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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. He was appointed for a five year term as the Chancellor of the Central University of Andhra Pradesh on 19 September 2023.

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. 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.

References

1. "AGM KOTAK BANK, 29 JUNE 2015" (PDF). bsmedia.business-standard.com. business-standard.com. Retrieved 3 September 2022.
2. Hughes, Patrick; Davies, Ian. Highgate School Register 1833-1988 (7th ed.). p. 331.
3. "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)

v t e 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 Income Tax Department Central Board of Indirect Taxes and Customs Financial Services Pradhan Mantri Jan Dhan Yojana DIPAM Disinvestment in India Disinvestment of Public Sector Units in India 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)
Finance ministers	R. K. Shanmukham Chetty John Mathai C. D. Deshmukh T. T. Krishnamachari Jawaharlal Nehru Morarji Desai Sachindra Chaudhuri Indira Gandhi Yashwantrao Chavan Chidambaram Subramaniam Hirubhai M. Patel Charan Singh Hemwati Nandan Bahuguna R. Venkataraman Pranab Mukherjee Vishwanath Pratap Singh Rajiv Gandhi N. D. Tiwari Shankarrao Chavan Madhu Dandavate Yashwant Sinha Manmohan Singh Jaswant Singh P. Chidambaram I. K. Gujral Arun Jaitley Piyush Goyal Nirmala Sitharaman (incumbent)
Ministers of state for finance	Nirmala Sitharaman Jayant Sinha Arjun Ram Meghwal Pon Radhakrishnan Anurag Thakur Bhagwat Karad (incumbent) Pankaj Chaudhary (incumbent)
Chief Economic Advisor	JJ Anjaria IG Patel IG Patel VK Ramaswamy Ashok Mitra Manmohan Singh RM Honavar Bimal Jalan Nitin Desai Deepak Nayyar Shankar Acharya Rakesh Mohan Ashok K Lahiri Arvind Virmani Kaushik Basu Raghuram Rajan Arvind Subramanian Krishnamurthy Subramanian V. Anantha Nageswaran (incumbent)
Finance commissions	1st 2nd 3rd 4th 5th 6th 7th 8th 9th 10th 11th 12th 13th 14th 15th

• 1945 births
• 20th-century Indian economists
• Living people
• People educated at Highgate School
• Alumni of Keble College, Oxford
• Harvard Graduate School of Arts and Sciences alumni
• Chief Economic Advisers to the Government of India
• Indian Administrative Service officers