List of Finance Ministers of India from 1947 to 2022

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List of Finance Ministers of India from 1947 to 2022 Nirmala Sitharaman is India’s first full-time female finance minister. She took over on May 31, 2019. Let us look at India’s Finance Ministers from 1947 to the present. Taxation, financial law, financial institutions, capital markets, central and state finances, and the Union Budget are all handled by the Ministry of Finance. R. K. Shanmukham Chetty was the first Finance Minister of independent India and delivered the first Budget. The Minister of Finance is the chief of the Ministry of Finance in the Government of India. The finance minister, one of the Union Cabinet’s most senior roles, is in charge of the government’s fiscal policies. One of the Finance Minister’s primary tasks is to present the annual Union Budget to Parliament, which details the government’s tax and spending intentions for the following fiscal year. In the Budget, the finance minister details the expenditures to several departments and ministries. He is occasionally assisted by the Minister of State for Finance and the lower-ranking Deputy Minister of Finance. Morarji Desai, Charan Singh, Vishwanath Pratap Singh, and Manmohan Singh are among the Finance Ministers who have become Prime Ministers, as have R. Venkataraman and Pranab Mukherjee. Several more Prime Ministers have taken over the finance ministry since then. India’s current Finance Minister is Nirmala Sitharaman.

S.N.	Name	Term of office		Political Party	Prime Minister
1	Liaquat Ali Khan	29-Oct-46	14-Aug-47	All-India Muslim League	Jawaharlal Nehru
					(Vice President of the interim Govt.)
2	R. K. Shanmukham Chetty	15-Aug-47	17-Aug-48	Indian National Congress	Jawaharlal Nehru
3	John Mathai	22-Sep-48	26-Jan-50
		26-Jan-50	06-May-50
		06-May-50	01-Jun-50
4	C. D. Deshmukh	01-Jun-50	13-May-52
		13-May-52	01-Aug-56
5.	Jawaharlal Nehru	01-Aug-56	30-Aug-56
6	T. T. Krishnamachari	30-Aug-56	17-Apr-57
		17-Apr-57	14-Feb-58
7	Jawaharlal Nehru	14-Feb-58	22-Mar-58
8	Morarji Desai	22-Mar-58	10-Apr-62

		10-Apr-62	31-Aug-63
9	T. T. Krishnamachari	31-Aug-63	31-Dec-65		Jawaharlal Nehru
					Lal Bahadur Shastri
10	Sachindra Chaudhuri	01-Jan-66	11-Jan-66		Lal Bahadur Shastri
		11-Jan-66	24-Jan-66		Indira Gandhi
		24-Jan-66	13-Mar-67
11	Morarji Desai	13-Mar-67	16-Jul-69		Indira Gandhi
12	Indira Gandhi	16-Jul-69	27-Jun-70
13	Yashwantrao B. Chavan	27-Jun-70	18-Mar-71

		18-Mar-71	10-Oct-74
14	Chidambaram Subramaniam	10-Oct-74	24-Mar-77
15	Haribhai M. Patel	26-Mar-77	24-Jan-79	Janata Party	Morarji Desai
16	Charan Singh	24-Jan-79	16-Jul-79
17	Hemvati Nandan Bahuguna	28-Jul-79	19-Oct-79	Janata Party (Secular)	Charan Singh
18	R. Venkataraman	14-Jan-80	15-Jan-82	Indian National Congress	Indira Gandhi
19	Pranab Mukherjee	15-Jan-82	31-Oct-84
		31-Oct-84	31-Dec-84
20	V. P. Singh	31-Dec-84	14-Jan-85		Rajiv Gandhi
		14-Jan-85	30-Mar-85
		30-Mar-85	25-Sep-85
		25-Sep-85	24-Jan-87
21	Rajiv Gandhi	24-Jan-87	25-Jul-87
22	N. D. Tiwari	25-Jul-87	25-Jun-88
23	Shankarrao B. Chavan	25-Jun-88	02-Dec-89
24	Madhu Dandavate	05-Dec-89	10-Nov-90	Janata Dal	V. P. Singh
				(National Front)
25	Yashwant Sinha	21-Nov-90	21-Jun-91	Samajwadi Janata Party	Chandra Shekhar
				(National Front)
26	Manmohan Singh	21-Jun-91	16-May-96	Indian National Congress	P. V. Narasimha Rao
27	Jaswant Singh	16-May-96	01-Jun-96	Bharatiya Janata Party	Atal Bihari Vajpayee
28	P. Chidambaram	01-Jun-96	21-Apr-97	Tamil Maanila Congress	H. D. Deve Gowda
				(United Front)
29	I.K. Gujral	21-Apr-97	01-May-97	Janata Dal	I. K. Gujral
				(United Front)
30	P. Chidambaram	01-May-97	19-Mar-98	Tamil Maanila Congress
				(United Front)
31	Yashwant Sinha	19-Mar-98	13-Oct-99	Bharatiya Janata Party	Atal Bihari Vajpayee
				(National Democratic Alliance)
		13-Oct-99	01-Jul-02
32	Jaswant Singh	01-Jul-02	22-May-04
33	P. Chidambaram	23-May-04	30-Nov-08	Indian National Congress	Manmohan Singh
34	Manmohan Singh	30-Nov-08	24-Jan-09	(United Progressive Alliance)
35	Pranab Mukherjee	24-Jan-09	22-May-09

		23-May-09	26-Jun-12
36	Manmohan Singh	26-Jun-12	31-Jul-12
37	P. Chidambaram	31-Jul-12	26-May-14
38	Arun Jaitley	26-May-14	30-May-19	Bharatiya Janata Party	Narendra Modi
				(National Democratic Alliance)
39.		31-May-19	Incumbent	Bharatiya Janata Party	Narendra Modi
	Nirmala Sitharaman			(National Democratic Alliance)