Prof Pulak Ghosh EAC-PM Appointment | Key Step in India’s Economic Policy

Prof Pulak Ghosh EAC-PM appointment strengthens India’s economic policy advisory council with expert insights from IIM Bangalore. Learn more about this milestone.

Introduction

In a remarkable development for India’s economic advisory framework, Prof Pulak Ghosh EAC-PM appointment as a new member of the Economic Advisory Council to the Prime Minister (EAC-PM) signals a critical step in the government’s push for data-driven economic policymaking. A senior professor at the Indian Institute of Management Bangalore (IIMB), Prof Ghosh brings a rich background in data analytics, policy research, and strategic economic insights. His inclusion is expected to bolster the council’s capacity to guide Prime Minister Narendra Modi’s economic vision with evidence-backed recommendations.

This strategic move not only underscores the rising importance of academic leadership in governance but also places IIMB in the national spotlight once again. The appointment of IIMB professor to PM economic advisory council signifies a seamless fusion of academia and policymaking — a shift that is becoming increasingly crucial in India’s growth narrative.

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What is EAC-PM and Why It Matters

The Economic Advisory Council to the Prime Minister (EAC-PM) is an independent body tasked with offering sound economic advice directly to the Prime Minister. Its key role involves assessing and analyzing emerging economic trends, formulating fiscal and monetary recommendations, and drafting forward-looking policy frameworks.

With India’s economy experiencing both global shocks and domestic transformation, the inclusion of specialists like Prof Pulak Ghosh becomes not just strategic but necessary. As a Pulak Ghosh economic policy expert India, his research background in big data, public policy, and AI applications offers a fresh perspective to the council.

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The Journey of Prof Pulak Ghosh

Prof Pulak Ghosh is widely respected for his pioneering work in data science, econometrics, and analytics. He holds a Ph.D. in Statistics and has previously served in prestigious roles across institutions like ISB Hyderabad and the Reserve Bank of India’s research committees. Recognized internationally, Prof Ghosh’s research has found place in top academic journals and global economic discussions.

His appointment to economic advisory council is not just a testament to his personal achievements but also a win for the academic community contributing to real-world policy design. The government’s decision to bring in an Indian economist appointed to PM advisory body from a leading management institute reflects a growing trust in scholars to shape macroeconomic strategies.

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The Role of Academia in Economic Policymaking

Traditionally, policymaking in India has leaned heavily on bureaucrats and political strategists. However, the new member EAC PM from IIM Bangalore marks a clear departure from this pattern. Today, with economics becoming increasingly data-driven, professionals with analytical prowess are being prioritized.

According to Dr. Arvind Panagariya, former Vice Chairman of NITI Aayog, “Integrating academic thought leaders into policy structures bridges the knowledge-practice gap. It enhances India’s ability to craft solutions based on empirical research.”

The IIMB faculty in central economic council also speaks volumes about the government’s focus on nurturing a ‘knowledge economy,’ one where public policy is grounded in factual insight and rigorous academic analysis.

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India’s Push Toward Data-Driven Governance

India has seen an unprecedented rise in digital governance. From UPI to GST to Direct Benefit Transfers, data lies at the core of many flagship programs. This is where expert data analytics India government panel members like Prof Ghosh are indispensable.

His expertise will be crucial in:

• Advising on big data utilization for social welfare schemes.
• Evaluating economic indicators through AI and ML frameworks.
• Enhancing data governance models in public institutions.

This makes economic policy advisory India 2025 increasingly reliant on professionals who understand the intersection of data, economy, and human behavior.

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Reaction from the Academic and Policy Circles

Prof Ghosh’s appointment has been widely appreciated by the academic and policy communities. Dr. Raghuram Rajan, former RBI Governor, remarked, “The ability to decode large data and translate it into actionable policy is rare. Prof Ghosh brings this ability with great credibility.”

The EAC PM panel members update 2025 also received praise from IIM Bangalore’s Director, Prof Rishikesha T Krishnan, who highlighted that “this achievement is not just individual but institutional — a recognition of IIMB’s commitment to national service.”

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Prof Pulak Ghosh’s Vision for India

Prof Ghosh has repeatedly emphasized the need for transparency, evidence-based policy formulation, and inclusive growth. His research often advocates for:

• Reducing structural inequalities.
• Promoting digital inclusion.
• Enhancing financial literacy across rural and semi-urban India.

By having government appoint data expert in EAC, India positions itself to tap into the transformative power of data, especially for crafting policies tailored to specific demographics.

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Connecting Education and Public Policy

The development also holds inspirational value for students and aspiring economists. As seen in platforms like NCERT Courses, Current Affairs, and MCQs, learners increasingly seek real-world applications of academic concepts. Prof Ghosh’s journey exemplifies how academic excellence can lead to national service.

To prepare future policymakers, resources like Notes, Videos, and Syllabus offer structured learning aligned with government exams and academic pursuits. For visual learners, NCERT Mind Maps provide compact summaries of complex topics.

Institutions seeking to replicate this education-to-policy pipeline can consult external experts like Mart India Infotech for robust school websites and academic content management systems.

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Final Thoughts

The Prof Pulak Ghosh EAC-PM appointment is more than a career milestone — it’s a signal of change in how India approaches economic governance. As policymakers look to navigate uncertainties, voices from academia like Prof Ghosh will be central in ensuring decisions are driven by data, inclusive in spirit, and progressive in outlook.

India’s economic trajectory is set to benefit greatly from this convergence of intellect, insight, and intent.

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🔎 Frequently Asked Questions (FAQs)

1. What is the significance of Prof Pulak Ghosh EAC-PM appointment?
   It marks a major integration of academic expertise into national economic policymaking, strengthening the EAC-PM with data-driven insights.
2. Who is Prof Pulak Ghosh?
   He is a senior professor at IIM Bangalore and an expert in data analytics and economic policy, now appointed to the PM’s Economic Advisory Council.
3. What is the role of the EAC-PM?
   The Economic Advisory Council to the Prime Minister advises on India’s economic trends, policy frameworks, and long-term fiscal strategies.
4. Why was an IIM Bangalore professor chosen for EAC-PM?
   The government recognizes the value of academic leaders in guiding informed, research-backed policy decisions.
5. What qualifications does Prof Ghosh hold?
   He holds a Ph.D. in Statistics, has published widely in top journals, and brings both academic and practical expertise.
6. How will Prof Ghosh influence economic policy?
   By leveraging big data, analytics, and AI to improve decision-making processes in public policy and economic governance.
7. How does this appointment affect students?
   It highlights career paths in policy and analytics, motivating students to pursue research that impacts national strategies.
8. Are there other IIM professors in government advisory roles?
   Yes, several IIM faculty members have been involved in NITI Aayog, RBI committees, and state government panels.
9. How can students stay updated on such developments?
   Platforms like Current Affairs and Notes help students remain informed on government and academic news.
10. Where can one access study materials related to economic policy?
    Learners can find curated content on NCERT Courses, Videos, and Free Downloads.