Apurva Sanghi

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Apurva Sanghi
Born
Apurva Sanghi

(1970-01-15) January 15, 1970 (age 55)
Nationality Indian
Education University of Chicago (Phd)
University of California, Los Angeles (UCLA) (BS & BA)
OccupationEconomist
Employer World Bank

Apurva Sanghi (born January 15, 1970) is an economist and currently holds the role of Lead Economist at the World Bank. Throughout his two decade career at the World Bank, he has held important economist roles in various countries including Singapore, Kenya, Russia and most recently Malaysia. Sanghi has also taught economics at the University of Chicago, Thammasat University (Bangkok) and Russia's MGIMO University.

Contents

Early life & education

Sanghi was born on January 15, 1970, in Lucknow, Uttar Pradesh, in India. According to interviews, he then spent the majority of his early life living in various places in the Indian subcontinent. [1]

At the age of 18, Sanghi relocated to the United States where he double majored in physics and business-economics at the University of California (UCLA). He obtained his PhD in economics from the University of Chicago. During his PhD, Sanghi was part of a joint University of Chicago and TDRI team in Bangkok, conducting surveys in over 40 Thai villages to advise the government on agricultural diversification. His PhD dissertation was on the economics of climate change. [2]

Sanghi was also a visiting fellow at Yale University. [1]

Career

In 1998, Sanghi secured his first job in the private sector in Washington DC, working on restructuring and privatization of utilities in the US, Latin America and South Asia for an economics consulting firm. He joined the World Bank in 2000 before moving to Singapore where he led the Asia regional operations of the World Bank-PPIAF. [3] Upon returning to Washington DC with the World Bank, Sanghi led an inter-disciplinary World Bank - United Nations team that published the first major analysis on the economics of disasters, endorsed by several Nobel economist laureates. [4] He was a lead author for the Intergovernmental Panel on Climate Change (IPCC)’s Special Report on Managing the Risks of Extreme Events and Disasters to Advance Climate Change Adaptation. [5]

In 2012, Sanghi began his first role in Africa as the World Bank's Lead Economist for Kenya, Rwanda, Uganda, and Eritrea. [6] Based in Nairobi, Sanghi was the first to estimate how much each Kenyan county contributes to national growth. [7] His work later earned him recognition from Forbes and others, [8] for his efforts to fix misleading GDP figures. [9] [10]

Sanghi delivered a live TEDx talk from the Kakuma Refugee Camp in Kenya in 2018. [11] His talk balanced the strain of refugee presence, for example, on the local environment with the economic benefits of refugee presence. [12] [13] He also frequently spoke and wrote about Kenyan growth challenges, and the emergence of the Kenyan oil market, emphasizing challenges and potential to transform the country's economy. [14] [15] [16]

Sanghi co-authored the World Bank Policy Research Working Paper with Dylan Johnson titled, “Deal or No Deal: Strictly Business for China in Kenya?" in 2016. The paper critically examined China's economic presence in Kenya, challenging prevailing myths and offering nuanced insights into the bilateral relationship. [17] While in Africa, Sanghi co-authored an op-ed with Nobelist Nobelist Kenneth J. Arrow which drew attention to harnessing the role of technology and incentives to improve health outcomes in Africa and elsewhere. [18]

Sanghi began his role as the World Bank's Lead Economist for the Russian Federation in 2016. During his time based in Moscow, he was interviewed frequently on Russia’s economic performance and policy challenges. [19] [20] [21] [22] He has spoken publicly about the use of sanctions and how oil price shocks have dwarfed sanctions shocks. [23] Sanghi wrote a running Forbes column in Russian, which became popular with Russian citizens. [24] He was also a guest lecturer at Russia's MGIMO University in 2018.

In 2021, Sanghi became the World Bank's Lead Economist for Malaysia, based in Kuala Lumpur. [25] [26] In February 2025, he was invited to speak about cost of living pressures in Malaysia at the Malaysian Cabinet Retreat. [27] [28] He is known for engaging directly with the Malaysian public on critical economic issues such as through his appearance in Keluar Sekejap, Malaysia's most popular podcast, where he was the first economist and foreigner to be on it. Elsewhere, Sanghi has been vocal about Malaysia's economic challenges but also its significant progress in reducing poverty. [29] He noted that the percentage of Malaysians living in poverty has decreased substantially, lifting over 14 million people out of poverty since the country's independence. [30] [31]

References

  1. 1 2 Tan, Quincy (September 8, 2025). "Tricks of the Trade". The Edge (Malaysia).
  2. Sanghi, Apurva; Mendelsohn, Robert (2008). "The impacts of global warming on farmers in Brazil and India". Global Environmental Change. 18 (4). Academia: 655–665. Bibcode:2008GEC....18..655S. doi:10.1016/J.GLOENVCHA.2008.06.008.
  3. "Counting the cost of calamities". The Economist. January 14, 2012.
  4. "Natural Hazards, Unnatural Disasters: The Economics of Effective Prevention". World Bank. November 15, 2010.
  5. Field, Christopher B.; Barros, Vicente; Stocker, Thomas F.; Dahe, Qin, eds. (August 2012). Managing the Risks of Extreme Events and Disasters to Advance Climate Change Adaptation. Cambridge University Press. doi:10.1017/CBO9781139177245. ISBN   978-1-107-02506-6.
  6. "How to fix corporate social responsibility". World Economic Forum. November 27, 2014.
  7. Dawkins, David (August 3, 2019). "GDP Is Broken - Meet The Leaders Trying To Fix It". Forbes .
  8. "The Economics of Disaster". The New Times. January 16, 2012.
  9. Manson, Katrina (February 12, 2015). "Falling crude price hits prospects for east Africa". Financial Times.
  10. Aglionby, John (November 12, 2015). "Bright lights, growing cities and African statistics". Financial Times.
  11. "Refugees are Good for Local Economies". TED (conference). 16 July 2018.
  12. "European countries should make it easier for refugees to work". The Economist. April 21, 2018.
  13. Aglionby, John (October 29, 2018). "UN asks world to approve blueprint for business to invest in refugees". Financial Times.
  14. "Economic Memorandum: Kenya's Growth Story: Past, Present and Future". World Bank. March 2016.
  15. "Refugees need not be a burden, if they are allowed to work". The Economist. April 21, 2018.
  16. "The peculiar economics of a refugee camp". Brookings Institute. March 25, 2015.
  17. "Deal or No Deal: Strictly Business for China in Kenya?". World Bank . April 20, 2016. SSRN   2757452.
  18. Arrow, Kenneth (December 4, 2015). "Why Economists Put Health First". Project Syndicate.
  19. Foy, Henry. "Russians sceptical of Putin's grand projects as economy founders". Financial Times.
  20. "Factory demise symbolises rot at core of Russian economy". Financial Times.
  21. Cordell, Jake (26 May 2021). "World Bank Urges Russia to Adopt Guaranteed Minimum Income to Slash Poverty". The Moscow Times.
  22. Foy, Henry (April 19, 2017). "Russian oil groups brave cold of western sanctions to explore Arctic". Financial Times.
  23. "Will Russia's new fiscal rule end its oil and gas dependence?". Brookings Institution. December 6, 2017.
  24. "Рубль снялся с якоря: что оторвало российскую валюту от нефтяных цен". Forbes Russia .
  25. "Malaysia's Fiscal Consolidation Strategy is Challenging". Bloomberg. February 2, 2023.
  26. "Malaysia's Budget might be Expansionary ahead of the Polls". Bloomberg. September 27, 2022.
  27. Moss, Daniel (10 July 2023). "Malaysia 2.0 Needs More Than a Booming Economy". Bloomberg. Bloomberg.
  28. "Anwar's call to Cabinet: Open ears, open hearts, stronger Madani govt". Malay Mail. February 22, 2025.
  29. "Malaysia Outlook Conference 2024: Ensuring Stability Delivers". Institute for Democracy and Economic Affairs.
  30. Rasfan, Mohd. "Malaysia could reach high-income status by 2028, World Bank says". Al Jazeera.
  31. "Malaysia's success in lifting millions out of poverty is often overlooked". Bernama. August 28, 2025.