Vijay Kelkar Award 2015


Shankar Acharya

Honorary Professor, ICRIER

Instrumental in formulating and implementing many reform policies that helped transform the nation, Shankar Acharya served the longest as the Chief Economic Adviser to the Government of India, from 1993 to 2001 having served four Prime Ministers of India. He was Member, Economic Advisory Council to the Prime Minister between 2001 and 2003 and Member, Twelfth Finance Commission. His deep concern for inclusive and equitable growth was evident in his espousal of economic reforms with prudent fiscal management in the formative phases of Indias post-liberalisation era. He is fondly remembered as the architect of several budgets laying the foundation of long-term fiscal policy and reforms. Even after he left government service, he continues to be a strong proponent of economic reforms and responsible public finance management that would yield high growth rates, lift millions out of poverty and better Indias human development indices year after year. His long record of championing, in and out of the government, for reforms with a human face stands him out.