The first meeting of the newly constituted Economic Advisory Council to the Prime Minister, EAC-PM will be held tomorrow on Wednesday, at NITI Aayog. The Council has been set up with the approval of the Prime Minister on 26th September 2017 and is comprised of reputed economists and experts. These include Dr. Bibek Debroy, Member, NITI Aayog as the Chairman, Shri. Ratan P. Watal, Principal Adviser, NITI Aayog as Member Secretary and Dr. Surjit Bhalla, Dr. Rathin Roy and Dr. Ashima Goyal as part time members.

With the constitution of the Council, the Government has set up a unique independent institutional mechanism. This is mandated to analyze all critical issues, economic or otherwise referred to it by the Prime Minister and advising him thereon. It is also required to address issues of macro-economic importance and presenting views thereon.

In accordance with this mandate, the Council held a brainstorming session with stakeholders on 9th October 2017 at NITI Aayog in the run up to the First meeting of the Council. The meeting is scheduled to be held at 11.30 am on 11th October 2017 at NITI Aayog.

The Council will address all issues of emergent importance, will engage with a broad spectrum of stakeholders and formulate advice accordingly.

Independent advisory mechanism established to provide the Prime Minister with expert economic analysis and stakeholder informed advice. An independent institutional mechanism has been constituted to provide the Prime Minister with expert economic analysis and formal advice on referred matters and macro economic issues; it comprises a chair, a member secretary and part time expert members and will convene meetings and consult stakeholders to formulate its advice.