Veteran Economist Ashok Lahiri Set to Become Vice-Chairman of NITI Aayog

The veteran economist Mr. Ashok Lahiri set to become the Vice-Chairman of the NITI Aayog and he will return to the role of the policy maker.. As he holds the decades of experience in the economic policy, academia and in the global institutions. His expertise in the field of economics is expected to play the important role to shaping future economic strategies.

Who Is Ashok Lahiri?

Ashok Lahiri is the renowned economist as he holds the extensive experience in the both government and academic institutions.

Key Highlights

• He is the former Chief Economic Adviser (CEA) to the Government of India
• He also had the global exposure and policy expertise.
• Currently he is the political leader who is associated with the Bharatiya Janata Party (BJP)

His strong background in the public finance and the macroeconomic policy makes him the significant choice for this role.

Appointment as NITI Aayog Vice-Chairman

Ashok Lahiri will succeed the Suman Bery as the Vice-Chairman of NITI Aayog.

Niti Aayog is the government’s premier public policy institution.

• As a Vice-Chairman he will advising the government on the economic policies and reforms
• He will also coordinating with the states and ministries.
• Also support the long-term development planning.
• Will driving innovation and policy implementation.

This position is important to shaping the India’s economic roadmap and reform agenda.

Experience as Chief Economic Adviser

Ashok Lahiri has been also served as Chief Economic Adviser from 2002 to 2007.

Key Contributions

• He had worked during the tenure of former of the Atal Bihari Vajpayee.
• He had continued through the UPA government which was led by Manmohan Singh.
• Also played the vital role in the fiscal policy formulation and the economic reforms.

His tenure has coincided with the period when India was strengthening the its macroeconomic framework and growth trajectory.

Academic and Global Career

Ashok Lahiri has had the exceptional academic journey.

Institutional Associations of Ashok Lahiri

• Presidency University (Alumnus)
• Delhi School of Economics
• Asian Development Bank
• World Bank
• International Monetary Fund

He has also worked with the institutions like Bandhan Bank and the National Institute of Public Finance and Policy and contributed to the research and financial policy development.

About NITI AAYOG

NITI Aayog (National Institution for Transforming India) is a policy think tank of the Government of India.

It was established on January 1, 2015 and it replace the Planning Commission.

It plays the pivotal role in formulating policies and fostering cooperative federalism by involving states in the economic policymaking process.

Key Functions of NITI Aayog

• Policy Formulation
• Cooperative Federalism
• Monitoring and Evaluation
• Think Tank

NITI Aayog Composition

The Governing Council of NITI Aayog comprises the Prime Minister (Chair-Person), Chief Ministers of all the States and Union Territories with the legislature, Lt Governors of other UTs, Ex-Officio Members: Vice Chairman, NITI Aayog; Full-Time Members; and Special Invitees.