Shankar Acharya
Encyclopedia
Dr. Shankar Acharya is an India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
n economist
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...
. He is currently Member Board of Governors and Honorary Professor
Professor
A professor is a scholarly teacher; the precise meaning of the term varies by country. Literally, professor derives from Latin as a "person who professes" being usually an expert in arts or sciences; a teacher of high rank...
at the ICRIER. Hi is also the Non-Executive Part-time Chairman of the Board of Directors of Kotak Mahindra Bank
Kotak Mahindra Bank
The Kotak Mahindra Bank is a financial organization established in 1985 in India. It was previously known as Kotak Mahindra Finance Limited, a non-banking financial company. In February 2003, Kotak Mahindra Finance Ltd, the group's flagship company was given the license to carry on banking...
Early life
In 1967, he graduated from Oxford University and in 1972, he was awarded the Ph.D.Ph.D.
A Ph.D. is a Doctor of Philosophy, an academic degree.Ph.D. may also refer to:* Ph.D. , a 1980s British group*Piled Higher and Deeper, a web comic strip*PhD: Phantasy Degree, a Korean comic series* PhD Docbook renderer, an XML renderer...
in Economics
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
of Harvard University
Harvard University
Harvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country...
.
Career
He worked with the World BankWorld Bank
The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...
in various capacities since 1971, before returning to India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
in 1982. He was the leader of the team which produced the 1979 `World Development Report'.
His most significant assignment was as the Chief Economic Adviser to the GOI
Government of India
The Government of India, officially known as the Union Government, and also known as the Central Government, was established by the Constitution of India, and is the governing authority of the union of 28 states and seven union territories, collectively called the Republic of India...
(in the rank of Secretary
Secretary
A secretary, or administrative assistant, is a person whose work consists of supporting management, including executives, using a variety of project management, communication & organizational skills. These functions may be entirely carried out to assist one other employee or may be for the benefit...
) between 1993 and 2001. He was also on the board of SEBI and EXIM Bank of India during the period. He also served as a Member of the Economic Advisory Council to the Prime Minister (2001–2003) and the Twelfth Finance Commission (2004).His previous assignments with the GOI include the roles of Senior Adviser (rank of Additional Secretary) and Economic Adviser with the Finance
Finance
"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...
ministry from 1985 to 1990.
Dr. Acharya left MOF in 2001. Since then he has been associated with ICRIER and a number of other institutions. At present he also serves on the governing boards of other national research organizations and the Advisory Committee on Monetary Policy of the Reserve Bank of India, is a member of several advisory corporate boards and writes a fortnightly column for the financial daily, Business Standard. He has authored numerous scholarly papers and several books. His three most recent books are: Essays on Macroeconomic Policy and Growth in India (Oxford University Press, 2006), Can India Grow without Bharat? (Academic Foundation, 2007) and India and Global Crisis (Academic Foundation, 2009).
He was the Senior Visiting Research Fellow at Merton College, Oxford University in 2000 and Stanford University
Stanford University
The Leland Stanford Junior University, commonly referred to as Stanford University or Stanford, is a private research university on an campus located near Palo Alto, California. It is situated in the northwestern Santa Clara Valley on the San Francisco Peninsula, approximately northwest of San...
in 2002.