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DAILY NEWS ANALYSIS

  • 29 January, 2022

  • 5 Min Read

Dr V Anantha Nageswaran: New Chief Economic Advisor

About Chief Economic Advisor

  • 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 head of Economic Division of the Department of Economic Affairs, Ministry of Finance, Government of India.
  • The CEA is the ex-officio cadre controlling authority of the Indian Economic Service.
  • 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 a Chief Economic Advisor (CEA)

  • 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.

About Dr. V. Anantha Nageswaran

  • The Government has appointed Dr V. Anantha Nageswaran as the Chief Economic Advisor and today, he has assumed charge.
  • Prior to this appointment, Dr. Nageswaran has worked as a writer, author, teacher and consultant. He has taught at several business schools and institutes of management in India and in Singapore and has published extensively.
  • He was the Dean of the IFMR Graduate School of Business and a distinguished Visiting Professor of Economics at Krea University.
  • He has also been a part-time member of the Economic Advisory Council to the Prime Minister of India from 2019 to 2021. He holds a Post-Graduate Diploma in Management from the Indian Institute of Management, Ahmedabad and a doctoral degree from the University of Massachusetts in Amherst.

Note: Before V A Nageswaran, Krishnamurthy Subramanian was the CEA. Before K Subramanian; Arvind Subramaniam was the CEA.

Source: PIB


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