Understanding the Economic Advisory Council to the Prime Minister (PMEAC)

The Economic Advisory Council to the Prime Minister (PMEAC) is a non-constitutional, non-permanent, and independent body constituted to give economic advice to the Government of India, specifically the Prime Minister, on various economic and related issues.

The council studies the economic issues referred to it by the Prime Minister and presents views thereon. It can also take up issues on its own initiative. The PMEAC's role is to provide informed analysis and policy recommendations to help guide the government's economic decisions.

Identifying the PMEAC Chairman in February 2018

To answer the question about who was the Chairman of the Economic Advisory Council to the Prime Minister (PMEAC) as of February 2018, we need to recall the composition of the PMEAC around that time.

The PMEAC was reconstituted in September 2017. At that time, the government appointed a new council. The Chairman of this reconstituted council was Bibek Debroy.

Therefore, as of February 2018, the Chairman of the PMEAC was Bibek Debroy.

Analyzing the Given Options

Let's look at the options provided:

• Amit Mitra: He has held positions like Finance Minister of West Bengal but was not the PMEAC Chairman in February 2018.
• Amartya Sen: A Nobel laureate economist, but not the Chairman of the PMEAC during the specified period.
• Bibek Debroy: He was appointed as the Chairman when the PMEAC was reconstituted in September 2017 and continued in that role through February 2018.
• Najma Heptulla: Primarily known for her political roles, including former Union Minister and Governor, but not associated with chairing the PMEAC.

Based on the reconstitution of the PMEAC in September 2017 and its composition in early 2018, Bibek Debroy held the position of Chairman.

Key Role of the PMEAC Chairman

The Chairman leads the Economic Advisory Council, coordinating its work, guiding discussions, and presenting the council's views and recommendations to the Prime Minister.

Conclusion on the PMEAC Chairman

In conclusion, historical records indicate that Bibek Debroy was the Chairman of the Economic Advisory Council to the Prime Minister (PMEAC) in February 2018. His role was crucial in providing economic insights and recommendations to the government during that period.

Revision Table: Economic Advisory Council

Additional Information on PMEAC and Economic Advisors

The composition and role of the PMEAC can change depending on the needs and structure preferred by the government in power. The council typically comprises economists and experts in relevant fields.

The advice provided by the PMEAC covers a wide range of topics, including macroeconomic policy, structural reforms, inflation, employment, and other critical economic indicators. They often prepare reports and presentations on specific economic challenges facing the country.

Understanding the role of such advisory bodies is important for comprehending the economic policy-making process in India.