Chief Economic Advisor to the Government of India


The Chief Economic Adviser to the Government of India 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 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

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.NoNamePortraitAssumed officeLeft officePrime Minister
1JJ Anjaria19561961Jawaharlal Nehru
2IG Patel19611964Jawaharlal Nehru
2IG Patel19641966Lal Bahadur Shastri
2IG Patel19661967Indira Gandhi
3V. K. Ramaswamy19671969Indira Gandhi
4Ashok Mitra19701972Indira Gandhi
5Manmohan Singh19721976Indira Gandhi
6R. M. Honavar19771979Morarji Desai
6R. M. Honavar19771979Charan Singh
7Bimal Jalan19811984Indira Gandhi
7Bimal Jalan19841988Rajiv Gandhi
8Nitin Desai19881988Rajiv Gandhi
8Nitin Desai19881989V. P. Singh
9Deepak Nayyar19891990V. P. Singh
9Deepak Nayyar19901991Chandra Shekhar
9Deepak Nayyar19911991P. V. Narasimha Rao
10Shankar Acharya19931996P. V. Narasimha Rao
10Shankar Acharya19961997H. D. Deve Gowda
10Shankar Acharya19971998Inder Kumar Gujral
10Shankar Acharya19982001Atal Bihari Vajpayee
11Rakesh Mohan20012002Atal Bihari Vajpayee
12Ashok K Lahiri20022004Atal Bihari Vajpayee
12Ashok K Lahiri20042007Manmohan Singh
13Arvind Virmani20072009Manmohan Singh
14Kaushik Basu20092012Manmohan Singh
15Raghuram Rajan10 August 20124 September 2013Manmohan Singh
16Arvind Subramanian16 October 201420 June 2018Narendra Modi
17Krishnamurthy Subramanian7 December 20187 December 2021Narendra Modi
18V Anantha Nageswaran28 January 2022IncumbentNarendra Modi