List of Finance Ministers of India

The Minister of Finance (or simply, 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.

By Hemant Singh

Sep 13, 2016 15:17 IST

The Minister of Finance (or simply, 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.

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Here is the List of All the Finance Ministers of India:-

S.N.	Name	Term of office		Political Party	Prime Minister
1.	Liaquat Ali Khan	29 October 1946	14 August 1947	All-India Muslim League	Jawaharlal Nehru (Vice President of the interim Govt.)
2.	R. K. Shanmukham Chetty	15 August 1947	1949	Indian National Congress	Jawaharlal Nehru
3.	John Mathai	1949	1950
4.	C. D. Deshmukh	29 May 1950	1957
5.	T. T. Krishnamachari	1957	13 February 1958
6.	Jawaharlal Nehru	13 February 1958	13 March 1958
7.	Morarji Desai	13 March 1958	29 August 1963
8.	T. T. Krishnamachari	29 August 1963	1965		Jawaharlal Nehru Lal Bahadur Shastri
9.	Sachindra Chaudhuri	1965	13 March 1967		Lal Bahadur Shastri Indira Gandhi
10.	Morarji Desai	13 March 1967	16 July 1969		Indira Gandhi
11.	Indira Gandhi	1970	1971
12.	Yashwantrao Chavan	1971	1975
13.	Chidambaram Subramaniam	1975	1977
14.	Haribhai M. Patel	24 March 1977	24 January 1979	Janata Party	Morarji Desai
15.	Charan Singh	24 January 1979	28 July 1979	Janata Party	Morarji Desai
16.	Hemvati Nandan Bahuguna	28 July 1979	14 January 1980	Janata Party (Secular)	Charan Singh
17.	R. Venkataraman	14 January 1980	15 January 1982	Indian National Congress	Indira Gandhi
18.	Pranab Mukherjee	15 January 1982	31 December 1984		Indira Gandhi
19.	V. P. Singh	31 December 1984	24 January 1987		Rajiv Gandhi
20.	Rajiv Gandhi	24 January 1987	25 July 1987
21.	N. D. Tiwari	25 July 1987	25 June 1988
22.	Shankarrao Chavan	25 June 1988	2 December 1989
23.	Madhu Dandavate	2 December 1989	10 November 1990	Janata Dal (National Front)	V. P. Singh
24.	Yashwant Sinha	10 November 1990	21 June 1991	Samajwadi Janata Party (National Front)	Chandra Shekhar
25.	Manmohan Singh	21 June 1991	16 May 1996	Indian National Congress	P. V. Narasimha Rao
26.	Jaswant Singh	16 May 1996	1 June 1996	Bharatiya Janata Party	Atal Bihari Vajpayee
27.	P. Chidambaram	1 June 1996	21 April 1997	Tamil Maanila Congress (United Front)	H. D. Deve Gowda
28.	I.K. Gujral	21 April 1997	1 May 1997	Janata Dal (United Front)	I. K. Gujral
29.	P. Chidambaram	1 May 1997	19 March 1998	Tamil Maanila Congress (United Front)	I. K. Gujral
30.	Yashwant Sinha	19 March 1998	1 July 2002	Bharatiya Janata Party (National Democratic Alliance)	Atal Bihari Vajpayee
31.	Jaswant Singh	1 July 2002	22 May 2004	Bharatiya Janata Party (National Democratic Alliance)	Atal Bihari Vajpayee
32.	P. Chidambaram	22 May 2004	30 November 2008	Indian National Congress (United Progressive Alliance)	Manmohan singh
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 Jaitley	26 May 2014	Incumbent	Bharatiya Janata Party (National Democratic Alliance)