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
India’s G20 Presidency – Emerging Issues
With India's G20 presidency, it is an opportunie moment to delve into economic, political and technological aspects that will define the future of G20 and India's potential to influence the global agenda.View
A Secular Democracy in Practice: Objective Assessment of Amenities Programs in India
Our results indicate that the government is responsive to the needs of the marginalized section of society irrespective of religion, caste, or place of residence, which is an alternative and more robust indicator of strengthening democracy in India.View
India’s Tryst with a Circular Economy
The concept of a circular economy has gained immense popularity in recent times, as it provides a sustainable solution to the current linear economic model. In a circular economy, resources are kept in use for as long as possible, waste is minimized, and products are designed to be reused or recycled at the end of their life.View
Fixing the GST Process: Five Years of Iterative Problem Solving
The paper, examines the topic from the perspective of process efficiency and the ability of the system to correct by responding to feedback loops. It delves into areas such as customer complaint rates, responsiveness of the Goods and Services Tax Network (GSTN), time taken for redressal, and the technological tools being used to improve interactions with taxpayers.View
What is “Urban/Rural” India?
The issue of labeling settlements as “urban” and “rural” has important policy implications in India since the label determines the local governance structure (panchayat or urban local body) and the allocation of resources under government schemes. Policymakers often work on the faulty assumption that “rural” is a proxy for “poor” and accordingly spend greater resources on provisioning of public goods in areas defined as “rural”. However, the current classification uses a combination of administrative definition and census criteria which are often inadequate in capturing speed and scale of urbanization in India.View
Reversing the Gaze
India’s poor performance on certain development indicators has been a matter of hot debate in recent years. These debates often arise because some socio-economic indicators, as estimated by international agencies, seem to stagnate or even deteriorate despite a rise in per capita income in India. In this paper, we examine whether or not these estimates stand up to scrutiny.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, ..