Subhash Garg (Former Finance Secretary of India) Age, Wife, Family, Biography

Bio/Wiki
Full Name	Subhash Chandra Garg
Profession	Civil Servant
Known for	Being the former Finance Secretary of India
Physical Stats
Eye Colour	Light Brown
Hair Colour	Salt and Pepper
Career
Awards, Honours, Achievements	• Gold Medal (1980) in the Intermediate examination of the Institute of Cost and Works Accountants of India (ICWAI) • Gold Medal (1990) in the final examination of the Institute of Company Secretaries of India (ICSI)
Personal Life
Date of Birth	16 October 1960 (Sunday)
Age (as of 2025)	65 Years
Birthplace	Jaipur, Rajasthan, India
Zodiac sign	Libra
Signature
Nationality	Indian
Hometown	Jaipur, Rajasthan
College/University	• Rajasthan University, Ajmer • Institute of Cost Accountants of India, Kolkata
Educational Qualification(s)	• A Bachelor's degree in Law from Rajasthan University • A Bachelor's degree in Commerce (BCom) from Rajasthan University • A professionally qualified Cost & Management Accountant from Institute of Cost Accountants of India
Religion	Hinduism
Social Media	• Twitter • LinkedIn
Relationships & More
Marital Status	Married
Family
Wife/Spouse	(Chartered Accountant)
Parents	Father- (deceased) (Telegraph Department) Mother- (Homemaker)
Siblings	Brother(s)- 5 Sister- None

Some Lesser Known Facts About Subhash Garg

• Subhash Garg belongs to the 1983 batch of the Rajasthan cadre of the Indian Administrative Service (IAS).

• He was born and raised in Jaipur, Rajasthan. He is the eldest of six children, with five younger children.

• His family originally came from Rewari district in Haryana, while the family was settled in Ajmer and Alwar in Rajasthan due to his father’s profession.

• In an interview, Subhash shared that his family lived in financially difficult circumstances. When he was in class 6, his father developed depression, which affected his professional career too and put more financial pressure on the family.

• Garg added that from a very young age he had balanced his studies with helping his family financially and looked after his younger siblings.

• He pursued two bachelor’s degrees in Law and Commerce form Rajasthan University.

• In 1980, Garg won a Gold Medal in the Intermediate examination of the Institute of Cost and Works Accountants of India (ICWAI).

• In 1983, he joined the Indian Administrative Service (IAS) as a member of the Rajasthan cadre.

• From 1985 to 1987, Subhash served as a Sub-Divisional Officer in Chittorgarh, Rajasthan.

• While working in Chittorgarh, he was involved in establishing the first urban settlement for the nomadic Gadia Lohar community.

• From 1987 to 1990, he served at several administrative positions in Rajasthan including Chief Executive Officer of Zila Parishad of Jaipur, Managing Director of State Corporations.

• In 1990, he received a Gold Medal in the final examination of the Institute of Company Secretaries of India (ICSI).

• In 1992, Subhash was appointed as Collector and District Magistrate of Rajsamand, Rajasthan.

• As Collector of Rajsamand, he was among the senior district-level administrators responsible for handling government programs and local administrations.

• During his service tenure in Rajasthan from 1990 to 2000, Garg developed a strong specialisation in government finance. He served as Secretary for Expenditure and Budget. Additionally, he served twice as Principal Finance Secretary of Rajasthan.

• In 2000, he moved to the Central Government and became Director in the Department of Economics Affairs (DEA), Ministry of Finance.

• As Director in the DEA, he worked on important economics and financial matters at the central-government level.

• In 2003, he was appointed as Joint Secretary in the Department of Expenditure, Ministry of Finance.

• In 2005, after completing his term as Joint Secretary in the Department of Expenditure, he returned to administrative positions in Rajasthan.

• From 2006 to 2008, Subhash Garg served as Secretary (Finance) in the Rajasthan Government.

• In 2012, Garg worked in the Cabinet Secretariat of Rajasthan as Joint Secretary and Additional Secretary.

• In 2014, he was appointed as the Executive Director at the World Bank, Washington D.C., where he represented India, Bangladesh, Bhutan, and Sri Lanka on the World Bank Board.

• In 2017, he returned to India and became Secretary of the Department of Economics Affairs in the Ministry of Finance.

• As Economics Affairs Secretary, he dealt major issues involving economic policy, financial markets, government borrowing and relations with international financial institutions.

• In March 2019, Garg was appointed as Finance Secretary of India.

• During his time as Finance Secretary, the government proposed issuing sovereign bonds in foreign markets.

• He was also closely involved in the government’s discussions with the Reserve Bank of India (RBI) on issues including the central bank’s reserves, banking rules and liquidity support for non-bank finance companies.

• In July 2019, after the Union Budget, he was transferred from the Finance Ministry and was appointed as Power Secretary.

• Soon after the transfer, Subhash applied for voluntary retirement from the IAS on 31 October 2019, more than a year before his scheduled retirement.

• After retirement, Garg began writing about India’s economy, government policy and his experiences inside the Finance Ministry.

• In 2023, Garg published his first book, We Also Make Policy: An Insider’s Account of How the Finance Ministry Functions.
  

  Cover of Subhash Garg’s book, We Also Make Policy: An Insider’s Account of How the Finance Ministry Functions

• In 2025, he published his second memoir, No, Minister: Navigating Power, Politics and Bureaucracy with a Steely Resolve. In this book, he wrote about his time in the Finance Ministry and his differences with then Finance Minister, Nirmala Sitharaman.

• In his writing, Garg wrote that he had serious policy differences with Nirmala Sitharaman and their difficult working relationship contributed to his decision to leave the IAS early.

• In September 2026, Subhash Garg came into news after he questioned the government’s newly reported 7.8% GDP growth figure for the April-June quarter of FY 2026-27.

• He argued that the actual growth rate could be much lower, while the government defended its GDP calculation method.

• His comments triggered a wider debate among economists, former officials and political leaders about India’s GDP calculations.