The campaign comes at a time when the economy is facing headwind and it has slowed to a 5-year low of 6.8 per cent.
There are expectations that the government would come out with sector-specific stimulus sometime soon.
India is looking for a balanced trade agreement, as it would cover 40 per cent of the global gross domestic product.
The appointment will be for a period of three years and the person will be eligible for re-appointment.
The government has allowed the task force to submit its report by 16th of August 2019.
The sovereign bond issuance was basically intended to ease the pressure on the domestic availability of resources.
Garg was in charge of the Department of Economic Affairs (DEA), and was designated the Finance Secretary.
India's sovereign external debt-to-GDP level is among the lowest globally at less than 5 per cent.
Subhash Chandra Garg, the senior-most bureaucrat in the Finance Ministry, was in charge of the Department of Economic Affairs.
Goods taken abroad in this manner are required to be either sold or brought back within a period of 6 months from the date of removal.