• The government extended the tenure of Chief Economic Adviser (CEA) V. Anantha Nageswaran till March 2027.

• The Appointments Committee of the Cabinet (ACC) headed by Prime Minister Narendra Modi approved the tenure of Nageswaran on a contract basis up to March 31, 2027.

• Nageswaran assumed charge of the CEA on January 28, 2022, for a three-year term.

• The office of CEA is responsible for giving advice to the government on various economic policies and drafting the Economic Survey which is tabled in Parliament a day ahead of the Union Budget.

Who is Anantha Nageswaran?

• Nageswaran, an academic and former executive with Credit Suisse Group AG and Julius Baer Group, succeeded K.V. Subramanian.

• Prior to taking over as CEA, Nageswaran worked as an author, teacher and consultant. He has also been a part-time member of the Economic Advisory Council to the Prime Minister from 2019 to 2021.

• Besides, he has taught at several business schools and institutes of management in India and 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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