Stories
Odisha Forms 11-Member Economic Advisory Council to Boost State's Growth
- •The Odisha government has established the Chief Minister’s Economic Advisory Council (CM-EAC) to enhance evidence-based policymaking and provide strategic guidance for the state’s long-term economic development.
- •The independent 11-member council will advise the CM on economic growth, public finance, investment, employment, technological transformation, and sustainable development.
- •CM-EAC aims to transform Odisha into a ‘Samruddha Odisha’ (USD 500 Billion economy) by 2036 and a ‘Vikshit Odisha’ (USD 1.5 Trillion economy) by 2047.
- •The council will recommend policy reforms in emerging areas like AI, digital economy, green energy transition, and climate resilience, and advise on accelerating sustainable economic growth and industrialization.
- •Expert members include Dr Jugal Kishore Mohapatra, Santosh Kumar Mohapatra, and Arbind Modi, with the council meeting at least once every six months.
Key Questions Answered
The Odisha government constituted the 11-member Chief Minister's Economic Advisory Council (CM-EAC) to strengthen evidence-based policymaking, enhance fiscal prudence, and provide strategic guidance on long-term economic development. The independent body advises the chief minister on growth, public finance, investment, employment, technological transformation, and sustainable development to help transform Odisha into a USD 500 Billion economy by 2036 and a USD 1.5 Trillion economy by 2047.
The 11-member council comprises seven expert members, two administrative ex-officio members (the chief secretary and the development commissioner-cum-additional chief secretary), and the principal secretary of the finance department who acts as the member-secretary. The expert members serve a term of two years or until further orders, whichever is earlier. Notable expert members include Dr. Jugal Kishore Mohapatra, Santosh Kumar Mohapatra, and Arbind Modi.
The council meets at least once every six months and may invite domain experts, department representatives, academic institutions, or industry bodies as special invitees. Its advisory scope covers macroeconomic developments, policy reforms in emerging fields like artificial intelligence and green energy, industrialization, MSME development, skill enhancement, and strategies to achieve the state's vision targets.
