The full list of ministers of finance Since India gained its independence in 1947, its finance ministers have had a significant role in shaping the nation’s economy. They are responsible for developing budgets, enforcing financial laws, and guaranteeing the economy’s stability and growth. Over the years, India has had a number of finance ministers who have put policies and reforms into place to meet the changing needs of the country. Their contributions to everything from the earliest days of economic planning to contemporary digital projects have had a long-lasting impact.
Who Is India’s Present Finance Minister? When Will the 2025 Union Budget Be Revealed?
Since May 31, 2019, Nirmala Sitharaman has served as India’s finance minister. She has been instrumental in managing India’s finances throughout challenging times, including the epidemic, and is the first woman to hold this position full-time. The creation of jobs, infrastructure development, and economic recovery are expected to be the top priorities of the Union Budget 2025, which will be revealed on February 1.
Under the direction of Morarji Desai, Manmohan Singh, and Arun Jaitley, the Finance Ministry has implemented historic policies since 1947, when R.K. Shanmukham Chetty, the nation’s first Finance Minister, unveiled the nation’s first budget. This list of finance ministers highlights their contributions.
The Whole List of Indian Finance Ministers Since 1947
The full list of finance ministers from 1947 until 2025 may be seen here.
| Finance Minister Name | Starting Term | Ending Term |
| 1. R. K. Shanmukham Chetty | 15 August 1947 | 17 August 1948 |
| 2. John Mathai | 22 September 1948 | 1 June 1950 |
| 3. C. D. Deshmukh | 1 June 1950 | 13 May 1952 |
| 4. Jawaharlal Nehru | 1 August 1956 | 30 August 1956 |
| 5. T. T. Krishnamachari | 30 August 1956 | 14 February 1958 |
| 6. Jawaharlal Nehru | 14 February 1958 | 22 March 1958 |
| 7. Morarji Desai | 22 March 1958 | 31 August 1963 |
| 8. T. T. Krishnamachari | 31 August 1963 | 31 December 1965 |
| 9. Sachindra Chaudhuri | 1 January 1966 | 13 March 1967 |
| 10. Morarji Desai | 13 March 1967 | 16 July 1969 |
| 11. Indira Gandhi | 16 July 1969 | 27 June 1970 |
| 12. Yashwantrao B. Chavan | 27 June 1970 | 10 October 1974 |
| 13. Chidambaram Subramanyam | 10 October 1974 | 24 March 1977 |
| 14. Haribhai M. Patel | 26 March 1977 | 24 January 1979 |
| 15. Charan Singh | 24 January 1979 | 16 July 1979 |
| 16. Hemvati Nandan Bahuguna | 28 July 1979 | 19 October 1979 |
| 17. R. Venkataraman | 14 January 1980 | 15 January 1982 |
| 18. Pranab Mukherjee | 15 January 1982 | 31 December 1984 |
| 19. V. P. Singh | 31 December 1984 | 24 January 1987 |
| 20. Rajiv Gandhi | 24 January 1987 | 25 July 1987 |
| 21. N. D. Tiwari | 25 July 1987 | 25 June 1988 |
| 22. Shankarrao B. Chavan | 25 June 1988 | 2 December 1989 |
| 23. Madhu Dandavate | 5 December 1989 | 10 November 1990 |
| 24. Yashwant Sinha | 21 November 1990 | 21 June 1991 |
| 25. Manmohan Singh | 21 June 1991 | 16 May 1996 |
| 26. Jaswant Singh | 16 May 1996 | 1 June 1996 |
| 27. P. Chidambaram | 1 June 1996 | 21 April 1997 |
| 28. I.K. Gujral | 21 April 1997 | 1 May 1997 |
| 29. P. Chidambaram | 1 May 1997 | 19 March 1998 |
| 30. Yashwant Sinha | 19 March 1998 | 1 July 2002 |
| 31. Jaswant Sinha | 1 July 2002 | 22 May 2004 |
| 32. P. Chidambaram | 23 May 2004 | 30 November 2008 |
| 33. Manmohan Singh | 30 November 2008 | 24 January 2009 |
| 34. Pranab Mukherjee | 24 January 2009 | 26 June 2012 |
| 35. Manmohan Singh | 26 June 2012 | 31 July 2012 |
| 36. P. Chidambaram | 31 July 2012 | 26 May 2014 |
| 37. Arun Jetly | 26 May 2014 | 30 May 2019 |
| 38. Nirmala Sitharaman | 31 May 2019 | present |
