Economic Advisory Council to Prime Minister

What Economic Advisory Council to Prime Minister does

The Economic Advisory Council to the Prime Minister (EAC-PM) is an independent statutory body of the Government of India, constituted on September 26, 2017, to provide economic and related advice directly to the Prime Minister. It is reconstituted periodically by the Cabinet Secretariat; the current composition, set in October 2021 under Chairman Prof. S. Mahendra Dev, consists of 3 Full-Time Members (Shri Sanjay Kumar Mishra, Shri Sanjeev Sanyal, Dr. Shamika Ravi) and 11 Part-Time Members drawn from academia, central banking, and financial markets (including Rakesh Mohan, Dr. Sajjid Z. Chinoy, Neelkanth Mishra, Nilesh Shah, Prof. T. T. Ram Mohan, Dr. Soumya Kanti Ghosh, Prof. K. V. Raju, Prof. Chetan Ghate, Prof. Pami Dua, Prof. Pulak Ghosh, and Sh. Gaurav Vallabh). EAC-PM is headquartered at NITI Bhawan, Sansad Marg, New Delhi, and operates under the administrative umbrella of NITI Aayog.

The council's outputs are non-commercial research and policy products. Its portfolio comprises Working Papers (empirical analyses such as the 2026 papers on labour market formalization using PLFS/ASUSE unit-level data, constituency delimitation in the Lok Sabha, and unconditional women cash transfers), official Policy Reports (e.g., the Foundational Literacy and Numeracy report, the Status of Women in India, the Social Progress Index), and a media/news function distributed through eacpm.gov.in, official social channels (@EACtoPM on X, @EACPM on Facebook), and leading Indian business publications. The corpus exceeds 40 publications over the 2017–2026 period. The council also extends its operating capacity by contracting Young Professionals and Consultants under formal guidelines issued in 2023.

EAC-PM is government-funded, does not sell products or services, and charges no fees for its publications. Its "customers" are the Prime Minister's Office and the Government of India, and its measurable outcomes are framed in policy terms — for example, projections of 7-7.5% GDP growth for FY22-23 and identification of up to 7.39% potential GDP growth through effective FLN implementation. There are no commercial revenue streams, no private investors, and no acquisition pipeline; the entity is a policy instrument of the state, not a market-facing business.

Name

Economic Advisory Council to Prime Minister

Legal name

Economic Advisory Council to the Prime Minister

Website

https://eacpm.gov.in

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

51–100 employees

Short description

The Economic Advisory Council to the Prime Minister (EAC-PM) is an independent Government of India advisory body, constituted in 2017 and headquartered at NITI Bhawan, New Delhi, that provides economic policy advice and publishes working papers and reports directly to the Prime Minister.

Ownership category

akta.pro rank

Product category

Government Economic Advisory

NAICS

Administration of General Economic Programs (926110), Executive, Legislative, and Other General Government Support (921)

akta.pro primary industry

Central Government Policy, Strategy & Performance (incl. OMB-style functions) (BPAIAAAB)

akta.pro secondary industry

Executive Office / Cabinet Secretariat (BPAIAAAA)

Keywords

• Economic policy advisory
• Government research
• Macroeconomic analysis
• Policy recommendations
• Fiscal policy research

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others

Revenue model

1. Government Funding: EAC-PM is a government advisory body funded by the Government of India. It does not generate commercial revenue. The council operates from NITI Bhawan and its operational costs are borne by the central government as part of the NITI Aayog secretariat functions.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

The Economic Advisory Council to the Prime Minister (EAC-PM) is an independent Government of India body that provides economic and policy advice directly to the Prime Minister. The council comprises a Chairman, 3 Full-Time Members, and 11 Part-Time Members who produce economic research, working papers, policy reports, and recommendations on macroeconomic issues including GDP growth projections, labour market reforms, tax policy, financial inclusion, urbanization, and agricultural policy.

Product overview

The Economic Advisory Council to the Prime Minister (EAC-PM) is an independent advisory body of the Government of India that provides economic advice and policy recommendations to the Prime Minister. The organization does not offer commercial products or services but produces economic research through its Working Papers series, policy publications through its Reports section, and maintains a news and articles platform. The portfolio consists of economic research publications (Working Papers), policy reports (Reports), and an informational news section covering economic developments and council activities.

Differentiator

Problem solved

Functional benefit

Products and services

• EAC-PM Working Papers Economic research papers and working papers published by the Economic Advisory Council to the Prime Minister covering labour market formalization, urbanization, financial inclusion, tobacco consumption, infrastructure development, AI regulation, and related macroeconomic topics. Targeted at government stakeholders, researchers, and the public.
• EAC-PM Policy Reports Official reports and policy recommendations from EAC-PM including the Foundational Literacy and Numeracy Report, Social Progress Index, Status of Women in India, and economic analysis on national policies. Produced for the Prime Minister and Government of India.
• Economic Advisory Services to the Prime Minister Independent government advisory body constituted to provide advice on economic and related issues to the Government of India, specifically to the Prime Minister. Comprises a Chairman, 3 Full-Time Members, and 11 Part-Time Members.

Quantifiable outcome

• EAC-PM projected India's GDP growth at 7-7.5% for FY22-23
• +2 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• NITI AayogcoreImplementation/ SI/ Consulting PartnerEAC-PM operates from NITI Bhawan, the headquarters of NITI Aayog. The council utilizes NITI Aayog's administrative infrastructure and secretariat support. EAC-PM was reconstituted in October 2021 under the same framework as previous iterations, maintaining close operational ties with NITI Aayog.
• Cabinet SecretariatcoreStrategic or Co-development PartnerThe Cabinet Secretariat issued the official notification for the reconstitution of EAC-PM in October 2021. The Cabinet Secretariat oversees the administrative framework within which EAC-PM operates.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Council of Economic Advisers (CEA, United States): The US Council of Economic Advisers is the most direct structural peer: an independent advisory body within the Executive Office of the President that provides economic policy advice directly to the US President. EAC-PM mirrors this construct for India's Prime Minister.
• German Council of Economic Experts (Sachverständigenrat): An independent academic panel of economists that advises the German government on macroeconomic policy. Comparable to EAC-PM in its composition (leading economists), independence, and focus on producing public-facing research and policy recommendations.
• UK Council of Economic Advisers (HM Treasury): An independent panel of leading economists providing advice to the UK Chancellor and government on economic policy. Closely comparable to EAC-PM in mandate, structure, and the role of producing independent economic analysis for the executive.

Broad incumbents

• NITI Aayog: India's premier policy think tank, under whose administrative umbrella EAC-PM operates from NITI Bhawan. Overlapping mandate on economic policy and structural reform, but broader in scope (covering all policy domains) and with a longer institutional horizon than the fixed-term EAC-PM.
• OECD Economics Department: Produces influential cross-country economic analysis, policy recommendations, and country reviews. Comparable in terms of research output, methodology, and influence on member governments, though operating internationally rather than as a single-country advisory body.
• International Monetary Fund (IMF) Research Department: Produces flagship World Economic Outlook research and country-specific economic analysis that shapes government policy globally. Comparable in producing rigorous macroeconomic analysis that informs policy debate, though at a multilateral rather than single-country level.
• World Bank Development Research Group: Produces influential empirical research on development economics, labour markets, and structural reform topics that closely overlap EAC-PM's research portfolio. Comparable in analytical rigor and policy relevance, though operating across multiple developing economies.

Regional players

• Reserve Bank of India (RBI) Department of Economic and Policy Research: India's central bank research arm producing monetary and macroeconomic analysis, including flagship publications such as the annual Report on Currency and Finance. Comparable as a domestic economic research institution whose outputs shape Indian policy debates, though focused on monetary policy and financial stability rather than broader structural reform.

Others

• Ministry of Finance (India), Department of Economic Affairs: Indian government's primary economic policy formulation and implementation body. EAC-PM's outputs directly inform the Department of Economic Affairs' policy decisions on fiscal, monetary, and structural reforms, making it the closest implementation counterpart.

Emerging players

• Indian Council for Research on International Economic Relations (ICRIER): A leading Indian economic policy think tank producing independent research on trade, investment, macroeconomics, and development. Comparable in producing rigorous, policy-relevant economic research that informs Indian government decisions, though operating as an autonomous research institution rather than a statutory advisory body.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/EACtoPM
• Facebookfacebook.com/EACPM
• LinkedInlinkedin.com/company/economic-advisory-council-to-prime-minister-of-india

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Economic Advisory Council to Prime Minister