New Delhi: Niti Aayog, India’s main policy think tank, is looking to hire a chief economist, a first of its kind hiring by the institution.
Since its inception in 2015, the body has only had prominent economists like Rajiv Kumar, Arvind Panagariya and Bibek Debroy occupying positions such as vice chairman and member. While Rajiv Kumar succeeded Arvind Panagariya as vice chairman, Bibek Debroy was a member till last year.
“NITI Aayog is looking for an experienced, talented, innovative, and dynamic Professional who desires to be a part of the team that is scripting the exciting transformation story which is unfolding in India today,” it said in the job posting on its website.
The Facebook post by Niti Aayog sought an applicant who could “shape the investment outlook of the country”.
The hunt comes at a time the Indian economy is headed towards one of the worst growth contractions seen in decades given that the Covid-19 pandemic has adversely impacted many sectors in the services and manufacturing space.
The chief economist will be hired on a three-year contract that is extendable by two years. The job comes with a Rs 3.3 lakh per month pay check without any perks such as a residential accommodation, official transport and leave encashment, the ad further said.
— NITI Aayog (@NITIAayog) July 19, 2020
What the job entails
According to the job description, the economist will lead research related to the current macro-economics, financial sector and investment outlook of the country. The chief economist will also be tasked with providing forward looking economic policy advice and help build consensus among stakeholders for economic reforms. The candidate will also examine all matters relating to the finance ministry and other financial sector regulators like Reserve Bank of India (RBI) and Securities Exchange Board of India (SEBI).
Applicants should have 18 years of experience and a minimum qualification of a doctorate in economics. Work experience should include the fields of macro-economics, development economics, fiscal management, statistics or finance.
Officials from other central government ministries will be allowed to apply on the basis of deputation, said the advertisement. Potential candidates have been given 45 days to apply.
Niti Aayog was set up in January 2015 to replace the Planning Commission as a policy making body. It has so far brought out long term recommendations across various sectors like agriculture and renewable energy and on strategic sale of public sector enterprises.