Month after rejig, PM eco advisory council adds 3 more

New Delhi: Less than a month after the Prime Minister’s Economic Advisory Council (EAC-PM) was reshuffled and reconstituted, another three new part-time members have been added to the roster.

According to an official press release, economists and finance experts Neelkanth Mishra, Nilesh Shah and V. Anantha Nageswaran have been appointed to the council for a period of two years. Curiously, this time around, one of the members comes from the ‘private sector’ – Nilesh Shah is the well-known managing director of Kotak Mahindra Asset Management Company.
 
Neelkanth Mishra is the India Equity Strategist for Credit Suisse, while V. Anantha Nageswaran is the dean of IFMR Graduate School of Business and a well-known economic affairs commentator.

The appointment order indicates that they are part-time members and thus are unlikely to take a leave of absence from their current jobs. In September 2019, the Narendra Modi government gave its advisory council a new tenure of two years and surprisingly dropped Rathin Roy (National Institute of Public Finance and Policy) and Shamika Ravi (Brookings Institute) from the roster.

When EAC-PM was reshuffled in 2019, Sajjid Chenoy, the well-known India economist at JP Morgan, was announced as a new part-time member.