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, the composition of EAC-PM is: Dr. Bibek Debroy (Chairman), Shri Sanjeev Sanyal (Member), Shri Rakesh Mohan (Part-Time Member), Dr. Sajjid Chinoy (Part-Time Member), Dr. Neelkanth Mishra (Part-Time Member), Shri Nilesh Shah (Part-Time Member), Prof. T.T. Ram Mohan (Part-Time Member) and Dr. Poonam Gupta (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. They also include attending to any other task as may be desired by the Prime Minister from time to time.
Dr. Bibek Debroy
Shri. Sanjeev Sanyal
Dr. Shamika Ravi
Shri. Rakesh Mohan
Dr. Sajjid Z. Chinoy
Dr. Neelkant Mishra
Dr. Poonam Gupta
Shri. Nilesh Shah
In a vibrant democracy, assessing the economic performance under different political regimes is crucial. Typically, the debate is limited to comparing growth rates or poverty reduction at the macro level. However, for a more meaningful analysis of politics in action,View
The field of Artificial Intelligence (AI) has been making significant strides, with advancements in computer vision, language processing, robotics, and many other emergent areas. This rapid development, however, has raised substantial concerns about the risks associated with uncontrolled AI propagation.View
For the mediation system to be effective, it must earn its place in the dispute-resolution ecosystem by its performance and not by a mandate. Hence, Section 12A of the Commercial Courts Act, 2015, must be amended to make pre-litigation mediation for commercial cases voluntary.View
This paper delves into the trends of GST collections to evaluate the efficacy of the reform to generate revenue. Subsequently, an attempt is made to answer the questions – what drives revenue growth and whether the collections; collection efficiencies and buoyancy of collections are better under GST as compared to the pre-GST period. This is done by examining the GST collections while controlling for extraneous factors such as inflation.View
The vision of the Hon’ble Prime Minister for the North Eastern Region of Bharat can be developed as the Organic agriculture hub of not only India but of the world, which would double up as the reservoir of knowledge and practice of ancient, climate resilient crops and seeds.View
We need a simplified direct taxes code that will remove exemptions: Bibek Debroy
When GST was originally formulated, the revenue-neutral rate was expected to be around 18%, today the average GST rate is about 11.5%, so that clearly..
How PM’s EAC brings the focus back on the ECCE
The report points out that effective implementation of FLN can potentially grow our Gross Domestic Product (GDP) by 7.39%, when the benefits are calcu..
Economic Advisory Council to the PM calls for unified labour law
The union labour ministry had amalgamated 29 central labour laws into four Codes. These include the Code on Wages, 2019, the Code on Social Security, ..
Economy to grow 7-7.5% next fiscal year: EAC-PM
Looking beyond the current year, 2021-22, EAC-PM members were optimistic about real and nominal growth prospects in 2022-23...
GDP may grow 9-11% in FY22, 7% in FY23: Bibek Debroy
All talk about a third wave, I think, misses the point a little bit because the third wave will not be uniform across the country, says Bibek Debroy, ..