We are here providing a list of the Finance Ministers of India since 1947. In which it describes the term and the party. This list will prove to be very important for you in the other examinations, including the bank examinations. Tell you that, The Minister of Finance or Finance Minister 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 presents the annual Union Budget (article 112) in Parliament.
The first finance minister of independent India was R. K. Shanmukham Chetty, who also presented its first Budget.
List of Finance Ministers of India since 1947–
The first finance minister of independent India was R. K. Shanmukham Chetty, who also presented its first Budget.
List of Finance Ministers of India since 1947–
No. | Finance Ministers | Term of office | Political Party |
1. | John Mathai (Interim Government) |
2 September 1946 to 29 October 1946
|
All-India Muslim League |
2. | Liaquat Ali Khan (Interim Government) | 29 October 1946 to 14 August 1947 | |
3. | R. K. Shanmukham Chetty (First Finance Minister of Independent India) | 15 August 1947 to 1949 | Indian National Congress |
4. | John Mathai | 1949 to 1950 | |
5. | C. D. Deshmukh | 29 May 1950 to 1957 | |
6. | T. T. Krishnamachari | 1957 to 13 February 1958 | |
7. | Jawaharlal Nehru | 13 February 1958 to 13 March 1958 | |
8. | Morarji Desai | 13 March 1958 to 29 August 1963 | |
9. | T. T. Krishnamachari | 29 August 1963 to 1965 | |
10. | Sachindra Chaudhuri | 1965 to 13 March 1967 | |
11. | Morarji Desai | 13 March 1967 to 16 July 1969 | |
12. | Indira Gandhi | 1970 to 1971 | |
13. | Yashwantrao Chavan | 1971 to 1975 | |
14. | Chidambaram Subramaniam | 1975 to 1977 | |
15. | Haribhai M. Patel | 24 March 1977 to 24 January 1979 | Janata Party |
16. | Charan Singh | 24 January 1979 to 28 July 1979 | |
17. | Hemvati Nandan Bahuguna | 28 July 1979 to 14 January 1980 | Janata Party (Secular) |
18. | R. Venkataraman | 14 January 1980 to 15 January 1982 | Indian National Congress |
19. | Pranab Mukherjee | 15 January 1982 to 31 December 1984 | |
20. | V. P. Singh | 31 December 1984 to 24 January 1987 | |
21. | Rajiv Gandhi | 24 January 1987 to 25 July 1987 | |
22. | N. D. Tiwari | 25 July 1987 to 25 June 1988 | |
23. | Shankarrao Chavan | 25 June 1988 to 2 December 1989 | |
24. | Madhu Dandavate | 2 December 1989 to 10 November 1990 | Janata Dal (National Front) |
25. |
Yashwant Sinha
|
10 November 1990 to 21 June 1991 | Samajwadi Janata Party (National Front) |
26. | Manmohan Singh | 21 June 1991 to 16 May 1996 | Indian National Congress |
27. |
Jaswant Singh
|
16 May 1996 to 1 June 1996 | Bharatiya Janata Party |
28. | P. Chidambaram | 1 June 1996 to 21 April 1997 | Tamil Maanila Congress (United Front) |
29. | I.K. Gujral | 21 April 1997 to 1 May 1997 | Janata Dal (United Front) |
30. | P. Chidambaram | 1 May 1997 to 19 March 1998 | Tamil Maanila Congress (United Front) |
31. | Yashwant Sinha32. | 19 March 1998 to 1 July 2002 | Bharatiya Janata Party (NDA) |
32. | Jaswant Singh | 1 July 2002 to 22 May 2004 | |
33. | P. Chidambaram | 22 May 2004 to 30 November 2008 | Indian National Congress (UPA) |
34. | Manmohan Singh | 30 November 2008 to 24 January 2009 | |
35. | Pranab Mukherjee | 24 January 2009 to 26 June 2012 | |
36. | Manmohan Singh | 26 June 2012 to 31 July 2012 | |
37. | P. Chidambaram | 31 July 2012 to 26 May 2014 | |
38. | Arun Jaitley | 26 May 2014 to 14 May 2018 | Bharatiya Janata Party (NDA) |
39. | Piyush Goyal (temporary additional charge) | 14 May 2018 to 22 August 2018 | |
40. |
Arun Jaitley
|
23 August 2018 to Incumbent |
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