Are you looking to know about The Economic Advisory Council to the Prime Minister or do you want to become a part of it ?
This blog will help you understand everything about The Economic Advisory Council to the Prime Minister, its structure, function and composition
The Economic Advisory Council to the Prime Minister (EAC-PM) is a group of economists and experts who provide advice and recommendations to the Prime Minister of India on economic issues. The council was established in 2017, with the goal of providing independent and impartial advice to the Prime Minister on economic matters.
The EAC-PM is headed by the Chairman and includes a mix of economists and experts from academia, research institutions, and the private sector. The council is tasked with providing advice on a wide range of economic issues, including macroeconomic policy, fiscal policy, monetary policy, trade and investment, and inclusive growth.
One of the key responsibilities of the EAC-PM is to provide the Prime Minister with a balanced and objective analysis of the Indian economy. This includes providing regular updates on the state of the economy, identifying key challenges, and recommending policy measures to address these challenges. The council also conducts research and analysis on specific economic issues, and provides recommendations for policy action to the Prime Minister.
In addition to its advisory role, the EAC-PM also plays an important role in fostering greater economic understanding and awareness among the public. The council regularly interacts with stakeholders and the public, and communicates its findings and recommendations through reports, presentations, and public events.
The EAC-PM has made a number of important contributions to the Indian economy since its establishment. For example, the council has provided valuable insights and recommendations on issues such as macroeconomic stability, fiscal consolidation, and monetary policy. The council has also played an important role in promoting economic growth and job creation, and in ensuring that the benefits of growth are shared more widely across society.
In conclusion, the Economic Advisory Council to the Prime Minister is a critical institution that provides valuable advice and recommendations to the Prime Minister on key economic issues. The council’s work is essential to ensuring that the Indian economy continues to grow and prosper, and that the benefits of growth are shared more widely across society.