Minister of Finance (India)

Minister of Finance
*Vitt Mantrī*
Minister of Finance; Vitt Mantrī
	Emblem of India
	Error creating thumbnail: File missingIncumbent; Nirmala Sitharaman; since 31 May 2019
	Ministry of Finance
Style	The Honourable
Abbreviation	FM
Member of	Cabinet; Cabinet Committee on Security
Appointer	President on the advice of the Prime Minister
Inaugural holder	R. K. Shanmukham Chetty
Formation	15 August 1947

The Minister of Finance (Vitt Mantrī ) (or simply, the Finance Minister, short form FM) is the head of the Ministry of Finance of the Government of India. One of the senior-most offices in the Union Cabinet, the finance minister is responsible for the fiscal policy of the government. As part of this, a key duty of the Finance Minister is to present the annual Union Budget in Parliament, which details the government's plan for taxation and spending in the coming financial year. Through the Budget, the finance minister also outlines the allocations to different ministries and departments. Occasionally, s/he is assisted by the Minister of State for Finance and the lower-ranked Deputy Minister of Finance.

There have been a number of Finance Ministers who went on to become the Prime Minister Morarji Desai, Charan Singh, Vishwanath Pratap Singh and Manmohan Singh and also to serve as the President like R.Venkataraman and Pranab Mukherjee. Several other Prime Ministers have since held the additional charge of finance ministry.

The current Finance Minister of India is Nirmala Sitharaman.

Lists of Finance Ministers

№	Name	Picture	Term of office		Length	Political party (Alliance)	Prime Minister
1	R. K. Shanmukham Chetty		15 August 1947^[1]	17 August 1948	2 years, 2 days	Indian National Congress	Jawaharlal Nehru
2	Jawaharlal Nehru	File:Jnehru.jpg	5 Feb 1949	05 April	36 days
3	John Mathai	Error creating thumbnail: File missing	22 September 1949	01 June 1950	252 days
4	C. D. Deshmukh	Error creating thumbnail: File missing	01 June 1950^[2]	24 July 1956	6 years, 53 days
(2)	Jawaharlal Nehru	File:Jnehru.jpg	24 July 1956	30 August 1956	37 days
5	T. T. Krishnamachari	Error creating thumbnail: File missing	30 August 1956	14 February 1958	1 year, 168 days
(2)	Jawaharlal Nehru	File:Jnehru.jpg	14 February 1958	22 March 1958	36 days
6	Morarji Desai	Error creating thumbnail: File missing	23 March 1958	31 August 1963	5 years, 161 days
(5)	T. T. Krishnamachari	Error creating thumbnail: File missing	31 August 1963	31 December 1965	2 years, 122 days		Jawaharlal Nehru Gulzarilal Nanda Lal Bahadur Shastri
7	Sachindra Chaudhuri	Error creating thumbnail: File missing	01 January 1966	12 March 1967	1 year, 70 days		Lal Bahadur Shastri Indira Gandhi
(6)	Morarji Desai	Error creating thumbnail: File missing	13 March 1967	16 July 1969	2 years, 125 days		Indira Gandhi
8	Indira Gandhi	Error creating thumbnail: File missing	16 July 1969	27 June 1970	346 days
9	Yashwantrao Chavan	Error creating thumbnail: File missing	27 June 1970	10 October 1974	4 years, 105 days
10	Chidambaram Subramaniam	Error creating thumbnail: File missing	10 October 1974	24 March 1977	2 years, 165 days
(6)	Morarji Desai	Error creating thumbnail: File missing	24 March 1977	26 March 1977	2 days	Janata Party	Morarji Desai
11	Hirubhai M. Patel		26 March 1977	24 January 1979	1 year, 304 days
12	Charan Singh	Error creating thumbnail: File missing	24 January 1979	16 July 1979	173 days
(6)	Morarji Desai	Error creating thumbnail: File missing	16 July 1979	28 July 1979	12 days
13	Hemwati Nandan Bahuguna	Error creating thumbnail: File missing	28 July 1979	19 October 1979	83 days	Janata Party (Secular)	Charan Singh
(12)	Charan Singh	Error creating thumbnail: File missing	19 October 1979	14 January 1980	87 days	Janata Party (Secular)	Charan Singh
14	R. Venkataraman	Error creating thumbnail: File missing	14 January 1980	15 January 1982	2 years, 1 day	Indian National Congress	Indira Gandhi
15	Pranab Mukherjee	Error creating thumbnail: File missing	15 January 1982	31 December 1984	2 years, 351 days		Indira Gandhi
16	V. P. Singh	Error creating thumbnail: File missing	31 December 1984	24 January 1987	2 years, 24 days		Rajiv Gandhi
17	Rajiv Gandhi		24 January 1987	25 July 1987	182 days
18	N. D. Tiwari	Error creating thumbnail: File missing	25 July 1987	25 June 1988	336 days
19	Shankarrao Chavan	Error creating thumbnail: File missing	25 June 1988	02 December 1989	1 year, 160 days
20	Madhu Dandavate		06 December 1989	10 November 1990	343 days	Janata Dal (National Front)	V. P. Singh
21	Yashwant Sinha	Error creating thumbnail: File missing	10 November 1990	21 June 1991	223 days	Samajwadi Janata Party (Rashtriya)	Chandra Shekhar
22	Manmohan Singh		21 June 1991	16 May 1996	4 years, 330 days	Indian National Congress	Pamulaparthi Venkata Narasimha Rao
23	Jaswant Singh		16 May 1996	1 June 1996	16 days	Bharatiya Janata Party	Atal Bihari Vajpayee
24	P. Chidambaram		1 June 1996	21 April 1997	324 days	Tamil Maanila Congress (United Front)	H. D. Deve Gowda
25	I. K. Gujral	Error creating thumbnail: File missing	21 April 1997	1 May 1997	10 days	Janata Dal (United Front)	I. K. Gujral
(24)	P. Chidambaram		1 May 1997	19 March 1998	322 days	Tamil Maanila Congress (United Front)	I. K. Gujral
(21)	Yashwant Sinha	Error creating thumbnail: File missing	19 March 1998	1 July 2002	4 years, 104 days	Bharatiya Janata Party (National Democratic Alliance)	Atal Bihari Vajpayee
(23)	Jaswant Singh		1 July 2002	22 May 2004	1 year, 326 days	Bharatiya Janata Party (National Democratic Alliance)	Atal Bihari Vajpayee
(24)	P. Chidambaram		22 May 2004	30 November 2008	4 years, 192 days	Indian National Congress (United Progressive Alliance)	Manmohan Singh
(22)	Manmohan Singh		30 November 2008	24 January 2009	55 days
(15)	Pranab Mukherjee	Error creating thumbnail: File missing	24 January 2009	26 June 2012	3 years, 154 days
(22)	Manmohan Singh		26 June 2012	31 July 2012	35 days
(24)	P. Chidambaram		31 July 2012	26 May 2014	1 year, 299 days
26	Arun Jaitley		26 May 2014	14 May 2018	3 years, 353 days	Bharatiya Janata Party (National Democratic Alliance)	Narendra Modi
27	Piyush Goyal	Error creating thumbnail: File missing	14 May 2018	22 August 2018	100 days
(26)	Arun Jaitley		23 August 2018	23 January 2019	153 days
(27)	Piyush Goyal	Error creating thumbnail: File missing	23 January 2019	15 February 2019	23 days
(26)	Arun Jaitley		16 February 2019	30 May 2019	103 days
28	Nirmala Sitharaman		30 May 2019	Present	7 years, 75 days

List of Ministers of State

Ministers of State of Finance
Minister of state	Portrait	Political party	Term		Days
Nirmala Sitharaman		Bharatiya Janata Party	26 May 2014	9 November 2014	167 days
Jayant Sinha	Error creating thumbnail: File missing		9 November 2014	5 July 2016	604 days
Santosh Gangwar			5 July 2016	3 September 2017	425 days
Arjun Ram Meghwal			5 July 2016	3 September 2017	425 days
Pon Radhakrishnan			3 September 2017	30 May 2019	634 days
Shiv Pratap Shukla	Error creating thumbnail: File missing		3 September 2017	30 May 2019	634 days
Anurag Thakur			30 May 2019	7 July 2021	769 days
Bhagwat Karad			7 July 2021	Incumbent	1863 days
Pankaj Choudhary			7 July 2021	Incumbent	1863 days

References

↑ "COUNCIL OF MINISTERS" (PDF).
↑ "Archived copy". Archived from the original on 22 September 2015. Retrieved 19 April 2016.{{cite web}}: CS1 maint: archived copy as title (link)

External links

Finance Ministry, Official website

[1] "COUNCIL OF MINISTERS" (PDF).

[2] "Archived copy". Archived from the original on 22 September 2015. Retrieved 19 April 2016.{{cite web}}: CS1 maint: archived copy as title (link)

[1]

[2]

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Minister of Finance Vitt Mantrī
Emblem of India
Error creating thumbnail: File missing Incumbent Nirmala Sitharaman since 31 May 2019
Ministry of Finance
Style	The Honourable
Abbreviation	FM
Member of	Cabinet Cabinet Committee on Security
Appointer	President on the advice of the Prime Minister
Inaugural holder	R. K. Shanmukham Chetty
Formation	15 August 1947