Business News/ Politics / Policy/  Surjit Bhalla quits Modi’s economic advisory council

New Delhi: Surjit Bhalla quit the Economic Advisory Council (EAC) to Prime Minister Narendra Modi earlier this month, he said on microblogging website Twitter on Tuesday.

Bhalla did not mention reasons for his leaving, but a government official who spoke on condition of anonymity said the economist wanted to join the media industry. In the same Twitter post about an election forecast article published in the Indian Express, Bhalla described his credentials as contributing editor, Indian Express, and consultant at Network18 Group. “I resigned as part-time member PMEAC on 1 December," said his post. The unnamed official quoted above said Bhalla’s resignation had been accepted.

Bhalla, who holds a PhD in economics from Princeton University, is also a senior analyst at the Observatory Group, a New York-based advisory firm. In his book ‘The New Wealth of Nations’ published last year, Bhalla argued that income inequality was declining in the world due to the spread of education.

Bhalla explained in a subsequent twitter post that he left the EAC because of other work commitments. “...I resigned from the EAC-PM and the reasons were also given - consultancy with CNN IBN and work on a book about Indian elections since 1952 and my resignation was effective 1 December when I joined CNN IBN," said Bhalla.

Gireesh Chandra Prasad
Gireesh has over 22 years of experience in business journalism covering diverse aspects of the economy, including finance, taxation, energy, aviation, corporate and bankruptcy laws, accounting and auditing.
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Updated: 11 Dec 2018, 12:39 PM IST
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