The government had announced the appointment of Saraswat and noted economist Bibek Debroy as full-time members of (National Institution for Transforming India) NITI Aayog earlier this month.
Saraswat was Secretary of Defence (Research & Development) and Director General of Defence Research & Development Organisation (DRDO).
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As Project Director of Prithvi, he steered the design, development, production and induction of the first indigenous Surface-to-Surface missile system into the armed forces.
He was conferred the Padma Shri in 1998 and the Padma Bhusan in 2013.