Chief Economic Advisor to the Government of India

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Chief Economic Advisor
मुख्य आर्थिक सलाहकार
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Emblem of India
Chief economic adviser Chief economic adviser.jpg
Chief economic adviser
since 28 January 2022
Residence North Block, Secretariat Building, New Delhi
Appointer Appointments Committee of the Cabinet [2]

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.

Contents

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. [3]

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.NoNamePortraitAssumed officeLeft officePrime Minister
1JJ Anjaria19561961 Jawaharlal Nehru
2 IG Patel I. G. Patel.jpg 19611964
19641966 Lal Bahadur Shastri
19661967 Indira Gandhi
3 V. K. Ramaswamy 19671969
4 Ashok Mitra 19701972
5 Manmohan Singh President Barack Obama walking with Prime Minister Manmohan Singh 2009-11-24 (cropped) (cropped).jpg 19721976
6R. M. Honavar19771979 Morarji Desai
Charan Singh
7 Bimal Jalan Bimal Jalan (cropped).jpg 19811984 Indira Gandhi
19841988 Rajiv Gandhi
8 Nitin Desai 19881988
19881989 V. P. Singh
9 Deepak Nayyar Deepak Nayyar at UNU-WIDER Annual Lecture, 2009.jpg 19891990
19901991 Chandra Shekhar
19911991 P. V. Narasimha Rao
10 Shankar Acharya 19931996
19961997 H. D. Deve Gowda
19971998 Inder Kumar Gujral
19982001 Atal Bihari Vajpayee
11 Rakesh Mohan 20012002
12 Ashok K Lahiri The Chief Economic Advisor, Ministry of Finance Dr Ashok Lahiri, addressing at the Plenary 4 How to get US $ 1.5 Trillion of Capital Investment The Resource Hurdle for Development at the 3rd day of the 5th Pravasi Bharatiya.jpg 20022004
20042007 Manmohan Singh
13 Arvind Virmani Chief Economic Advisor, Dr. Arvind Virmani, in New Delhi on December 16, 2008.jpg 20072009
14 Kaushik Basu Kaushik Basu - Festival Economia 2013.JPG 20092012
15 Raghuram Rajan Raghuram Rajan, IMF 69MS040421048l.jpg 10 August 2012 [4] 4 September 2013 [5]
16 Arvind Subramanian Arvind Subrahmaniyam.png 16 October 2014 [6] 20 June 2018 [7] Narendra Modi
17 Krishnamurthy Subramanian The Chief Economic Advisor, Dr. Krishnamurthy Subramanian at the National Conference on 'Economics of Competition Law', organised by the Competition Commission of India, in New Delhi on March 01, 2019. (cropped).JPG 7 December 2018 [8] 7 December 2021
18 V Anantha Nageswaran 28 January 2022 [9] Incumbent

See also

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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.