Economic Advisory Council to the Prime Minister (EAC-PM) is an independent body constituted to give advice on economic and related issues to the Government of India, specifically to the Prime Minister. The Council consists of economists of high repute and eminence: Dr. Bibek Debroy (Chairman), Shri Ratan P. Watal (Member Secretary), Dr. Rathin Roy (Part-Time Member), Dr. Ashima Goyal (Part-Time Member) and Dr. Shamika Ravi (Part-Time Member).
The terms of reference of EAC-PM include analyzing any issue, economic or otherwise, referred to it by the Prime Minister and advising him thereon, addressing issues of macroeconomic importance and presenting views thereon to the Prime Minister. These could be either suo-motu or on reference from the Prime Minister or anyone else. It also includes attending to any other task as may be desired by the Prime Minister from time to time.