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
Shri. Rakesh Mohan
Dr. Sajjid Z. Chinoy
Dr. Neelkant Mishra
Dr. Poonam Gupta
Shri. Nilesh Shah
Prof. T.T. Ram Mohan
The report makes an attempt to address various issues associated with India's diverse and ancient composite heritage.View
India Competitiveness Initiative is a multiyear effort towards enhancing prosperity and ease of living for its citizens. The initiative is a collaborative effort between EAC-PM, The Institute for Competitiveness headed by Dr. Amit Kapoor, Prof. Michael Porter and Dr. Christian Ketels from Harvard Business School.View
An evolved Intellectual Property Rights regime is the basic requirement for a knowledge-based economy. Technological innovation and scientific research require a robust patenting system. India is seeing a surge in start-ups and unicorns, and an efficient IPR system is an essential prerequisite for a healthy startup ecosystem. In this paper, we focus on analyzing India’s performance in terms of patents and trademarks.View
The report on the State of Foundational Literacy and Numeracy in India highlights the importance of early education years in the overall development of a child. It further highlights the role of well-planned early interventions like the National Education Policy (2020) and the NIPUN Bharat guidelines, leading to long-term improved learning outcomes.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, ..