K V Subramanian on Friday stepped down as Chief Economic Adviser after a 3-year tenure. He said he has decided to return to academia.

       The government had appointed Subramanian, a ISB Hyderabad professor, as the CEA in December 2018. He had succeeded Arvind Subramanaian. In a statement, Subramanian thanked Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman for their support and inspiring leadership. "I have decided to return back to academia following the completion of my 3-year fulfilling tenure," he said.

       Subramanian holds an MBA and Doctor of Philosophy (PhD) in financial economics from University of Chicago Booth School of Business. His PhD was completed under the supervision of former RBI governor Raghuram Rajan. He is also an alumnus of the IIT, Kanpur where he studied electrical engineering, as well as Indian Institute of Management, Calcutta. "I have decided to return back to academia following the completion of my 3-year fulfilling tenure.

       Serving The nation has been an absolute privilege and I have wonderful support and encouragement," he said on Twitter.