In a significant move, Shaktikanta Das has taken on the freshly minted role of Principal Secretary-2 to Prime Minister Narendra Modi. Known for his strategic leadership as the former Governor of the Reserve Bank of India (RBI), Das will bring his extensive expertise in steering economic policy and stability to this new position. His appointment was confirmed by the cabinet’s appointments committee on February 23, 2025, setting the stage for him to serve in tandem with PM Modi's ongoing term.

Das, a seasoned IAS officer from the 1980 Tamil Nadu cadre, has a track record of tackling financial challenges head-on. During his six-year stint as RBI Governor, he navigated India through the turbulent waters of demonetization and the COVID-19 pandemic. His adept handling of these economic storms bolstered India’s economic resilience, ensuring liquidity and stability during uncertain times. His tenure was marked by reinforced communication with markets and strengthened ties between the central bank and the finance ministry, crucial for monetary stability.

Before his time at the RBI, Das was no stranger to pivotal roles in India's economic landscape. As the Union Revenue Secretary and Economic Affairs Secretary, he was instrumental in managing India’s fiscal policies and played a key role on the international stage, representing India in G20 and BRICS summits. His leadership helped shape critical global economic engagements, underscoring his knack for navigating complex international finance dynamics.

The Prime Minister's Office already counts PK Mishra as Principal Secretary, a position he’s held since 2019. With Das stepping into the new role of Principal Secretary-2, the office signals a stronger emphasis on economic policymaking prowess. This dual leadership aims to bolster administrative efficiency and sharpen the focus on sustainable economic policies, aligning with Modi’s vision for India’s growth trajectory.

Shaktikanta Das is more than just an economic strategist; he is a cornerstone in India's fiscal management narrative, consistently demonstrating an ability to adapt and thrive amidst evolving economic climates. His latest appointment as Principal Secretary-2 reiterates his critical role in shaping policies that will drive India’s sustained growth in the global arena.