NEW DELHI, Jan 28: Dr Venkatraman Anantha Nageswaran is the new Chief Economic
Advisor (CEA) to the Government of India. A former member of the Prime Minister’s
Economic Advisory Council (PMEAC), Nageswaran was appointed to the position
on Friday, just days ahead of the presentation of the Union Budget in Parliament.
Nageswaran's predecessor KV Subramanian had completed his three-year tenure
last month and the office has been lying vacant.
Nageswaran, an academic in international economics and financial markets, teaches
at B-Schools in Singapore and India. He is a visiting distinguished professor
of economics at Krea University. A doctorate from the University of Massachusetts,
he graduated from IIM-Ahmedabad. Nageswaran has been associated with Credit
Suisse Group and Julius Baer. He has co-authored books like ‘The Economics of
Derivatives’ and ‘The Rise of Finance: Causes, Consequences and Cures’.
The Chief Economic Advisor is usually the architect of the Economic Survey
presented in Parliament before the Union Budget. This year's Survey will be
tabled by the Finance Minister on Monday.
As the new CEA, Nageswaran is expected to focus on the country's economic
growth, investments and fiscal deficit and give fresh impetus to the economy.
