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last mo.

S Mahendra Dev Appointed Full-Time Chairman of Economic Advisory Council to Prime Minister

His resignation from Axis Bank clears the way for him to lead economic counsel on agriculture and rural issues during a US tariff dispute.

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Overview

  • Prof S Mahendra Dev took charge as chairman on Friday, succeeding NITI Aayog vice-chairman Suman Bery who had led the council in the interim.
  • He resigned from his post as an independent director at Axis Bank effective June 5 to commit fully to his new role.
  • His two-year tenure marks the first full-time leadership of the Economic Advisory Council since Bibek Debroy’s passing last November.
  • Dev brings deep expertise in agriculture and rural economy from roles including vice-chancellor of IGIDR and editor of the Economic and Political Weekly.
  • The council will guide the prime minister on economic strategies during a US-triggered tariff dispute as India pursues developed-country status by 2047.