Govt appoints Nageswaran as new Chief Economic Advisor
Highlights
- Prior to this, 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
- He was also a part-time member of Economic Advisory Council to PM from 2019 to 2021
The government of India on Friday named Venkatraman Anantha Nageswaran as India's new chief economic advisor (CEA). The appointment comes just two days ahead of India's Economic Survey and Union Budget.
Nageswaran was a former member of the Prime Minister’s Economic Advisory Council (PMEAC). The position has been vacant since December 17, 2021, when KV Subramanian demitted the office. The Economic Survey is scheduled to be tabled in Parliament on January 31.
India is poised to grow as the fastest large economy in the world during the current financial year with the economy projected to grow around 9 per cent despite the pandemic. The economy, as per the advance estimates of the National Statistical Office (NSO), is expected to record a growth of 9.2 per cent during the current fiscal, which is a tad lower than the 9.5 per cent projected by the Reserve Bank.
Prior to this appointment, Nageswaran has worked as an author, teacher and consultant, the Finance Ministry statement said. He has also been a part-time member of the Economic Advisory Council to the Prime Minister of India from 2019 to 2021, it said. Besides, he has taught at several business schools and institutes of management in India and in Singapore and has published extensively. Nageswaran holds a Post-Graduate Diploma in Management (MBA) degree from the Indian Institute of Management, Ahmedabad. He obtained a doctoral degree in Finance from the University of Massachusetts in 1994 for his work on the empirical behaviour of exchange rates.
He was the Dean of the IFMR Graduate School of Business and a distinguished Visiting Professor of Economics at Krea University. Nageswaran helped co-found the Takshashila Institution, an independent centre for research and education in public policy and helped launch the first impact investment fund of the Aavishkaar Group in 2001.
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