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Dr. Shankar Acharya (b. October, 1945) is an Indian economist. He is currently Member Board of Governors and Honorary Professor at the ICRIER.

Early life

In 1967, he graduated from Oxford University and in 1972, he was awarded the Ph.D. in Economics of Harvard University. The subject of his doctoral thesis is not presently available among his biographical details.


He worked with the World Bank in various capacities since 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 GOI (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 GOI include the roles of Senior Adviser (rank of Additional Secretary) and Economic Adviser with the Finance 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 in 2002.

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