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Dr. Shankar Acharya
Honorary Professor

Dr. Acharya is Honorary Professor at the Indian Council for Research on International Economic Relations (ICRIER).

He was Member, Twelfth Finance Commission (2004) and Member, Prime Minister's Economic Advisory Council (2001-2003).

During his previous assignment as Chief Economic Adviser (rank of Secretary) to the Government of India from April 1993 to December, 2000 he was closely associated with the Government's programme of economic reforms as well as with overall macroeconomic management of the economy. He also participated in the reform and development of India's capital market as Member, Securities and Exchange Board of India (SEBI).

Dr. Acharya has a B.A. (First class honours) from Oxford University (1967) and a Ph. D. from Harvard University (1972). He worked in the World Bank from 1971 to 1982 and held several senior positions including Director, World Development Report, 1979 and Research Adviser to the World Bank (1979 to 1982). He joined the Finance Ministry in February 1985 as Economic Adviser and served in that capacity till July 1990 when be became Senior Adviser and Additional Secretary.

Aside from being the principal author of World Development Report, 1979 and several World Bank country reports, he has published a number of books and numerous scholarly papers and contributed chapters of several books, mainly on topics in macroeconomic policy, growth, international economics and public finance. His five most recent books are: Essays on Macroeconomic Policy and Growth in India, published by Oxford University Press (2006), Can India Grow without Bharat?, published by Academic Foundation (2007), India and Global Crisis, published by Academic Foundation (2009), (edited with Rakesh Mohan) India's Economy: Performance and Challenges, published by Oxford University Press (2010) and India after the Global Crisis, published by Orient BlackSwan (2012). He also writes a regular column on economic/financial issues in the Business Standard and is an occasional consultant to international institutions.

He is currently a member of the National Security Advisory Board, a member of the RBI's Advisory Committee on Monetary Policy, and the governing body of the Administrative Staff College of India (ASCI).

He is non-executive Chairman of Kotak Mahindra Bank Ltd. He also serves on a number of Government and corporate advisory committees/groups.

Dr. Acharya was a Senior Visiting Research Fellow at Stanford University in Spring 2002 and at Merton College, Oxford University in Spring 2000. He has frequently delivered invited lectures in India and abroad.

Selected publications( post 2000) :
  • "New International Standards for Financial Stability: Desirable Regulatory Reform or a Runaway Juggernaut?", in Steffany Griffith-Jones and Amar Bhattacharya (ed.), Developing Countries and the Global System, Commonwealth Secretariat, 2001.

  • "Macroeconomic Management in the Nineties", Economic and Political Weekly, April 20, 2002.

  • "India's Medium Term Growth Prospects", Economic and Political Weekly, July 13, 2002.

  •  "India: Crisis, Reform and Growth in the Nineties", Working PaperNo.139, Center for Research on Economic Development and Policy Reform, Stanford University, July 2002.

  •  "Managing India's External Economic Challenges in the 1990s" in M.S. Ahluwalia, Y.V. Reddy and S.S. Tarapore (eds.), Macro-economics and Monetary Policy, Oxford University Press, New Delhi, 2002.

  • India's Economy: Some Issues and Answers, Academic Foundation, New Delhi, 2003.

  •  (With Robert Cassen and Kirsty McNay), "The Economy-Past and Future", in T. Dyson, R. Cassen and L. Visaria (eds.), Twenty First Century India, Oxford University Press, 2004.

  •  "India's Growth Prospects Revisited", Economic and Political Weekly, October 9, 2004.

  • (et. al.), Sri Lanka: Development Policy Review, World Bank, Washington DC, 2004.

  • "Thirty Years of Tax Reform in India", Economic and Political Weekly, May 14, 2005.

  • Essays on Macroeconomic Policy and Growth in India, Oxford University Press, New Delhi, 2006.

  • "Economic Growth: Some Reflections", Economic and Political Weekly, November 4, 2006.

  • Can India Grow without Bharat? Academic Foundation, New Delhi, 2007.

  • "India's Macroeconomic Performance and Policies since 2000," ICRIER working paper No. 225, October 2008.

  • India and Global Crisis, Academic Foundation, New Delhi, 2009.

  • (Edited with Rakesh Mohan) India's Economy: Performance and Challenges, Oxford University Press, New Delhi, 2010.

  • India after the Global Crisis, published by Orient BlackSwan, New Delhi, 2012.