Economic Advisory Council to Prime Minister
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.
- Company typePrivate
- Founded2017
- HeadquartersNew Delhi, India
- Headcount51–100
- GTM typeB2B
- OfferingServices
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.
Economic Advisory Council to Prime Minister firmographics
Firmographics- 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
Economic Advisory Council to Prime Minister industry classification
Industry- 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
Where Economic Advisory Council to Prime Minister is headquartered
LocationHeadquarters
- HQ city
- New Delhi
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
Economic Advisory Council to Prime Minister business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Others
Revenue model
- 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
Economic Advisory Council to Prime Minister product offering
Product offeringCore 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
Companies that use Economic Advisory Council to Prime Minister
Customer profileSegments1 record
Ideal customer profiles1 record
Economic Advisory Council to Prime Minister technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Economic Advisory Council to Prime Minister partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- NITI AayogcoreEAC-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 SecretariatcoreThe 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
Economic Advisory Council to Prime Minister competitors and assessment
Company assessmentDirect 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
Economic Advisory Council to Prime Minister social profiles
Digital presenceEconomic Advisory Council to Prime Minister financial estimates
Financial estimateRevenue estimate
Valuation estimate
Economic Advisory Council to Prime Minister leadership team
Management profileNumber of profiles
Profiles4 records
Economic Advisory Council to Prime Minister funding detail
Funding detailFunding overview
Funding rounds
Investors
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Economic Advisory Council to Prime Minister M&A and investment
M&A and investmentM&A
Investments
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Frequently asked questions about Economic Advisory Council to Prime Minister
What does Economic Advisory Council to Prime Minister do?
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.
Is Economic Advisory Council to Prime Minister a public or private company?
Economic Advisory Council to Prime Minister is a private company. It is classified as state government owned and is currently operating.
When was Economic Advisory Council to Prime Minister founded?
Economic Advisory Council to Prime Minister was founded in 2017. It employs 51 to 100 people.
Where is Economic Advisory Council to Prime Minister based?
Economic Advisory Council to Prime Minister is headquartered in New Delhi, India, in the Asia region.
How does Economic Advisory Council to Prime Minister make money?
One revenue line is on record: government Funding.
Who are Economic Advisory Council to Prime Minister's main competitors?
Direct peers on record are Council of Economic Advisers (CEA, United States), German Council of Economic Experts (Sachverständigenrat) and UK Council of Economic Advisers (HM Treasury). Broad incumbents are NITI Aayog, OECD Economics Department, International Monetary Fund (IMF) Research Department and World Bank Development Research Group. Reserve Bank of India (RBI) Department of Economic and Policy Research is listed as a regional player. Ministry of Finance (India), Department of Economic Affairs is listed as an others. Indian Council for Research on International Economic Relations (ICRIER) is listed as an emerging player.
Does Economic Advisory Council to Prime Minister have an API?
No public API is recorded for Economic Advisory Council to Prime Minister.
What industry is Economic Advisory Council to Prime Minister in?
Economic Advisory Council to Prime Minister's product category is Government Economic Advisory. Its primary akta.pro industry code is BPAIAAAB, Central Government Policy, Strategy & Performance (incl. OMB-style functions), with a secondary code of BPAIAAAA, Executive Office / Cabinet Secretariat. Its NAICS code is 926110.