Chief Economic Advisor to the Government of India

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]

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. ^[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.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

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

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.

External links

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