List of Finance Ministers of India: 1947 to 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 provides for Parliament to frame the annual budget.

📡📡 Watch LIVE 📡📡

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

🗓️ February 1, 2023

⏱️ 11.00 am onwards

📺 https://t.co/lIyiWjV16Q@nsitharamanoffc @DDNewslive @airnewsalerts @GDP_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 has changed this tradition. From 2016 onwards, the Union Budget is presented on the first day of February so that it can be materialized before the start of the new financial year in April.

The Ministry of Finance looks after taxes, financial legislation, 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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Budget 2023 today: time, expectations, when and where to watch live updates online and more

List of all Finance Ministers of India:

S.N.

Name

office term

Politic party

Prime Minister

1.

Liaquat Ali Khan

October 29, 1946

August 14, 1947

All India Muslim League

Jawaharlal Nehru (Vice President of the interim government)

2.

RK Shanmukham Chetty

August 15, 1947

August 17, 1948

Indian National Congress

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.

T. T. 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.

T. T. Krishnamachari

August 31, 1963

December 31, 1965

Jawaharlal NehruLal Bahadur Shastri

10.

Sachindra Chaudhuri

January 1, 1966

January 11, 1966

Lal Bahadur Shastri Indira Gandhi

January 11, 1966

January 24, 1966

January 24, 1966

March 13, 1967

eleven.

Morarji Desai

March 13, 1967

July 16, 1969

Indira Gandhi

12.

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

fifteen.

Haribhai M. Patel

March 26, 1977

January 24, 1979

Janata Festival

Morarji Desai

sixteen.

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 National Congress

Indira Gandhi

19.

Pranab Mukherjee

January 15, 1982

October 31, 1984

October 31, 1984

December 31, 1984

twenty.

Vice President 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

twenty-one.

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)

Vice President 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 National Congress

PV 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)

31.

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

3. 4.

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

Headline

Bharatiya Janata Party

(National Democratic Alliance)

Narendra Modi

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

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The public enterprises department has been brought under the Finance Ministry, which will continue to be headed by Finance Minister Nirmala Sitharaman. It was decided in the latest cabinet reshuffle. This move to include DPE in the FM is said to be a step towards privatization and financial influence over state-owned enterprises. Learn more about the Finance Ministers of India below.

with the minister @smritiirani and the ministers who took the oath today. From left to right @DarshanaJardosh @PratimaBhoumik @ShobhaBJP @bharati_mp @M_Lekhi @AnupriyaSPatel @Annapurna4BJP

Grateful to the National President @JPNadda for graciously accompanying us. pic.twitter.com/ghoW6t7sTX

– Nirmala Sitharaman (@nsitharaman)
July 7, 2021

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