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Chief Minister's Economic Advisory Council (CM-EAC) Constituted | Finance Department, Odisha

Chief Minister's Economic Advisory Council (CM-EAC) Constituted | Finance Department, Odisha
Chief Minister's Economic Advisory Council Odisha

CHIEF MINISTER'S ECONOMIC ADVISORY COUNCIL (CM-EAC) CONSTITUTED

Finance Department, Government of Odisha – Notification No. 25096/F, Dated 25.09.2026
Notification No. 25096/F, Dtd. 25.09.2026
Issuing Authority Finance Department, Govt. of Odisha
Tenure of Members 2 Years
Effective From With Immediate Effect

Samruddha Odisha 2036

USD 500 Billion
Economy target

Vikshit Odisha 2047

USD 1.5 Trillion
Economy target

Expert Members

07 Experts
+ Ex-officio Members

Meeting Frequency

Once in 6 Months
Ordinarily

Background & Purpose

  • Vision: In pursuance of the Government's vision to transform Odisha into a 'Samruddha Odisha' (USD 500 Billion economy) by 2036 and a 'Vikshit Odisha' (USD 1.5 Trillion economy) by 2047.
  • Objective: To strengthen evidence-based policymaking, enhance fiscal prudence, and provide strategic guidance on the State's long-term economic development.
  • Constitution: The Government is pleased to constitute the Chief Minister's Economic Advisory Council (CM-EAC) with immediate effect.
  • Role: The Council shall function as an independent advisory body to provide forward-looking, data-driven and evidence-based policy advice to the Chief Minister on matters relating to economic growth, public finance, investment, employment, technological transformation and sustainable development.

Composition of the Council

1
Dr. Jugal Kishore Mohapatra
Former Chief Secretary, Government of Odisha
Expert Member
2
Shri Santosh Kumar Mohapatra
Former Chairman, Paradip Port Authority
Expert Member
3
Dr. Shobhana Kumar Pattanayak
Former Secretary, Agriculture & Farmers' Welfare, Government of India
Expert Member (Agriculture)
4
Sri Arbind Modi
Former Senior Economist at the IMF, Fiscal Affairs Department
Expert Member (Tax)
5
Dr. Deepak Mishra
Distinguished Visiting Professor, ICRIER, New Delhi and Honorary Distinguished Professor, Delhi University
Expert Member
6
Prof. Srijit Mishra
Professor, School of Economics, University of Hyderabad
Expert Member
7
Shri Pratyush Kumar
Co-founder & Chief Executive Officer, Sarvam AI
Expert Member
Chief Secretary to Government
Government of Odisha
Ex-officio Member
Development Commissioner-cum-Additional Chief Secretary
Government of Odisha
Ex-officio Member
Principal Secretary to Government
Finance Department, Government of Odisha
Member-Secretary
Director (Budget)
Finance Department, Government of Odisha
Convenor
Tenure: The Expert Members shall hold office for a period of two years from the date of issue of this Notification or until further orders, whichever is earlier.

Terms of Reference

  • Macroeconomic Developments: Advise the Government on issues related to global, national and state-level macroeconomic developments and assess their implications for Odisha's economy.
  • Policy Reforms in Emerging Areas: Recommend policy reforms and innovative approaches in emerging areas such as artificial intelligence, digital economy, green energy transition, blue economy, climate resilience, and technology-driven governance.
  • Sustainable & Inclusive Growth: Recommend policy measures to accelerate sustainable and inclusive economic growth, industrialization, investment promotion, employment generation, and enhancement of the State's competitiveness.
  • Vision 2036 & Vision 2047: Suggest strategies for achieving the State's Vision 2036 and Vision 2047, including expansion of the non-farm economy, MSME development, industrial clustering, skill development and human capital enhancement.
  • Other Functions: Perform such other functions as may be assigned by the Chief Minister from time to time.

Secretariat & Honorarium

  • Meetings: The Council shall ordinarily meet at least once every six months.
  • Secretariat: The Finance Department shall function as the Secretariat to the Council and provide all necessary administrative, technical and logistical support for its effective functioning.
  • Special Invitees: The Council may invite domain experts, representatives of Government Departments, academic institutions, industry bodies or other organizations as Special Invitees for deliberations on specific agenda items.
  • Honorarium: The Expert Members will serve in an honorary capacity unless otherwise decided by the Government. They shall be entitled to such travelling allowance, sitting fee and other facilities as may be prescribed separately by the Government.
  • Interpretation: In case of any doubt relating to the interpretation or implementation of this Notification, the decision of the Government in Finance Department shall be final.
  • Commencement: This Notification shall come into force with immediate effect.

Important Points to Note

  • Council Constituted: The Chief Minister's Economic Advisory Council (CM-EAC) has been constituted by the Finance Department, Odisha.
  • Vision Targets: Samruddha Odisha (USD 500 Billion economy) by 2036 and Vikshit Odisha (USD 1.5 Trillion economy) by 2047.
  • Role: Independent advisory body providing forward-looking, data-driven, evidence-based policy advice to the Chief Minister.
  • Expert Members: 7 distinguished experts from economics, agriculture, taxation, AI, and public administration.
  • Ex-officio Members: Chief Secretary and Development Commissioner-cum-Additional Chief Secretary.
  • Member-Secretary: Principal Secretary to Government, Finance Department.
  • Convenor: Director (Budget), Finance Department.
  • Tenure: 2 years from date of issue or until further orders, whichever is earlier.
  • Meetings: Ordinarily at least once every six months.
  • Secretariat: Finance Department shall function as the Secretariat.
  • Honorarium: Expert Members serve in honorary capacity; TA, sitting fee and other facilities as prescribed separately.
  • Effective: With immediate effect from 25.09.2026.

Download the Official Notification or share this update:

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Frequently Asked Questions

What is the Chief Minister's Economic Advisory Council (CM-EAC)?
The CM-EAC is an independent advisory body constituted by the Finance Department, Government of Odisha, to provide forward-looking, data-driven and evidence-based policy advice to the Chief Minister on economic growth, public finance, investment, employment, technological transformation and sustainable development.
Why has the CM-EAC been constituted?
The Council has been constituted to support the Government's vision of transforming Odisha into a 'Samruddha Odisha' (USD 500 Billion economy) by 2036 and a 'Vikshit Odisha' (USD 1.5 Trillion economy) by 2047, and to strengthen evidence-based policymaking and fiscal prudence.
Who are the Expert Members of the Council?
The Expert Members are: Dr. Jugal Kishore Mohapatra, Shri Santosh Kumar Mohapatra, Dr. Shobhana Kumar Pattanayak, Sri Arbind Modi, Dr. Deepak Mishra, Prof. Srijit Mishra, and Shri Pratyush Kumar.
Who are the Ex-officio Members?
The Ex-officio Members are the Chief Secretary to Government and the Development Commissioner-cum-Additional Chief Secretary to Government.
Who is the Member-Secretary and Convenor?
The Principal Secretary to Government, Finance Department is the Member-Secretary, and the Director (Budget) is the Convenor of the Council.
What is the tenure of the Expert Members?
The Expert Members shall hold office for a period of two years from the date of issue of the Notification or until further orders, whichever is earlier.
What are the Terms of Reference of the Council?
The Council shall: (i) advise on macroeconomic developments; (ii) recommend policy reforms in emerging areas like AI, digital economy, green energy, blue economy, climate resilience; (iii) recommend measures for sustainable and inclusive growth; (iv) suggest strategies for Vision 2036 and Vision 2047; and (v) perform other functions assigned by the Chief Minister.
How often will the Council meet?
The Council shall ordinarily meet at least once every six months. The Finance Department shall function as the Secretariat.
Will the Expert Members receive any remuneration?
The Expert Members will serve in an honorary capacity unless otherwise decided by the Government. They shall be entitled to travelling allowance, sitting fee and other facilities as may be prescribed separately.
When does the Notification come into force?
The Notification shall come into force with immediate effect from the date of issue, i.e., 25th September 2026.
Who issued this Notification?
The Notification has been issued by the Principal Secretary to Government, Finance Department, by order of the Governor. Copies have been forwarded to the Private Secretary to the Hon'ble Chief Minister, Chief Secretary, Development Commissioner, and all Departments of Government.