Economic Advisory Council to the Prime Minister

Economic Advisory Council to the Prime Minister


  • Recently, the government has reconstituted the Economic Advisory Council to the Prime Minister (EAC-PM)under the leadership of  Bibek Debroy for a period of two years after its term came to an end in September 2021.


  • EAC-PM is a non-constitutional, non-statutory, independent body constituted to give advice on economic and related issues to the Government of India, specifically to the Prime Minister.
  • The council serves to highlight key economic issues to the government of India from a neutral viewpoint.
  • It advises the Prime Minister on economic issues like inflation,  microfinance, and industrial output.
  • For administrative, logistic, planning and budgeting purposes, the NITI Aayog serves as the Nodal Agency for the EAC-PM.

 Terms of Reference of EAC-PM:

  • Analyzing any issue, economic or otherwise, referred to it by the Prime Minister and advising him thereon,
  • Addressing issues of macroeconomic importance and presenting views thereon to the Prime Minister.
  • These could be either suo-motu or on reference from the Prime Minister or anyone else.
  • It also includes attending to any other task as may be desired by the Prime Minister from time to time.

 Periodic Reports:

  • Annual Economic Outlook.
  • Review of the Economy.
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