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Over nearly six decades, NCAER’s member-elected Governing Body has included almost every prominent Indian economist and industrialist, including former Prime Minister Dr. Manmohan Singh as a member during 1976-82, and Ratan Tata as President during 1994-98. NCAER’s current Governing Body is headed by Mr. Nandan M Nilekani, ex- Chairman of the Unique Identification Authority of India and former CEO of Infosys Ltd.  Since May 2011, NCAER has been led by its ninth Director-General, Dr Shekhar Shah, who joined NCAER from the World Bank where he was the Regional Economic Adviser for South Asia. 
Nandan M Nilekani
President

Nandan M. Nilekani co-founded Infosys, was its CEO during 2002-07, Board co-Chairman during 2007-09, and returned to Infosys in August 2017 as its Non-Executive Chairman. As the first Chairman of the Unique Identification Authority of India during 2009-2014, Nilekani successfully created and implemented Aadhar, the world’s largest biometric identification system. He is the Co-founder and Chairman of EkStep, a nonprofit initiative that is creating a learner-centric, technology-based platform to improve basic literacy and numeracy for millions of children.  Nilekani is the recipient of a number of national and international awards. Fortune Magazine conferred on him “Asia’s Businessman of the year 2003” award. He received the prestigious Joseph A Schumpeter Prize in 2005 for Innovative Services in Economy, Economic Sciences and Politics. In 2006, he was awarded the Padma Bhushan by the President of India. He was also named the 2006 Businessman of the Year by Forbes Asia. Time magazine listed him as one of the 100 most influential people in the world in 2006 and 2009. Foreign Policy listed Nilekani as one of the Top 100 Global thinkers in 2010.  He won The Economist magazine’s Social & Economic Innovation Award 2014 for his leadership of Aadhaar.  In 2017, CNBC-TV 18 conferred on him their India Business Leader award for outstanding contributions to the Indian economy, and he received the 22nd Nikkei Asia Prize for Economic & Business Innovation.  Nilekani is the author of “Imagining India” and  the co- author with Viral Shah of his second book, “Rebooting India: Realizing a Billion Aspirations”.

 
M S Verma
Vice-President

M S Verma retired as the chairman of the State Bank of India, the nation's largest bank. He has more than forty years of experience working on different facets of banking like commercial banking, development banking, investment banking and asset management. After retiring from the State Bank of India, he was Chairman at TRAI where he was instrumental in opening up the Indian telecommunications market and increasing transparency.  He has also been an Advisor to the Reserve Bank of India, Chairman of the Board of Directors of IDBI Bank and Chairman of the Reserve Bank of India’s  Advisory Panel on Financial Sector Supervision and Regulation. 

 
Mukesh D Ambani
Member

Mukesh Ambani is Managing Director and largest shareholder of Reliance Industries, India’s second largest company by market capitalization. After joining Reliance Industries in 1981, he led the company’s backward integration drive from textiles to polyesters and eventually into petrochemicals and petroleum refining.  He is also  Chairman of Infotel Broadband Services Private and Chairman of the Board of Governors at the Indian Institute of Management, Bangalore. Mr Ambani holds a B.Sc. in Chemical Engineering from the University of Mumbai and an MBA from Stanford University.

 
Surjit S Bhalla
Member

Dr Surjit S. Bhalla is the Chairman of Ox[us] Investments, a New-Delhi based hedge fund and emerging markets advisory firm and a Senior Adviser to Blufin, a leading financial information company. He has served on several committees of the Government of India, including the RBI Capital Account Convertibility Committees of 1997 and 2006, the SEBI Advisory Committee On Secondary Markets, and on India’s first National Statistical Commission during 2007-2009.  He is a regular contributor to Indian printed and electronic media on financial markets, economics, politics and cricket. He obtained a BS degree in Electrical Engineering from Purdue University, his M.P.A. from the Woodrow Wilson School at Princeton, and a Ph.D. in Economics from Princeton.

 
Yogesh C Deveshwar
Member

Yogesh C Deveshwar has been Chairman of ITC Hotels Ltd, ITC Ltd. In a career spanning 36 years, he has served as President of the Confederation of Indian Industry and served on the boards of several public sector undertakings, corporations and educational institutes such as Air India, Woodlands Hospital & Medical Research Centre, Agriculture Council of the Confederation of Indian Industries, IIM Kolkata and the Indian School of Business. In 2001, Mr Deveshwar received the Manager Entrepreneur of the Year Award from Ernst & Young. He holds a B. Tech in Mechanical Engineering from the Indian Institute of Technology, Delhi.

 
Ashish Dhawan
Member

Ashish Dhawan is is the Founder and CEO of Central Square Foundation where he hopes to bring a fresh impact-based approach to philanthropy in India.  Before this, he worked for twenty years in the investment management business and ran one of India's leading private equity funds, ChrysCapital. Mr Dhawan serves on the board of several non-profits including Akanksha Foundation, 3.2.1 Education Foundation, Teach For India, Centre for Civil Society, Janaagraha and GiveLife. He was recently recognized as the NextGen Leader in Philanthropy by Forbes India. Mr Dhawan received an MBA degree from Harvard Business School and a BS degree in Applied Mathematics and Economics from Yale University.

 
Subhash Chandra Garg
Member

Mr Subhash Chandra Garg is the Secretary, Department of Economic Affairs, Ministry of Finance, Government of India. An Indian Administrative Service officer of the 1983 batch, Rajasthan cadre, he has 34 years of experience in administration, management and public policy, in finance and several development sectors including agriculture, education, energy and rural development. He has been the Executive Director in the World Bank Group for Bangladesh, Bhutan, India, and Sri Lanka. In the Government of India, he has served in various capacities, as Director in the Department of Economic Affairs (DEA), Joint Secretary in the Department of Expenditure (DoE), Joint Secretary (Agriculture), and Additional Secretary (Cabinet Secretariat). In the Rajasthan government, he has handled several key assignments including Secretary (Expenditure), Secretary (Budget), and Principal Secretary of Finance. 

Mr Garg has degrees in Commerce and Law from the University of Rajasthan, Jaipur, and is a professionally qualified Cost and Works Accountant and a Company Secretary.

 
 
Deepak S Parekh
Member

Deepak S Parekh is the Chairman  of Housing Development Finance Corporation, India’s leading housing finance company in India which he joined in 1978. He is also the non-executive Chairman of GlaxoSmithKline Pharmaceuticals Ltd and director of several public companies such as Siemens, Exide Industries,  Castrol India, and Infrastructure Development Finance Company.  He has also been associated with various government committees including the Committee on Reforms in the Insurance Sector, Committee on Banking Sector Reforms, Investment Commission Committee and the Prime Minister’s Task Force on Infrastructure.   Mr. Parekh received a Bachelor of Commerce degree from the Bombay University and holds a Chartered Accountant degree from the Institute of Chartered Accountants in England & Wales.

 
 
Rajendra S Pawar
Member

Rajendra S Pawar is Chairman and Co-Founder of the NIIT Group, which encompasses: NIIT, a leading global talent development corporation, and NIIT Technologies, a software and services organization. He is currently developing an innovative higher education model at the not-for-profit NIIT University in Neemrana, Rajasthan.  Mr. Pawar has led several ICT industry bodies, including NASSCOM as its Chairman in 2011-12. He is a member of the Prime Minister’s National Council on Skill Development and served on the Prime Minister’s National Task Force in 1998 and was awarded the Padma Bhushan in 2011. Mr. Pawar studied at Scindia School in Gwalior and graduated with a B. Tech. in Electronics from the Indian Institute of Technology, Delhi. 

 
Shekhar Shah
Director General

Dr Shekhar Shah is the Director-General of NCAER. Prior to joining NCAER, Shah was the World Bank’s Regional Economic Adviser for South Asia and, earlier Sector Manager in the Bank’s research complex and a principal author of the 2004 World Development Report,  Making Services Work for Poor People. During a career at the Bank spanning more than two decades, Shah served as the Bank’s Deputy Research Administrator, Sector Manager for Governance and Public Sector Management for Europe and Central Asia, South Asia Governance Adviser and Public Sector Coordinator, and Lead Economist for Bangladesh. Before joining the Bank in 1989, he was the Ford Foundation’s Program Officer for Economics for South Asia. He worked earlier in the financial services sector in Washington DC consulting for the Federal Reserve Board, FDIC, the OCC, and bank holding companies in the US.  He received his BA in Economics from St Stephens College at Delhi University and his MA and PhD in Economics from Columbia University.