List Of Finance Ministers Of India 1947 to 2022: India has had as many as 34 finance ministers Since 1945. And, many of them worked hard to shape India’s economy which we see today.
The story of India’s evolution as a major economic power is an interesting saga intertwined with political happenings. While three Prime Ministers held the coveted portfolio of Finance, only four ministers presented more than five budgets.
Since 1945, India has had 34 Finance Ministers and there have been tenures when the country was headed by an acting Minister of Finance.
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Below Is The Complete List(Newest To The Oldest) Of Finance Ministers(FMs) Of India:
S.No | Year | Finance Minister (Shri / Smt) |
---|---|---|
1 | 2019 | Srimati Nirmala Sitharaman |
2 | 2014 | Shri Arun Jaitley |
3 | 2012-2014 | P. Chidambaram |
4 | 2009-2012 | Pranab Mukherjee |
5 | 2004-08 | P. Chidambaram |
6 | 2002-04 | Jaswant Singh |
7 | 1998-02 | Yaswant Sinha |
8 | 1996-98 | P. Chidambaram |
9 | 1996 | Jaswant Singh |
10 | 1991-96 | Dr. Manmohan Singh |
11 | 1990-91 | Yashwant Sinha |
12 | 1989-90 | Madhu Dandavate |
13 | 1988-89 | S.B. Chavan |
14 | 1987-88 | N.D. Tiwari |
15 | 1987 | Rajiv Gandhi, P.M. |
16 | 1984-86 | V.P. Singh |
17 | 1982-84 | Pranab Mukherjee |
18 | 1980-82 | R. Venkataraman |
19 | 1979 | H.N. Bahuguna |
20 | 1979 | Charan Singh, Dy. P.M. |
21 | 1977-78 | H.M. Patel |
22 | 1975-77 | C. Subramanian |
23 | 1971-74 | Y.B. Chavan |
24 | 1969-70 | Smt. Indira Gandhi, P.M. |
25 | 1967-69 | Morarji R. Desai, Dy. P.M. |
26 | 1966-67 | Sachin Choudhury |
27 | 1964-65 | T.T. Krishnamachari |
28 | 1959-64 | Morarji R. Desai |
29 | 1958-59 | Jawahar Lal Nehru, P.M. |
30 | 1957-58 | T.T. Krishnamachari |
31 | 1951-57 | Dr. C.D. Deshmukh |
32 | 1950-51 | Dr. John Mathai |
33 | 1947-49 | R.K. Shanmukham Chetty |
34 | 1947 | Liaquat Ali Khan |
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When the Indian political leadership asked the Muslim League to send its nominees for representation in the interim government, Liaquat Ali was asked to lead the League group in the Union Cabinet. He was assigned the finance portfolio by the first Indian Prime Minister Pandit Jawahar Lal Nehru.
Rajiv Gandhi presented the budget for 1987-88. He was the third Prime Minister to present a budget after his mother, and grand father.
Manmohan Singh served as the governor of the Reserve Bank of India in the late 1980s, and was given the portfoilo of finance in 1991 by Prime Minister Narasimha Rao.
- Finance Minister Nirmala Sitharaman presented her first Union Budget on July 5, 2019.
- She holds the full-time office as the Finance Minister and if she completes her term of office as mentioned in the constitution, she would become the first Indian lady finance minister to do so.
FM Nirmala Sitharaman scheduled to present her fifth straight Budget on February 1. 2023.
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