KV Subramanian’s tenure as India’s executive director at the International Monetary Fund (IMF) has been cut short by six months, prior to completion of his three-year tenure, with the Appointments Committee of the Cabinet announcing his termination, according to Indian media sources on Saturday.
While the Indian government has not disclosed the reasons for Subramanian’s dismissal, sources noted that a replacement for his IMF board would be nominated soon.
They said the appointments committee’s order is effective from April 30.
The sources said Subramanian reportedly questioned the IMF’s statistics, which caused a stir among the multinational organisation’s high-ups.
The sources said there was also an “alleged impropriety” in the publicity and promotion of his most recent book, “India @ 100.”
Subramanian was appointed as the IMF executive director in India on November 1, 2022, for a tenure of three years. He was the government’s chief economic adviser before this.
The 25 directors (also known as executive directors or EDs) that make up the IMF’s executive board are chosen by the member nations or groups of countries.
India, Bangladesh, Sri Lanka, and Bhutan are all members of a four-country constituency.
