IMF is set to hold a crucial meeting on May 9 to discuss a $1.3 billion loan to Pakistan for climate resilience. India has publicly opposed the package, citing national security concerns and links to terror financing.

Krishnamurthy Subramanian previously served as Chief Economic Adviser to the Government of India from 2018 to 2021. He holds a Ph.D. from the University of Chicago Booth School of Business and is recognized as an expert in economic policy, banking, and governance.