Economy

PM Modi Constitutes Economic Advisory Council, Bibek Debroy to Head It

Terms of reference of the EAC would be to “analyse any issue, economic or otherwise, referred to it by the prime minister and advising him thereon,” an official statement said.

Headed by NITI Aayog member Bibek Debroy, the EAC includes NITI Aayog’s principal advisor Ratan Watal as its member and economists Surjit Bhalla, Rathin Roy and Ashima Goyal as part-time members. Credit: PTI

New Delhi: Prime Minister Narendra Modi today constituted a five-member Economic Advisory Council (EAC) which will analyse economic and other issues, an official announcement said.

Headed by NITI Aayog member Bibek Debroy, the EAC includes NITI Aayog’s principal advisor Ratan Watal as its member and economists Surjit Bhalla, Rathin Roy and Ashima Goyal as part-time members.

“The five-member council consists of economists of high repute and eminence,” said an official statement.

Terms of reference of the EAC would be to “analyse any issue, economic or otherwise, referred to it by the prime minister and advising him thereon,” the statement said.

It will also “address issues of macroeconomic importance” and present its views to the prime minister, it said, adding “This could be either suo-motu or on reference from the prime minister or anyone else.”

It’s terms of reference also includes attending to “any other task as may be desired by the prime minister from time to time,” the statement said.

  • Anjan Basu

    So we now have the CEA as well as the EAC. And of course the Niti Aayog. It will be interesting to see how these sundry worthies grapple with the humongous problems of the national economy staring at us today. Looking at the composition of the EAC, it is to be expected that ‘fiscal discipline’ will be high on their list of priorities. With that clear orientation, can they still breathe life into a mortally sick patient?