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List of Longest-Serving Finance Ministers Till 2025, Check the Names

India has seen several leaders contribute to the nation’s growth, with the role of Finance Minister being one of the most crucial. The Finance Minister of India handles the country’s financial planning, budgeting, and economic growth. Some of the longest-serving Finance Ministers have made significant impacts during their tenure. In this article, we will look at the longest-serving Finance Ministers of India till 2025.

Who is the Finance Minister of India?

The Finance Minister of India plays an important role in managing the country’s economy. This person is in charge of preparing the national budget, managing government spending, and creating policies that affect everything from taxes to public services.

Responsibilities of the Finance Minister

The Finance Minister has several key duties:

  • Preparing the Union Budget: The Finance Minister is responsible for presenting the annual budget to the parliament. The budget outlines the government’s spending and tax plans for the coming year.
  • Managing Government Finances: The Finance Minister ensures that the country’s finances are stable and works to reduce the national deficit.
  • Taxation Policies: The Finance Minister decides on new taxes and changes to existing taxes that help raise money for the government.
  • Economies Policies: The Finance Minister also works on policies that help India’s economy grow, such as promoting investment and controlling inflation.

Longest Serving Finance Ministers of India Till 2025

India has had several long-serving Finance Ministers, each playing a key role in shaping the country’s economic policies. Their contributions, spanning decades, have helped drive reforms, manage financial crisis, and promote growth in various sectors.

Here is the list of longest serving Finance Ministers of India till 2025:

S. No. Finance Minister Tenure Party  Key Contributions
1. P. Chidambaram 8 years Indian National Congress
  • Simplified tax system (2005)
  • Introduced laws to control budget deficit.
  • Managed economic crisis in 2008
  • Promoted financial inclusion.
2. Morarji Desai 7 years Indian National Congress
  • Focused on agriculture and industry.
  • Reformed currency and banking.
  • Worked for food self-sufficiency.
3. Nirmala Sitharaman 6 years Bharatiya Janata Party
  • Rolled out GST to simplify taxes.
  • Launched Atmanirbhar Bharat during COVID-19.
  • Focused on privatization.
4. C.D. Deshmukh 6 years Indian National Congress
  • Gave RBI more independence.
  • Worked on the First Five-Year Plan.
  • Addressed inflation and food shortage.
5. Pranab Mukherjee 5 years Indian National Congress
  • Managed the 2008 financial crisis.
  • Helped start GST
  • Focused fiscal management and financial growth.
6. Yashwant Sinha 5 years Bharatiya Janata Party
  • Helped in India’s economic changes.
  • Made tax reforms
  • Worked on infrastructure and welfare.
7. Manmohan Singh 5 years Indian National Congress
  • Led major economic reforms in 1991.
  • Managed India’s financial crisis.
  • Encouraged foreign investment.

 

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