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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14
Ashok Lahiri to be new VC of NITI, 4 new members also app...
2026-04-25 · via Economy News, Latest Economic News Today | The HinduBusinessLine

Prime Minister Narendra Modi has reconstituted NITI (National Institution of Transforming India) with the appointment of noted economist Ashok Lahiri as Vice-Chairman and four new full-time members. Former Cabinet Secretary Rajiv Gauba has been retained as a full-time member.

Prime Minister is ex officio chairman of NITI.

Lahiri will replace Suman Berry and his appointment will be valid from the date of assumption of charge and until further orders. There is no fixed term for the Vice-Chairman. As on date Lahiri is an outgoing MLA in the West Bengal assembly. Elected on a BJP ticket, he represents Balurghat (Dakshin Dinajpur) assembly constituency.

Lahiri, a well-known economist, served as member of the 15th Finance Commission. Earlier, he worked as as 12th Chief Economic Adviser to the Government of India, reader at the Delhi School of Economics (DSE), Chairman of Bandhan Bank, Executive Director of the Asian Development Bank, and Director of the National Institute of Public Finance and Policy (NIPFP). He has had stints with the World Bank and the International Monetary Fund (IMF), as a Consultant and Senior Economist, respectively.

Apart from Lahiri, the four new members include K V Raju, Gobardhan Das, Abhay Karandikar and M Srinivas. Raju is currently part-time Member of the Economic Advisory Council to the Prime Minister. Also, he is working as the Economic Advisor to the UP government. Earlier, he worked as Economic Advisor to the Karnataka Chief Minister. He was earlier consultant to the World Bank, Asian Development Bank and SIDA.

Das is the Director of the Indian Institute of Science Education and Research Bhopal (IISER Bhopal). Prior to assuming this position, he   worked as a Professor and Chair of the Special Centre for Molecular Medicine at Jawaharlal Nehru University. He also holds honorary positions as Adjunct Professor, Houston Methodist Research Institute, Houston, USA, and Adjunct Professor, Shoochow University, Suzhou, China. He has previously served as visiting Professor in many renowned universities across the world.

Karandikar is currently Secretary, Department of Science & Technology (DST). Before joining DST in October 2023, he served as the Director, IIT. He also served as Dean (Faculty Affairs) and Head of the Electrical Engineering Department at IIT Bombay. He spearheaded a national effort in setting up the Telecom Standards Development Society of India (TSDSI), India‘s standards body for telecom, with the participation of all stakeholders. Prof Karandikar was the founding member and former Chairman of TSDSI. He was also Member (Part-Time) of the Telecom Regulatory Authority of India (TRAI).

Srinivas is the Director of AIIMS. He joined AIIMS in 1994 and ascended the academic ladder to become Professor of Paediatric Surgery in 2011. He has authored around 200 research papers and has trained thousands of undergraduate and postgraduate medical students. His administrative experience includes development of new medical colleges under the ESI Corporation and has contributed to initiation of more than 10 new medical colleges and starting post graduate and super speciality courses in these institutes. He is a distinguished member of 15 professional organisations.

Published on April 25, 2026