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Sanjeev Sanyal appointed full-time member of Economic Advisory Council to PM 


Sanjeev Sanyal, the Finance Ministry’s Principal Economic Advisor, has been appointed as a full-time member of the Economic Advisory Council to the Prime Minister (EAC-PM), according to the body’s chairman, Bibek Debroy. The appointment is for a two-year period.

The news: The EAC-PM is an independent group set up by the Union government to provide economic advice to the Prime Minister.

  • Sanjeev Sanyal has advised the finance ministry on how to formulate economic strategies in the event of a pandemic. Since the 1990s, the seasoned economist has worked in financial markets, and his appointment to the EAC-PM is likely to benefit the top economic advisory body.

The backstory: Sanyal was previously the managing director of Deutsche Bank and was appointed as the Finance Ministry’s chief economic adviser in February 2017.

  • He oversaw the creation of the Economic Survey for the years 2021-22, which predicted that India’s economy will rise by 9.2 per cent in FY22 and between 8 per cent and 8.5 percent in FY23. This was due to the fact that V Anantha Nageswaran, the main economic adviser, was recruited just two days before the Survey was to be tabled in Parliament.

Sanyal was also a Senior Fellow of the World Wide Fund for Nature and a Fellow of the Royal Geographical Society in London. He was also a Visiting Scholar at Oxford University, an Adjunct Fellow at the Institute of Policy Studies in Singapore, and a Fellow of the Royal Geographical Society in London.

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