List of Finance ministers of India – Banking Awareness

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List of Finance ministers of India – Banking Awareness for IBPS

List of Finance ministers of India

Finance Minister or the Minister of Finance is the head of the Ministry of Finance of the government of India. The Finance minister is responsible for the fiscal policy of the government. The Finance minister is also responsible for the annual Union Budget in Parliament. Finance Minister is assisted by the Minister of State for Finance and the Deputy Minister of Finance. Till Date, India has had 23 Finance Ministers

Arun Jaitley currently serves as the Finance minister of India and is from the Bharatiya Janata Party. Jaitley has held office from 26 May 2014. The maximum number of budgets have been presented till date by Morarji Desai, who presented 10 budgets.

P. Chidambaram presented 9 budgets, while Pranab Mukherjee presented 8 budgets. Yashwant Sinha, Yahswantrao Chavan and C.D. Deshmukh presented 7 budgets. Manmohan Singh and T.T. Krishnamachari presented 6 budgets.

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Name of the Finance Minister

Term of Office

Position

R.K.Shanmukham Chetty

1947-1949

First Finance Minister of India

John Mathai

1949-1951

2nd Finance Minister of India

Chintamanrao Deshmukh

1951-1957

3rd Finance Minister of India

Jawaharlal Nehru

1958-1959

4th Finance Minister of India

T.T.Krishnamachari

1964-1965, 1957-1958

5th Finance Minister of India

Morarji Desai

1959-1964, 1967-1970

6th Finance Minister of India

Indira Gandhi

1970-1971

7th Finance Minister of India

Yashwantrao Chavan

1971-1975

8th Finance Minister of India

C.Subramaniam

1975-1977

9th Finance Minister of India

H. M. Patel

1977-1979

10th Finance Minister of India

Choudhary Charan Singh

1979-1980

11th Finance Minister of India

Ramaswamy Venkataraman

1980-1982

12th Finance Minister of India

V. P. Singh

1985-1987

13th Finance Minister of India

Rajiv Gandhi

1987-1988

14th Finance Minister of India

N.D.Tiwari

1988-1989

15th Finance Minister of India

S.B.Chavan

1989-1990

16th Finance Minister of India

Madhu Dandavate

1990-1991

17th Finance Minister of India

Yashwant Sinha

1991-1992, 1998-2003

18th Finance Minister of India

Jaswant Singh

2003-2005

19th Finance Minister of India

Manmohan Singh

1991-1997, Dec 2008-Jan 2009

20th Finance Minister of India

Pranab Mukherjee

1982-1985, Feb 2009-May 2009, May 2009-June 2012

21st Finance Minister of India

P. Chidambaram

1996-1997, May 2004-Nov 2009, July 2012-Apr 2014

22nd Finance Minister of India

Arun Jaitley

May 2014 – Present

23rd Finance Minister of India

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