List of Finance Ministers of India: 1947 to 2023

Finance Ministers of India 2023

Latest Update: Finance Minister Nirmala Sitharaman will present the Budget for 2023-24 on February 1, 2023 and this will be her fifth Budget presentation today. Article 112 of the Indian Constitution envisages fixing of the annual budget in Parliament.

📡📡Watch LIVE 📡📡

Union Finance Minister Smt. @nsitharaman will present the Union Budget 2023-24 from Parliament tomorrow.

🗓️ February 1, 2023

⏱️ 11:00 am onwards

📺 https://t.co/lIyiWjV16Q@nsitharamanoffc @DDNewslive @airnewsalerts @PIB_India

— Ministry of Finance (@FinMinIndia)
January 31, 2023

Earlier the Union Budget was presented on the last working day of February, but the BJP government changed this tradition. From 2016 onwards, the Union Budget is presented on the first day of February so that it can materialize before the start of the new financial year in April.

The Ministry of Finance deals with matters of taxation, financial laws, financial institutions, capital markets, central and state finances, and the Union Budget. The first Finance Minister of independent India was RK Shanmukham Chetty, who also presented the first Budget.

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List of all Finance Ministers of India:

SN

Name

Term of office

political parties

Prime minister

first.

Liaquat Ali Khan

October 29, 1946

August 14, 1947

All India Muslim League

Jawaharlal Nehru(Vice Chairman of the Provisional Government)

2.

RK Shanmukham Chetty

August 15, 1947

August 17, 1948

Indian Parliament

Jawaharlal Nehru

3.

John Mathai

September 22, 1948

January 26, 1950

January 26, 1950

May 6, 1950

May 6, 1950

June 1, 1950

4.

CD Deshmukh

June 1, 1950

May 13, 1952

May 13, 1952

August 1, 1956

5.

Jawaharlal Nehru

August 1, 1956

August 30, 1956

6.

President Krishnamachari

August 30, 1956

April 17, 1957

April 17, 1957

February 14, 1958

7.

Jawaharlal Nehru

February 14, 1958

March 22, 1958

8.

Morarji Desai

March 22, 1958

April 10, 1962

April 10, 1962

August 31, 1963

9.

President Krishnamachari

August 31, 1963

December 31, 1965

Jawaharlal NehruLal Bahadur Shastri

ten.

Sachindra Chaudhuri

January 1, 1966

January 11, 1966

Lal Bahadur ShastriIndira Gandhi

January 11, 1966

January 24, 1966

January 24, 1966

March 13, 1967

11.

Morarji Desai

March 13, 1967

July 16, 1969

Indira Gandhi

twelfth.

Indira Gandhi

July 16, 1969

June 27, 1970

13.

Yashwantrao B. Chavan

June 27, 1970

March 18, 1971

March 18, 1971

October 10, 1974

14.

Chidambaram Subramaniam

October 10, 1974

March 24, 1977

15.

Haribhai M. Patel

March 26, 1977

January 24, 1979

Janata Party

Morarji Desai

16.

Charan Singh

January 24, 1979

July 16, 1979

17.

Hemvati Nandan Bahuguna

July 28, 1979

October 19, 1979

Janata Party (secular)

Charan Singh

18.

R. Venkataraman

January 14, 1980

January 15, 1982

Indian Parliament

Indira Gandhi

19.

Pranab Mukherjee

January 15, 1982

October 31, 1984

October 31, 1984

December 31, 1984

20.

VP Singh

December 31, 1984

January 14, 1985

Rajiv Gandhi

January 14, 1985

March 30, 1985

March 30, 1985

September 25, 1985

September 25, 1985

January 24, 1987

21.

Rajiv Gandhi

January 24, 1987

July 25, 1987

22.

ND Tiwari

July 25, 1987

June 25, 1988

23.

Shankarrao B. Chavan

June 25, 1988

December 2, 1989

24.

Madhu Dandavate

December 5, 1989

November 10, 1990

Janata Dal

(National Front)

VP Singh

25.

Yashwant Sinha

November 21, 1990

June 21, 1991

Samajwadi Janata Party (National Front)

Chandra Shekhar

26.

Manmohan singh

June 21, 1991

May 16, 1996

Indian Parliament

Reporter Narasimha Rao

27.

Jaswant Singh

May 16, 1996

June 1, 1996

Bharatiya Janata Party

Atal Bihari Vajpayee

28.

P. Chidambaram

June 1, 1996

April 21, 1997

Tamil Maanila Congress (United Front)

HD Deve Gowda

29.

IK Gujral

April 21, 1997

May 1, 1997

Janata Dal (United Front)

IK Gujral

30.

P. Chidambaram

May 1, 1997

March 19, 1998

Tamil Maanila Congress

(United Front)

thirty first.

Yashwant Sinha

March 19, 1998

October 13, 1999

Bharatiya Janata Party

(National Democratic Alliance)

Atal Bihari Vajpayee

October 13, 1999

July 1, 2002

32.

Jaswant Singh

July 1, 2002

May 22, 2004

33.

P. Chidambaram

May 23, 2004

November 30, 2008

Indian National Congress (United Progressive Alliance)

Manmohan singh

34.

Manmohan singh

November 30, 2008

January 24, 2009

35.

Pranab Mukherjee

January 24, 2009

May 22, 2009

May 23, 2009

June 26, 2012

36.

Manmohan singh

June 26, 2012

July 31, 2012

37.

P. Chidambaram

July 31, 2012

May 26, 2014

38.

Arun Jaitley

May 26, 2014

May 30, 2019

Bharatiya Janata Party

(National Democratic Alliance)

Narendra Modi

39.

Nirmala Sitharaman

May 31, 2019

incumbent

Bharatiya Janata Party

(National Democratic Alliance)

Narendra Modi

Nirmala Sitharaman is India’s first full-time female Finance Minister. If she completes her term, she will be the first Indian first lady to do so. On 5 July 2019, she presented her first Union Budget and the second budget of the NDA government.

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The public enterprises department has been merged under the Ministry of Finance and is still headed by Finance Minister Nirmala Sitharaman. It was decided in the most recent cabinet reshuffle. This move to bring DPE into FM is said to be a step towards privatization and financial influence on state-owned enterprises. Know more about Indian Finance Ministers below.

With the Minister @smritiirani and ministers were sworn in today. From left to right @DarshanaJardosh @PratimaBhoumik @ShobhaBJP @bharati_mp @M_Lekhi @AnupriyaSPatel @Annapurna4BJP

Grateful to the President @JPNadda for happily joining us. pic.twitter.com/ghoW6t7sTX

— Nirmala Sitharaman (@nsitharaman)
July 7, 2021

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