If confirmed, the appointment would bring in a second economist of international renown to a key policy post following the naming of former International Monetary Fund chief economist Raghuram Rajan as central bank chief last year.
Financial Express reported that Subramanian's name has been cleared by finance minister Arun Jaitley. It has been "sent to the appointments committee of the Cabinet (ACC) which comprises Prime Minister Narendra Modi and home minister Rajnath Singh, said officials. While there is no clarity when the ACC will give its nod, the officials said the final decision should be within a month. If appointed, Subramanian's term as CEA, and also the head of the Indian Economic Service, will likely be for three years."
A quick search on the internet reveals that he is the Dennis Weatherstone Senior Fellow at the Peterson Institute for International Economics and senior fellow at the Center for Global Development. Foreign Policy magazine has named him as one of the world's top 100 global thinkers in 2011. He was assistant director in the Research Department of the International Monetary Fund.