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Chief Economic Advisor to the Government of India

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India government post Not to be confused with Economic Advisory Council.
Chief Economic Advisor
मुख्य आर्थिक सलाहकार
Emblem of India
Incumbent
V Anantha Nageswaran
since 28 January 2022
ResidenceNorth Block, Secretariat Building, New Delhi
AppointerAppointments Committee of the Cabinet
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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

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

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.

List of CEAs

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 I. G. 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 Kaushik Basu 2009 2012
15 Raghuram Rajan 10 August 2012 4 September 2013
16 Arvind Subramanian Arvind Subrahmaniyam 16 October 2014 20 June 2018 Narendra Modi
17 Krishnamurthy Subramanian 7 December 2018 7 December 2021
18 V Anantha Nageswaran 28 January 2022 Incumbent

See also

References

  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.

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