LIST OF FINANCE MINISTERS OF INDIA (1947 – PRESENT)
R.K. SHANMUKHAM CHETTY:-
TERM:-
15 AUGUST 1947 – 30 NOVEMBER 1947
INDIA’S FIRST FINANCE MINISTER AFTER INDEPENDENCE.
JOHN MATHAI:-+
TERM:-
30 NOVEMBER 1947 – 10 OCTOBER 1949
FIRST INDIAN FINANCE MINISTER TO PRESENT THE UNION BUDGET.
SIR GHULAM MOHAMMED:-
TERM:-
10 OCTOBER 1949 – 6 FEBRUARY 1950
WAS ALSO THE LAST FINANCE MINISTER UNDER BRITISH RULE AND SERVED BRIEFLY POST-INDEPENDENCE.
M. C. CHAGLA:-
TERM:-
6 FEBRUARY 1950 – 24 AUGUST 1951
SERVED FOR A BRIEF PERIOD BEFORE MOVING ON TO THE MINISTRY OF EXTERNAL AFFAIRS.
JAWAHARLAL NEHRU (UNDER PM ROLE):-
TERM:-
24 AUGUST 1951 – 1956
THOUGH PRIMARILY PM, NEHRU TOOK OVER THE FINANCE PORTFOLIO DUE TO THE UNAVAILABILITY OF A DEDICATED FM.
T.T. KRISHNAMACHARI:-
TERM:-
1956 – 1963
PLAYED A MAJOR ROLE IN FRAMING INDIA’S FIRST FIVE-YEAR PLANS.
MORAJI DESAI:-
TERM:-
1963 – 1966
KNOWN FOR HIS STRICT FINANCIAL POLICIES AND LATER BECOMING INDIA’S PM.
INDIRA GANDHI (FINANCE MINISTER DURING PM ROLE):-
TERM:-
1966 – 1969
TOOK CHARGE OF THE FINANCE PORTFOLIO DURING HER TENURE AS PRIME MINISTER.
RAJ BAHADUR:-
TERM:-
1969 – 1970
KNOWN FOR HIS FISCAL MEASURES IN A CHALLENGING ECONOMIC ENVIRONMENT.
SHIVRAJ PATIL:-
TERM:-
1970 – 1971
SERVED BRIEFLY IN THE EARLY 1970S.
INDIRA GANDHI (REAPPOINTED):-
TERM:-
1971 – 1977
ONCE AGAIN HANDLED THE FINANCE PORTFOLIO DURING HER PM ROLE.
H.N. BAHUGUNA:-
TERM:-
1977 – 1979
A KEY PLAYER IN INDIA’S ECONOMIC AND SOCIAL POLICIES.
SHANKER DAYAL SHARMA:-
TERM: 1979 – 1980
PLAYED A PIVOTAL ROLE DURING THE INDIAN ECONOMY’S RECOVERY PHASE.
INDIRA GANDHI (REAPPOINTED):-
TERM:-
1980 – 1984
TOOK THE FINANCE PORTFOLIO ONCE AGAIN AFTER RETURNING TO POWER.
VISHWANATH PRATAP SINGH:-
TERM:-
1984 – 1987
V.P. SINGH, LATER A PRIME MINISTER, MANAGED FISCAL MATTERS AND REFORMS.
SHANKER DAYAL SHARMA (AGAIN):-
TERM:-
1987 – 1989
HE CONTINUED IMPORTANT ECONOMIC POLICIES IN THE LATE 1980S.
YASHWANT SINHA:-
TERM:-
1990 – 1991
INTRODUCED IMPORTANT FINANCIAL REFORMS, BUT RESIGNED AMID POLITICAL INSTABILITY.
MANMOHAN SINGH:-
TERM:-
1991 – 1996
ONE OF THE MOST FAMOUS FINANCE MINISTERS IN INDIA, INSTRUMENTAL IN INDIA’S ECONOMIC LIBERALIZATION AND REFORMS.
P. CHIDAMBARAM:-
TERM:-
1996 – 1998
PLAYED A CRITICAL ROLE IN TAX REFORMS AND STRENGTHENING INDIA’S FINANCIAL INFRASTRUCTURE.
YASHWANT SINHA (REAPPOINTED):-
TERM:-
1998 – 2002
UNDER HIS TENURE, INDIA’S ECONOMIC GROWTH ACCELERATED AND THE GST IDEA STARTED EMERGING.
P. CHIDAMBARAM (REAPPOINTED):-
TERM:-
2004 – 2008
INTRODUCED SEVERAL REFORMS AND WORKED ON ECONOMIC LIBERALIZATION POLICIES.
PRANAB MUKHERJEE:-
TERM:-
2009 – 2012
PLAYED A VITAL ROLE IN SHAPING INDIA’S FISCAL AND FINANCIAL POLICIES.
P. CHIDAMBARAM (REAPPOINTED):-
TERM:-
2012 – 2014
HIS TENURE WAS MARKED BY ADDRESSING FISCAL DEFICIT AND KEY TAX REFORMS.
ARUN JAITLEY:-
TERM:-
2014 – 2019
INTRODUCED THE GOODS AND SERVICES TAX (GST) AND IMPLEMENTED KEY ECONOMIC REFORMS UNDER THE MODI GOVERNMENT.
NIRMALA SITHARAMAN:-
TERM:
2019 – PRESENT
INDIA’S FIRST FULL-TIME FEMALE FINANCE MINISTER, RESPONSIBLE FOR THE 2019 BUDGET AND SIGNIFICANT REFORMS IN THE POST-COVID ERA, INCLUDING ECONOMIC STIMULUS PACKAGES.
THANKS.
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