Krishnamurthy V. Subramanian, former Chief Economic Adviser to India and Executive Director at the IMF, was unexpectedly recalled from his position six months before his term ended. The Indian government offered no official explanation for the decision.
Speculation points to two main reasons:
Subramanian cancelled a US conference appearance shortly before his dismissal, adding to the intrigue.
The timing of the removal is notable, occurring just days before a key IMF Board meeting where India planned to oppose funding for Pakistan due to terrorism concerns. This raises questions about the strategic implications of Subramanian's departure.
Such mid-term recalls are unusual for Indian IMF nominees. His predecessor completed his term, highlighting the unusual nature of Subramanian's dismissal. The Indian government is now seeking a replacement.