Chief Economic Advisor to the Government of India

India government post

Not to be confused with Economic Advisory Council.

Chief Economic Advisor

मुख्य आर्थिक सलाहकार

Emblem of India

Incumbent
V Anantha Nageswaran[1]

since 28 January 2022

Residence| North Block, Secretariat Building, New Delhi
Appointer| Appointments Committee of the Cabinet[2]
This article is part of a series on the

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The Chief Economic Adviser to the Government of India (CEA) advises the government on economic matters and is responsible for the preparation of the Economic survey of India tabled in Parliament before the Union budget of India is presented. The CEA holds the rank of a Secretary to the Government of India.

The CEA is the ex-officio cadre-controlling authority of the Indian Economic Service. The CEA is head of Economic Division of the Department of Economic Affairs, Ministry of Finance, Government of India. Until 2009, the CEA’s position was a Union Public Service Commission appointment and until the 1970s almost all CEAs were members of the Indian Economic Service.

One CEA, Manmohan Singh went on to become the Prime Minister of India. Four CEAs have gone on to become the Governor of the Reserve Bank of India \- I. G. Patel, Manmohan Singh, Bimal Jalan and Raghuram Rajan, and one (Rakesh Mohan) became the Deputy Governor of the RBI.

## History

[edit]

Until 2009, the post of Chief Economic Advisor to the Government of India was a Union Public Service Commission appointment and until the 1970s almost all CEAs were members of the Indian Economic Service.

## Role of the CEA

[edit]

The extent to which the Government takes into account the advice of the Chief Economic Adviser has generally been considered to be open-ended.

In his 2018 book titled Of Counsel: The Challenges of the Modi-Jaitley Economy, former CEA Arvind Subramanian stated that the job of the CEA carried no executive responsibility. According to him, the only clearly defined job of the CEA was to produce the Economic Survey of India preceding the Union Budget.[3]

## List of CEAs

[edit]

Below is a list of Chief Economic Advisers that have been appointed by the Government of India since Independence in 1947.

S.No  | Name  | Portrait  | Assumed office  | Left office  | Prime Minister

|
|
|
|
|

1  | JJ Anjaria  |  | 1956  | 1961  | Jawaharlal Nehru
2  | IG Patel |  | 1961  | 1964
1964  | 1966  | Lal Bahadur Shastri
1966  | 1967  | Indira Gandhi
3  | V. K. Ramaswamy |  | 1967  | 1969
4  | Ashok Mitra |  | 1970  | 1972
5  | Manmohan Singh |  | 1972  | 1976
6  | R. M. Honavar  |  | 1977  | 1979  | Morarji Desai
Charan Singh
7  | Bimal Jalan |  | 1981  | 1984  | Indira Gandhi
1984  | 1988  | Rajiv Gandhi
8  | Nitin Desai |  | 1988  | 1988
1988  | 1989  | V. P. Singh
9  | Deepak Nayyar |  | 1989  | 1990
1990  | 1991  | Chandra Shekhar
1991  | 1991  | P. V. Narasimha Rao
10  | Shankar Acharya |  | 1993  | 1996
1996  | 1997  | H. D. Deve Gowda
1997  | 1998  | Inder Kumar Gujral
1998  | 2001  | Atal Bihari Vajpayee
11  | Rakesh Mohan |  | 2001  | 2002
12  | Ashok K Lahiri |  | 2002  | 2004
2004  | 2007  | Manmohan Singh
13  | Arvind Virmani |  | 2007  | 2009
14  | Kaushik Basu |  | 2009  | 2012
15  | Raghuram Rajan |  | 10 August 2012[4] | 4 September 2013[5]
16  | Arvind Subramanian |  | 16 October 2014[6] | 20 June 2018[7] | Narendra Modi
17  | Krishnamurthy Subramanian |  | 7 December 2018[8] | 7 December 2021
18  | V Anantha Nageswaran |  | 28 January 2022[9] | Incumbent

## See also

[edit]

* List of office-holders in India
* Principal Scientific Adviser to the Government of India

## References

[edit]

1. ^ "V A Nageswaran appointed as chief economic advisor". Deccan Herald. 28 January 2022.
2. ^ "Exclusive: Government to soon set up search panel for next CEA". 13 October 2021.
3. ^ Rajaraman, Indira (2019-04-04). "Opinion | When it makes sense to consult India's chief economic adviser". Livemint. Retrieved 2019-07-30.
4. ^ "Diesel price decontrol is 'best', says Raghuram Rajan". The Hindu Businessline. 25 September 2012. Retrieved 2019-07-30.
5. ^ "Raghuram Rajan appointed next RBI Governor". The Hindu. PTI. 2013-08-06. ISSN 0971-751X. Retrieved 2019-07-30.
6. ^ Mishra, Asit Ranjan (2014-10-16). "Arvind Subramanian is India's new chief economic adviser". Livemint. Retrieved 2019-07-30.
7. ^ "Chief Economic Advisor Arvind Subramanian resigns due to personal reasons, will move to US". The Economic Times. 2018-06-20. Retrieved 2018-06-20.
8. ^ "ISB professor Krishnamurthy Subramanian appointed as new Chief Economic Adviser". The Indian Express. 2018-12-07. Retrieved 2018-12-07.
9. ^ "Govt appoints Dr V Anantha Nageswaran as Chief Economic Advisor". The Indian Express. 2022-01-29. Retrieved 2022-01-29.

## External links

[edit]

* Official website
* Media related to Chief Economic Adviser to the Government of India at Wikimedia Commons

* v
* t
* e

Ministry of Finance (India)

Departments|

| Economic Affairs|

* Economic Division: Economic Survey

* Budget Division: Union budget

Expenditure|

* Pay Commission
* 7th Central Pay Commission (CPC) and Defence Forces
* Sixth Central Pay Commission

Revenue|

* Income Tax Department
* Central Board of Indirect Taxes and Customs

Financial Services|

* Pradhan Mantri Jan Dhan Yojana

DIPAM|

* Disinvestment in India
* Disinvestment of Public Sector Units in India

DPE|

* Efficient monitoring of the capital expenditure
* Asset monetisation and financial health of the Central Public Sector Enterprises (CPSEs)

Secretaries|

| Economic Affairs|

* Rajiv Mehrishi
* Shaktikanta Das
* Subhash Chandra Garg
* Atanu Chakraborty (incumbent)

|

Revenue|

* Shaktikanta Das
* Ajay Bhushan Pandey
* Hasmukh Adhia (incumbent)

Finance|

* Ratan P. Watal
* Ashok Lavasa
* Hasmukh Adhia
* Ajay Narayan Jha
* Rajiv Kumar (incumbent)

Finance Ministers|

* R. K. Shanmukham Chetty
* John Mathai
* C. D. Deshmukh
* T. T. Krishnamachari
* Jawaharlal Nehru
* Morarji Desai
* Sachindra Chaudhuri
* Indira Gandhi
* Yashwantrao Chavan
* Chidambaram Subramaniam
* Hirubhai M. Patel
* Charan Singh
* Hemwati Nandan Bahuguna
* R. Venkataraman
* Pranab Mukherjee
* Vishwanath Pratap Singh
* Rajiv Gandhi
* N. D. Tiwari
* Shankarrao Chavan
* Madhu Dandavate
* Yashwant Sinha
* Manmohan Singh
* Jaswant Singh
* P. Chidambaram
* I. K. Gujral
* Arun Jaitley
* Piyush Goyal
* Nirmala Sitharaman (incumbent)

Ministers of State
for Finance|

* Nirmala Sitharaman
* Jayant Sinha
* Arjun Ram Meghwal
* Pon Radhakrishnan
* Anurag Thakur
* Bhagwat Karad (incumbent)
* Pankaj Chaudhary (incumbent)

Chief Economic
Advisor|

* JJ Anjaria
* IG Patel
* IG Patel
* VK Ramaswamy
* Ashok Mitra
* Manmohan Singh
* RM Honavar
* Bimal Jalan
* Nitin Desai
* Deepak Nayyar
* Shankar Acharya
* Rakesh Mohan
* Ashok K Lahiri
* Arvind Virmani
* Kaushik Basu
* Raghuram Rajan
* Arvind Subramanian
* Krishnamurthy Subramanian
* V. Anantha Nageswaran (incumbent)

Finance Commissions|

* 1st
* 2nd
* 3rd
* 4th
* 5th
* 6th
* 7th
* 8th
* 9th
* 10th
* 11th
* 12th
* 13th
* 14th
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