Shankar Acharya

Indian economist

Dr. Shankar Acharya

Chief Economic Adviser to the Government of India
In office 1993 - 2001

Personal details
Born	October 1945
Nationality	Indian

Dr. Shankar Acharya (born October 1945) is an Indian economist, who was the longest serving Chief Economic Adviser to the Government of India. He is currently an honorary Professor at the Indian Council for Research on International Economic Relations (ICRIER). He served until 2018 as non-executive chairman of Kotak Mahindra Bank.^[1] He was appointed for a five year term as the Chancellor of the Central University of Andhra Pradesh on 19th September 2023.^{[citation needed]}

Early life

Acharya was educated at Highgate School, London from 1959 to 1963 and in 1967 he graduated from Oxford University where he was a member of Keble College.^[2] In 1972 he was awarded a PhD in Economics by Harvard University. His 1972 PhD dissertation is available under: "Acharya, Shankar Nath, Some aspects of imperfections in primary factor markets of less developed countries".

Career

He worked with the World Bank in various capacities from 1971, before returning to India 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 Government of India (in the rank of Secretary) 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 Government of India include the roles of Senior Adviser (rank of Additional Secretary) and Economic Adviser with the Finance ministry from 1985 to 1990. He stepped down from his role as chairman of Kotak Mahindra Bank in July 2018, after serving as a director since May 2003, and chairman since July 2006.^[3]

References

^ "AGM KOTAK BANK, 29 JUNE 2015" (PDF). bsmedia.business-standard.com. business-standard.com. Retrieved 3 September 2022.
^ Hughes, Patrick; Davies, Ian. Highgate School Register 1833-1988 (7th ed.). p. 331.
^ "Prakash Apte appointed part-time Chairman, Kotak Mahindra". thehansindia.com. 30 April 2018. Retrieved 3 September 2022.

External links

"Services booming! Or are they?". Rediff.com. Retrieved 3 September 2022. A column by Shankar Acharya
"An economist at home and abroad" (2021)

Ministry of Finance (India)

Departments

Economic Affairs

Economic Division: Economic Survey
Budget Division: Union budget

Expenditure

Pay Commission
7th Central Pay Commission (CPC) and Defence Forces
Sixth Central Pay Commission

Revenue

Financial Services

Pradhan Mantri Jan Dhan Yojana

DIPAM

DPE

Efficient monitoring of the capital expenditure
Asset monetisation and financial health of the Central Public Sector Enterprises (CPSEs)

Secretaries

Economic Affairs	Rajiv Mehrishi Shaktikanta Das Subhash Chandra Garg Atanu Chakraborty (incumbent)
Revenue	Shaktikanta Das Ajay Bhushan Pandey Hasmukh Adhia (incumbent)
Finance	Ratan P. Watal Ashok Lavasa Hasmukh Adhia Ajay Narayan Jha Rajiv Kumar (incumbent)