Dr. Shankar Acharya

Dr. Shankar Acharya

Honorary Professor

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Dr. Acharya is HONORARY PROFESSOR at the Indian Council for Research on International Economic Relations (ICRIER) since 2001. He was MEMBER, TWELFTH FINANCE COMMISSION (2004) and MEMBER, NATIONAL SECURITY ADVISORY BOARD (2009-2013). Also, he was non-executive CHAIRMAN, KOTAK MAHINDRA BANK (2006-2018), board member of a number of national research organizations and corporates and, since 2003, has written a regular column on economic/financial issues in the BUSINESS STANDARD During his previous assignment as CHIEF ECONOMIC ADVISER (rank of Secretary) to the GOVERNMENT OF INDIA, from April 1993 to March 2001, 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, 1997-2000). 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 ECONOMIC 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 eight 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), INDIA AFTER THE GLOBAL CRISIS, published by Orient BlackSwan (2012), TOWARDS ECONOMIC CRISIS (2012-14) AND BEYOND, published by Academic Foundation (2015), INDIAS ECONOMY 2015-2020:CONTEMPORARY COMMENTARY, published by Academic Foundation (2021) and AN ECONOMIST AT HOME AND ABROAD: A PERSONAL JOURNEY, published by Harper Collins (2021).