- Procedure and Guidelines for Engagement of Senior Consultants/Consultants Grade-2/Consultants Grade-I/ Young Professionals in NITI Aayog, 2023
- Inviting application for engagement of Consultants (Grade-I) and Young Professionals on contractual basis.
ABOUT
EAC-PM
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. At present, there are a Chairman, 3 Full-Time Members and 11 Part-Time Members in the EAC-PM.
The composition of EAC-PM is as follows:
Sh. Sanjay Kumar Mishra
Sh. Sanjeev Sanyal
Dr. Shamika Ravi
Sh. Rakesh Mohan
Dr. Sajjid. Z. Chinoy
Sh. Neelkanth Mishra
Sh. Nilesh Shah
Prof. T. T. Ram Mohan
Dr. Soumya Kanti Ghosh
Prof. K. V. Raju
Prof. Chetan Ghate
Prof. Pami Dua
Prof. Pulak Ghosh
Sh. Gaurav Vallabh
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. They also include attending to any other task as may be desired by the Prime Minister from time to time.
Team
Prof. S. Mahendra Dev
Chairman
Shri Sanjeev Sanyal
Member
Shri Sanjay Kumar Mishra
Member
Dr. Shamika Ravi
Member
Dr. Rakesh Mohan
Part-Time Member
Dr. Sajjid Z. Chinoy
Part-Time Member
Shri Neelkanth Mishra
Part-Time Member
Prof. Pulak Ghosh
Part-Time Member
Reports
Reforms, Efficiency, and Productivity of Indian Banking Sector in the Last Decade : A DEA Approach
The journey of the Indian banking sector has undergone a significant regime change since 2014, especially in the post-Asset Quality Review (AQR) period, which was initiated in 2015 to clean up and fully cushioning of bank balance-sheets by bringing to the fore the high incidence of non-performing assets / NPAs that had built up post the global financial crisis. With RBI and Governments’ efforts, the sector has been moved from a period characterised by under recognised corporate stress, weak public-sector banks (PSBs) capitalisation and constrained credit creation to one of historically low NPAs, strong common-equity buffers, sustained profitability and accelerating credit growth. The scheduled commercial banks (SCBs) credit and deposit growth reached 19.3% and deposits at 15.4% respectively for the month end-July 2026, from 9% and 10.7% respectively in FY15. The gross NPA ratio has declined to a multi decadal low level of 1.68% in June 2026, from 11.5% in end March 2018. Further, the capital position of the banks remained healthy, with aggregate CRAR of 17.78% in end June 2026, compared to 13.0% in end-March 2013. Liquidity buffers were robust, with an LCR of 126.94% as of end June 2026. The Return on Assets / RoA and Return on Equity / RoE in June 2026 stood at 1.32% and 13.23% compared to -0.2% and -1.9 % respectively in FY18.
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An Investigation Into Corporate Profits and Investment
The global economy has shown a rise in corporate profits and profitability accompanied by subdued investment sentiment since the global financial crisis with the problem worsening after the pandemic. Explanations for this puzzle range from financial frictions, measurement errors from intangibles, decreased competition and increased short-termism in business. Weakening of global aggregate demand, elevated uncertainty and structural shifts towards digital assets have also been found to be contributory factors.
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Union Budget Speeches as India’s Economic Narrative, 1950-2026: From Planning to Viksit Bharat
The Union Budget speech is India's longest-running annual statement of economic statecraft. It does more than present taxes and expenditures: it identifies the constraints the government believes it has inherited, explains the instruments it regards as credible, and locates the year's fiscal choices within a larger account of national development. We analyse 99 speeches from 1947-48 through the official 2026-27 Budget, using the 77 annual Budget observations from 1950 onward for historical comparison. We constructed transparent dictionaries to measure net tone and track how prominently the speeches track official-source chronology of institutional change over the entire period.
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The World in Purchasing Power Parity (Trends since 1992)
Most papers regarding relative economic performance of countries deal with either nominal or real GDP. This paper focuses on four indicators of relative long-term economic performance in Purchasing Power Parity (PPP) terms: (i) share in world GDP, (ii) relative per-capita income, (iii) share in world savings and (iv) share in world investment. This provides a useful long-term perspective unclouded by exchange rates and relative prices.
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The Duck and The Camel: Tracing the Net Load on the Indian Power Grid
A power grid has to perform a continuous balancing act. At every moment, the total electricity being produced (the ‘generation’) must match the total being consumed (the 'load'). For most of its history, the central worry about the grid was whether there was enough generation capacity. Over the last decade, India has answered that question emphatically. It added generating capacity at remarkable speed, and built a large fleet of solar power, rising to over 157 GW by May 20261.
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Unconditional Women Cash Transfer Programmes in India: Evidence from Maharashtra and Odisha
Cash transfer programmes targeted at women have become one of the fastest-growing categories of state-level welfare spending in India. By FY26, more than fifteen states had introduced some form of unconditional monthly or annual transfer paid directly into women's bank accounts, at an estimated aggregate cost of roughly Rs 1.7 lakh crore and reaching close to 12 crore women. The number of states running such schemes increased more than five-fold between FY23 and FY26 reflect a convergence of evidence from development economics and political economy; direct income support placed in women’s hands is a powerful and cost effective instrument for improving household welfare, advancing financial inclusion and reducing gender-based economic exclusion.
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