<h2 class="wp-block-heading">Appointment of Ajay Seth</h2>

<p>The central government has officially appointed Ajay Seth as India&#8217;s new finance secretary, effective March 24, 2025. Seth, a seasoned IAS officer from the 1987 batch of the Karnataka cadre, steps into this role at a pivotal time for the Indian economy, which is focusing on fiscal discipline while pursuing enhanced economic growth.</p>

<h2 class="wp-block-heading">Background and Experience</h2>

<p>Prior to his new appointment, Ajay Seth served as the economic affairs secretary, where he significantly influenced India&#8217;s economic policies. His tenure since 2021 saw him oversee important initiatives related to infrastructure financing and public-private partnerships. With over three decades of experience in public finance and taxation, he has proven his capability in navigating the complexities of fiscal management within India.</p>

<h2 class="wp-block-heading">Challenges Ahead</h2>

<p>With India’s GDP growth recovering to 6.2% in the last quarter, Ajay Seth&#8217;s role as finance secretary is more crucial than ever. Ensuring that the economy meets the revised growth target of 6.5% will be a considerable challenge, especially given the backdrop of lower growth estimates compared to the previous fiscal year. Seth aims to raise the standards for reforms and improve ease of doing business, highlighting the necessity for real legislative changes to drive substantial impact.</p>
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