Complete List of Finance Ministers of India
The Finance Minister of India plays a crucial role in shaping the country's economy, overseeing the Union Budget, taxation, and financial policies. Here’s a complete list of India’s Finance Ministers, from the first to the current leader.
Here is a list of the Finance Ministers of India from its formation in 1947 to the present in 2025:
Name | Duration | Political Party |
Nirmala Sitharaman | 31-May-2019 to Present | Bharatiya Janata Party |
Arun Jaitley | 26-May-2014 to 30-May-2019 | Bharatiya Janata Party |
Pranab Mukherjee | 24-January-2009 to 26-June-2012 | Indian National Congress |
Manmohan Singh | 30-November-2008 to 31-July-2012 | Indian National Congress |
P. Chidambaram | 23-May-2004 to 26-May-2014 | Indian National Congress |
Jaswant Singh | 01-July-2002 to 22-May-2004 | Bharatiya Janata Party |
Yashwant Sinha | 19-March-1998 to 22-May-2004 | Bharatiya Janata Party |
I.K. Gujral | 21-April-1997 to 01-May-1997 | Janata Dal (United Front) |
P. Chidambaram | 01-June-1996 to 19-March-1998 | Tamil Maanila Congress (United Front) |
Jaswant Singh | 16-May-1996 to 01-June-1996 | Bharatiya Janata Party |
Manmohan Singh | 21-June-1991 to 16-May-1996 | Indian National Congress |
Yashwant Sinha | 21-November-1990 to 21-June-1991 | Samajwadi Janata Party (National Front) |
Madhu Dandavate | 05-December-1989 to 10-November-1990 | Janata Dal (National Front) |
Shankarrao B. Chavan | 25-June-1988 to 02-December-1989 | Indian National Congress |
N. D. Tiwari | 25-July-1987 to 25-June-1988 | Indian National Congress |
Rajiv Gandhi | 24-January-1987 to 25-July-1987 | Indian National Congress |
V. P. Singh | 31-December-1984 to 24-January-1987 | Indian National Congress |
Pranab Mukherjee | 15-January-1982 to 31-December-1984 | Indian National Congress |
R. Venkataraman | 14-January-1980 to 15-January-1982 | Indian National Congress |
Hemvati Nandan Bahuguna | 28-July-1979 to 19-October-1979 | Janata Party (Secular) |
Charan Singh | 24-January-1979 to 16-July-1979 | Janata Party |
Haribhai M. Patel | 26-March-1977 to 24-January-1979 | Janata Party |
Chidambaram Subramaniam | 10-October-1974 to 24-March-1977 | Indian National Congress |
Yashwantrao B. Chavan | 27-June-1970 to 10-October-1974 | Indian National Congress |
Indira Gandhi | 16-July-1969 to 27-June-1970 | Indian National Congress |
Morarji Desai | 13-March-1967 to 16-July-1969 | Indian National Congress |
Sachindra Chaudhuri | 01-January-1966 to 13-March-1967 | Indian National Congress |
T. T. Krishnamachari | 30-August-1956 to 31-December-1965 | Indian National Congress |
Jawaharlal Nehru | 01-August-1956 to 30-August-1956 | Indian National Congress |
C. D. Deshmukh | 01-June-1950 to 01-August-1956 | Indian National Congress |
John Mathai | 22-September-1948 to 01-June-1950 | Indian National Congress |
R. K. Shanmukham Chetty | 15-August-1947 to 17-August-1948 | Indian National Congress |
Liaquat Ali Khan | 29-October-1946 to 14-August-1947 | All-India Muslim League |
FAQs on Finance Ministers of India
- Who is the current Finance Minister of India?
The current Finance Minister of India is Nirmala Sitharaman, since May 30, 2019.
- Who was the first Finance Minister of India?
R. K. Shanmukham Chetty was the first Finance Minister of India.
- When is the Union Budget presented?
The Union Budget is presented annually on February 1st.
- What is the purpose of the Economic Survey?
The Economic Survey analyzes India’s economic performance and is released before the Union Budget.
- What is the significance of the Finance Ministry for common citizens?
The Finance Ministry impacts common citizens by influencing taxation, inflation, interest rates, employment opportunities, government subsidies, and economic growth, which directly affect their cost of living and financial well-being.
Disclaimer
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
Copyright © 2025 BankBazaar.com.