Modi Constitutes Economic Advisory Council

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New Delhi: Prime Minister Narendra Modi on Monday constituted an Economic Advisory Council with Bibek Debroy as its Chairman. The council will analyse issues regarding the economy, referred to it by the prime minister.

The five-member council consists of economists of high repute and eminence, said an official statement. The announcement regarding the constitution of the EAC was taken after the BJP national executive meeting in the national capital

The economic advisory council includes NITI Aayog’s Principal Advisor Ratan Watal as its member and economists Surjit Bhalla, Rathin Roy and Ashima Goyal as part-time members. The panel will analyse issues, “economic or otherwise, referred to it by the Prime Minister”, and will advise him on it, a government release said.

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The council will “address issues of macroeconomic importance and present views thereon to the Prime Minister,” the release said, adding that members of the panel can take these up on their own or by reference from the Prime Minister or anyone else.