6 March 2025
In a noteworthy move, Shaktikanta Das, the former Reserve Bank of India (RBI) Governor, has been appointed as the Principal Secretary-2 to Prime Minister Narendra Modi. This appointment was sanctioned by the Appointments Committee of the Cabinet, indicating both confidence in Das’s capabilities and a strategic direction in governance. He is set to share responsibilities with the present Principal Secretary, Pramod Kumar Mishra.
Das’s selection is not an overnight decision but a culmination of over forty years of dedicated service in governance. With expertise ranging from finance and taxation to industries and infrastructure, Das has consistently demonstrated prowess in navigating complex economic landscapes. This makes him an invaluable asset in the role of supporting the Prime Minister.
Reflecting on his tenure as RBI Governor from December 2018 to December 2024, Das’s influence is evident in areas of economic stability and inflation control. During a turbulent period marked by the COVID-19 crisis, his leadership was pivotal in steering policies that mitigated economic downturns. His innovative strategies have been credited with maintaining a balanced approach to financial management amid global uncertainty.
Impact and Experience in Economic Policy
Prior to his stint at RBI, Das held vital positions including Secretary of Economic Affairs and Secretary of Revenue. During these roles, he played a crucial part in implementing the Goods and Services Tax (GST) and was integral to national budget preparation. His expertise has not only shaped domestic economic policies but has also positioned India strategically on financial matters in international forums.
His extensive involvement with international bodies such as the International Monetary Fund (IMF), G20, BRICS, and SAARC attests to his commitment to fostering global economic cooperation. The trust that PM Modi places in Das stems from this remarkable track record and aligns with the government’s ongoing focus on financial reforms and bilateral economic engagements.
Why This Appointment Matters
Das’s appointment as Principal Secretary aligns perfectly with the Indian government’s pursuit of economic reforms and its agenda on international economic dialogues. Having a seasoned figure like Das, with his vast connections and insights, will likely bolster India’s strategy in future economic planning and global financial arenas.
The job tenure is co-terminus with that of PM Modi, ensuring continuity in policy implementation and response to economic challenges. This alignment of roles is crucial, especially as India navigates an increasingly complex global economic landscape.
In the larger scheme of things, Shaktikanta Das’s new role underscores a commitment to strong economic governance and crisis management. It sends a clear message: that at the helm of India's economic policy-making, seasoned expertise and reliability remain paramount.
