On February 20, 2025, the Government of India (GoI) extended the tenure of Venkatramanan(V). Anantha Nageswaran as Chief Economic Adviser (CEA) for two more years, until March 31, 2027.
- The Appointments Committee of the Cabinet (ACC), chaired by Prime Minister (PM) Narendra Modi, approved Nageswaran’s tenure on a contract basis up to March 31, 2027, or until further orders, whichever is earlier.
- On January 28, 2022, Nageswaran took charge as the 18th CEA for a three-year term, succeeding Krishnamurthy Venkata (KV) Subramanian, who served as the 17th CEA from 2018 to 2021.
Note: Nageswaran was a key contributor to India’s annual Economic Survey 2024-25, which projected India’s Gross Domestic Product (GDP) growth at 6.3% to 6.8% for the Financial Year (FY) 2025-26.
About V. Anantha Nageswaran:
i.From 2009 to 2011, he served as the global Chief Investment Officer (CIO) at Bank Julius Baer in Switzerland. He also worked with Credit Suisse in Switzerland and Singapore, as well as with the Union Bank of Switzerland (now UBS).
ii.He also served as a part-time member of the Prime Minister’s Economic Advisory Council (PM-EAC) to the PM from 2019 to 2021.
iii.He is the co-founder of Mumbai (Maharashtra) based Aavishkaar India Microventure Capital Fund (AIMVCF), Bengaluru (Karnataka) based Takshashila Institution, a think tank for research and education in Public Policy.
iv.He was the Dean of the IFMR Graduate School of Business (GSB)(formerly Institute for Financial Management and Research) in Andhra Pradesh (AP) and a visiting professor of economics at the Krea University in AP.
v.He also worked as a professor at the Singapore Management University (SMU) in Singapore, and the Indian Institute of Management (IIM) Bangalore in Bengaluru (Karnataka) & IIM Indore in Indore (Madhya Pradesh, MP).
vi.He has authored several books, including ‘The Economics of Derivatives’ and ‘The Rise of Finance: Causes, Consequences and Cures.’
About Chief Economic Adviser (CEA):
i.The CEA is head of the Economic Division of the Department of Economic Affairs(DEA) under the Ministry of Finance(MoF).
ii.CEA is responsible for the preparation of the Economic survey of India tabled in Parliament before the Union budget of India is presented.
iii.The functions of the Division are advisory in nature. It examines domestic and international economic trends and undertakes research studies having a bearing on economic policies and management of the economy and renders policy advice.
