Chief Economic Advisor to the Government of India

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Created by Lakhan Singh Bhargav
Last edited July 28, 2021

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The Chief Economic Adviser (CEA) is a post in Government of India and is equivalent to rank of 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.

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.[1]

List of CEAs

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

No Name Portrait Term of office Prime Minister
1 JJ Anjaria 1956 1961 Jawaharlal Nehru
2 IG Patel I._G._Patel 1961 1963 Jawaharlal Nehru
IG Patel I._G._Patel 1965 1967 Jawaharlal Nehru
3 VK Ramaswamy 1967 1969 Indira Gandhi
4 Ashok Mitra 1970 1972 Indira Gandhi
5 Manmohan Singh File:President Barack Obama walking with Prime Minister Manmohan Singh 2009-11-24 (cropped) (cropped).jpg 1972 1976 Indira Gandhi
6 RM Honavar 1977 1980 Indira Gandhi
7 Bimal Jalan File:Bimal Jalan (cropped).jpg 1981 1988
8 Nitin Desai 1988 1990
9 Deepak Nayyar File:Deepak Nayyar at UNU-WIDER Annual Lecture, 2009.jpg 1990 1991
10 Shankar Acharya 1993 2001
11 Rakesh Mohan 2001 2002 Atal Bihari Vajpayee
12 Ashok K Lahiri 2002 2007
13 Arvind Virmani File:Chief Economic Advisor, Dr. Arvind Virmani, in New Delhi on December 16, 2008.jpg 2007 2009 Manmohan Singh
14 Kaushik Basu Kaushik Basu 2009 2012 Manmohan Singh
15 Raghuram Rajan File:Raghuram Rajan, IMF 69MS040421048l.jpg 10 August 2012[2] 4 September 2013[3] Manmohan Singh
16 Arvind Subramanian Arvind Subrahmaniyam 16 October 2014[4] 20 June 2018[5] Narendra Modi
17 Krishnamurthy Subramanian File: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[6] Incumbent Narendra Modi

See also

References

  1. ↑ Opinion | When it makes sense to consult India’s chief economic adviser, Rajaraman, Indira. Livemint(2019-04-04). Retrieved 2019-07-30.
  2. ↑ Diesel price decontrol is ‘best’, says Raghuram Rajan. The Hindu Businessline. Retrieved 2019-07-30.
  3. ↑ Raghuram Rajan appointed next RBI Governor. The Hindu(2013-08-06). Retrieved 2019-07-30.
  4. ↑ Arvind Subramanian is India’s new chief economic adviser, Mishra, Asit Ranjan. Livemint(2014-10-16). Retrieved 2019-07-30.
  5. ↑ Chief Economic Advisor Arvind Subramanian resigns due to personal reasons, will move to US. The Economic Times(2018-06-20). Retrieved 2018-06-20.
  6. ↑ ISB professor Krishnamurthy Subramanian appointed as new Chief Economic Adviser. The Indian Express(2018-12-07). Retrieved 2018-12-07.

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