Table of Contents
Finance Ministers of India
The Finance Minister of India is in charge of the Ministry of Finance, one of the top positions in the Union Cabinet. The annual Union Budget is something that the Finance Minister of India is tasked with preparing and presenting to Parliament each year. The Finance Minister of India is in charge of the government’s fiscal strategy.
The Ministry of Finance oversees the Union Budget, state and federal budgets, financial institutions, capital markets, taxation, and financial legislation. R. K. Shanmukham Chetty served as the nation of independent India’s first finance minister and delivered the nation’s first budget.
Read about: Cabinet Ministers of India
Finance Minister of India 2023 at Present
The first full-time female finance minister of India is Nirmala Sitharaman. Her first Union Budget and second under the NDA government were presented on July 5, 2019.
The Ministry of Finance now includes the department of public enterprises, which will continue to be led by Nirmala Sitharaman, the Finance Minister. In the most recent cabinet turnover, it was decided. The decision to include Department of Public Enterprises (DPE) in the FM is thought to be a step toward privatisation and more financial control over state-run businesses.
Read about: RBI Governors of India
List of Finance Ministers of India
Here’s complete Finance Ministers of India List:
Name | Term of office from start till service end | Prime Minister | |
Liaquat Ali Khan | 29 October 1946 | 14 August 1947 | Jawaharlal Nehru |
R. K. Shanmukham Chetty | 15 August 1947 | 17 August 1948 | Jawaharlal Nehru |
John Mathai | 22 September 1948 | 26 January 1950 | |
26 January 1950 | 6 May 1950 | ||
6 May 1950 | 1 June 1950 | ||
C. D. Deshmukh | 1 June 1950 | 13 May 1952 | |
13 May 1952 | 1 August 1956 | ||
Jawaharlal Nehru | 1 August 1956 | 30 August 1956 | |
T. T. Krishnamachari | 30 August 1956 | 17 April 1957 | |
17 April 1957 | 14 February 1958 | ||
Jawaharlal Nehru | 14 February 1958 | 22 March 1958 | |
Morarji Desai | 22 March 1958 | 10 April 1962 | |
10 April 1962 | 31 August 1963 | ||
T. T. Krishnamachari | 31 August 1963 | 31 December 1965 | Jawaharlal Nehru Lal Bahadur Shastri |
Sachindra Chaudhuri | 1 January 1966 | 11 January 1966 | Lal Bahadur Shastri Indira Gandhi |
11 January 1966 | 24 January 1966 | ||
24 January 1966 | 13 March 1967 | ||
Morarji Desai | 13 March 1967 | 16 July 1969 | Indira Gandhi |
Indira Gandhi | 16 July 1969 | 27 June 1970 | |
Yashwantrao B. Chavan | 27 June 1970 | 18 March 1971 | |
18 March 1971 | 10 October 1974 | ||
Chidambaram Subramaniam | 10 October 1974 | 24 March 1977 | |
Haribhai M. Patel | 26 March 1977 | 24 January 1979 | Morarji Desai |
Charan Singh | 24 January 1979 | 16 July 1979 | |
Hemvati Nandan Bahuguna | 28 July 1979 | 19 October 1979 | Charan Singh |
R. Venkataraman | 14 January 1980 | 15 January 1982 | Indira Gandhi |
Pranab Mukherjee | 15 January 1982 | 31 October 1984 | |
31 October 1984 | 31 December 1984 | ||
V. P. Singh | 31 December 1984 | 14 January 1985 | Rajiv Gandhi |
14 January 1985 | 30 March 1985 | ||
30 March 1985 | 25 September 1985 | ||
25 September 1985 | 24 January 1987 | ||
Rajiv Gandhi | 24 January 1987 | 25 July 1987 | |
N. D. Tiwari | 25 July 1987 | 25 June 1988 | |
Shankarrao B. Chavan | 25 June 1988 | 2 December 1989 | |
Madhu Dandavate | 5 December 1989 | 10 November 1990 | V. P. Singh |
Yashwant Sinha | 21 November 1990 | 21 June 1991 | Chandra Shekhar |
Manmohan Singh | 21 June 1991 | 16 May 1996 | P. V. Narasimha Rao |
Jaswant Singh | 16 May 1996 | 1 June 1996 | Atal Bihari Vajpayee |
P. Chidambaram | 1 June 1996 | 21 April 1997 | H. D. Deve Gowda |
I.K. Gujral | 21 April 1997 | 1 May 1997 | I. K. Gujral |
P. Chidambaram | 1 May 1997 | 19 March 1998 | |
Yashwant Sinha | 19 March 1998 | 13 October 1999 | Atal Bihari Vajpayee |
13 October 1999 | 1 July 2002 | ||
Jaswant Singh | 1 July 2002 | 22 May 2004 | |
P. Chidambaram | 23 May 2004 | 30 November 2008 | Manmohan Singh |
Manmohan Singh | 30 November 2008 | 24 January 2009 | |
Pranab Mukherjee | 24 January 2009 | 22 May 2009 | |
23 May 2009 | 26 June 2012 | ||
Manmohan Singh | 26 June 2012 | 31 July 2012 | |
P. Chidambaram | 31 July 2012 | 26 May 2014 | |
Arun Jaitley | 26 May 2014 | 30 May 2019 | Narendra Modi |
Nirmala Sitharaman | 31 May 2019 | Incumbent | Narendra Modi |
Read about: Governor General of India
Finance Minister of India FAQs
Q) Who is Current Finance Minister of India?
Ans. Nirmala Sitharaman is the current Finance Minister of India.
Q) What is the name of Finance Minister of India 2022?
Ans. Nirmala Sitharaman is the name of Finance Minister of India 2022.
Q) Who is the finance minister of India Quiz?
Ans. Nirmala Sitharaman is an Indian politician and a member of the Bharatiya Janata Party (BJP). She currently serves as the current (2021) Finance Minister of India.
Q) How many Ministry in India 2022?
Ans. There are 58 Union ministries and 93 departments in India.
Q) Who is education minister of India?
Ans. Shri Dharmendra Pradhan is education minister of India
Q) Who is the current education minister of India?
Ans. The current education minister is Dharmendra Pradhan, a member of the Council of Ministers. India had the Ministry of Education since 1947.
Major Incidents in Indian History
- Quit India Movement
- Chauri Chaura Incident
- Jallianwala Bagh Massacre
- Green Revolution in India
- Non-Cooperation Movement
Famous Personalities Biography
Mangal Pandey |
Maharana Pratap |
Rabindranath Tagore |
Bhagat Singh |
Jyotiba Phule |
Satyendra Nath Bose |
Raja Ram Mohan Roy |
Subhash Chandra Bose |