Government extends tenure of CEA Anantha Nageswaran till March 2027

Government extends Chief Economic Adviser V. Anantha Nageswaran's tenure until March 2027, following approval by Appointments Committee of the Cabinet.

The Government on Thursday (February 20, 2025) extended the tenure of Chief Economic Adviser (CEA) V. Anantha Nageswaran for two years till March 2027.

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

With the approval of ACC, the tenure of V. Anantha Nageswaran as Chief Economic Adviser on contract basis is extended up to March 31, 2027, or until further order whichever is earlier, an office order said.

Mr. 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.

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

His extension comes weeks after the Economic Survey 2024-25 projected a growth of 6.3-6.8% for the next financial year amid Asia's third-largest economy showing signs of moderation.