Arvind Virmani | |
---|---|
![]() | |
Full time member of NITI Aayog | |
Assumed office 16th November 2022 | |
13th Chief Economic Adviser to the Government of India | |
In office 2007 - 2009 | |
Personal details | |
Born | 22 June 1949 |
Nationality | Indian |
Alma mater | Delhi University (BSc) Caltech (BS) Harvard University (MA,PhD) |
Profession | Economist |
Arvind Virmani (born 22 June 1949) is an Indian economist and full time Member of NITI Aayog. He was appointed India's representative to the International Monetary Fund in 2009. Prior to that,he was the Chief Economic Advisor to the Government of India. [1]
Virmani’s parents moved to Delhi’s Jhandewalan area after Partition. He attended St.Columba's School,Delhi in his childhood. Once he turned 11,his father decided to send him to Doon School. He graduated with a degree in Physics from the St. Stephen's College,Delhi and studied Electronics and Economics at California Institute of Technology,following which,he received MA and PhD in economics from Harvard University under the supervision of Kenneth Arrow in 1975. [2] [3]
After receiving a doctorate from Harvard,Virmani moved to New York University for a teaching assignment. He returned to India around the end of Indira Gandhi’s Emergency rule in 1977. He had two job offers. One,he was shortlisted for Reader at the Delhi School of Economics and the other a job with the World Bank. After consulting with Ashok Lahiri,who was second on the panel of shortlisted candidates for the Reader job at DSE,Virmani opted for the latter. After spending nearly 10 years as Senior Economist at World Bank,Virmani returned to India in 1987. He served the government from 1987 in senior positions in the finance ministry and the Planning Commission for over two decades. He worked on various economic policy papers during the 1990s that led to various reforms. He has been an advisor to the Indian Government at the highest levels,including as Principal Advisor,at the Planning Commission and Chief Economic Advisor at,the Ministry of Finance.[1] During his period as the Chief Economic Advisor to the Government of India,Virmani wrote the Economic Survey of India (2008-2009). In 2009,he was appointed as India's representative in the International Monetary Fund (IMF),a position often considered to be a reward for bureaucrats coming close to retirement and that has three years of office. He served as a member of the Technical Advisory Committee of the RBI on Monetary Policy from February 2013 to August 2016. [3] [4] [5] [6] [7]
He was also a Member of the Board of EXIM Bank,Chairman of,Board of Trustees in SBI Mutual Fund,Director of Life Insurance Corporation of India (LIC),Member of the SEBI Appellate Tribunal and Depositories Act Appellate Tribunal,Director of Punjab National Bank,Allahabad Bank and Member of the Board of Trustee in Unit Trust of India. [7] [4]
He is the founder of EGROW Foundation,a non-profit,multi-disciplinary public policy organisation engaged in independent,high-quality research in the areas of macroeconomic policy,public welfare,national security and diplomacy. [8] [7]
He was appointed a full-time member of NITI Aayog in November 2022 [9]
He has published several articles in the areas of Macroeconomics growth and finance,International trade &Tariffs and International relations. [7] From Uni-polar To Tri polar World:Multi-polar Transition Paradox, [10] Propelling India From Socialist Stagnation To Global Power. [11]
The National Security Advisor is the senior official on the National Security Council of India,and the chief advisor to the Prime Minister of India on national security policy and international affairs. In 2019,the term of Ajit Doval the current NSA was extended for another 5-year term,and has been assigned the rank of a Union Cabinet Minister and ranks at the seventh position in the Indian Order of Precedence.
The National Security Council (NSC) of India is an executive government agency tasked with advising the Prime Minister's Office on matters of national security and strategic interest. It was established by the former Prime Minister of India Atal Bihari Vajpayee on 19 November 1998,with Brajesh Mishra as the first National Security Advisor. Prior to the formation of the NSC,these activities were overseen by the Principal Secretary to the preceding Prime Minister.
Raghuram Govind Rajan is an Indian economist and the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago's Booth School of Business. Between 2003 and 2006 he was Chief Economist and director of research at the International Monetary Fund. From September 2013 through September 2016 he was the 23rd Governor of the Reserve Bank of India. In 2015,during his tenure at the RBI,he became the Vice-Chairman of the Bank for International Settlements.
Maurice Moses "Maury" Obstfeld is a professor of economics at the University of California,Berkeley and previously Chief Economist at the International Monetary Fund. He is also a nonresident senior fellow at the Peterson Institute for International Economics.
Deepak Nayyar is an Indian economist and academician. He is a professor of economics at Jawaharlal Nehru University,New Delhi and Chairperson of the Board of Governors of Centre for the Study of Developing Societies (CSDS) New Delhi. He has taught at the University of Oxford,the University of Sussex,the Indian Institute of Management Calcutta (IIM-C),and the New School for Social Research,New York City. He was Vice Chancellor of the University of Delhi from 2000 to 2005.
Arvind Panagariya is an Indian-American economist who is the Jagdish Bhagwati Professor of Indian Political Economy at Columbia University and is also the Director of Deepak and Neera Raj Center on Indian Economic Policies at School of International and Public Affairs at Columbia University in New York City. He served as first vice-chairman of the government of India think-tank NITI Aayog between January 2015 and August 2017. He is a former Chief Economist of the Asian Development Bank. He was awarded the Padma Bhushan by the President of India in 2012 for his contributions in the field of economics and Public Policy. He is an authority on free trade and widely regarded as the foremost expert in the world on Indian economy.
Subir Vithal Gokarn was one of the four Deputy Governors of the Reserve Bank of India along with Anand Sinha,K.C. Chakrabarty and H.R.Khan. He was replaced by Urjit Patel in January 2013.
The chief economist of the International Monetary Fund (IMF) is also the economic counsellor and director of the fund's Research Department and is responsible for providing independent advice to the fund on its policy issues,integrating ideas of the research in the design of policies,conveying these ideas to the policymakers inside and outside the fund and managing all research done at IMF. The chief economist is a member of the Senior Leadership of the IMF.
Rakesh Mohan is an Indian economist and former Deputy Governor of Reserve Bank of India. He is the Vice Chairperson of Indian Institute for Human Settlements. He was appointed in November 2012 as an executive director of the IMF for a three-year term,and in April 2010,he joined NestléIndia,as a non-executive director.
Gita Gopinath is an Indian-American economist who has served as the first deputy managing director of the International Monetary Fund (IMF),since 21 January 2022. She had previously served as chief economist of the IMF between 2019 and 2022.
Arvind Subramanian is an Indian economist and the former Chief Economic Advisor to the Government of India,having served from 16 October 2014 to 20 June 2018. Subramanian is currently a Senior Fellow at the Watson Institute for International and Public Affairs at Brown University. He previously served as Professor of Economics at Ashoka University and a Senior Fellow at the Peterson Institute for International Economics and Center for Global Development.
YannisStournaras is a Greek economist who has been the Governor of the Bank of Greece since June 2014.
Urjit Patel is an Indian economist,who formerly served as the 24th Governor of the Reserve Bank of India and also Deputy Governor of Reserve Bank of India,looking after monetary policy,economic research,financial markets,statistics and information management. He resigned from his post on 10 December 2018,being the first RBI governor to state personal reasons as a driving factor for resigning.
National Council of Applied Economic Research (NCAER) is India’s oldest and largest independent,non-profit,economic policy research think tank. Established in New Delhi in 1956,it acquired considerable national and international standing within only a few decades of its founding. It is one of a handful of think tanks globally that combine rigorous analysis and policy outreach with deep data collection capabilities,especially for household surveys.
Nicoletta Batini is an Italian economist,notable as a scholar of innovative monetary and fiscal policy practices. During the crisis she pioneered the IMF work exposing the dangers of excessive fiscal austerity and designed ways to consolidate public debt successfully during phases of financial deleveraging. Since 2003 at the International Monetary Fund,she has served as Advisor of the Bank of England’s Monetary Policy Committee between 2000-2003 and was Professor of Economics at the University of Surrey (2007-2012),and Director of the International Economics and Policy office of the Department of the Treasury of Italy’s Ministero dell’Economia e delle Finanze (MEF) between 2013-2015. Batini's fields of expertise include monetary policy,public finance,open economy macroeconomics,labor economics,energy and environmental economics,and economic modeling. She has handled extensive consultancy roles in the public sector in advanced and emerging market countries. She holds a Ph.D. in international finance from the Scuola Superiore S. Anna and a Ph.D. in monetary economics from the University of Oxford.
The NITI Aayog serves as the apex public policy think tank of the Government of India,and the nodal agency tasked with catalyzing economic development,and fostering cooperative federalism and moving away from bargaining federalism through the involvement of State Governments of India in the economic policy-making process using a bottom-up approach. Its initiatives include "15-year road map","7-year vision,strategy,and action plan",AMRUT,Digital India,Atal Innovation Mission,Medical Education Reform,agriculture reforms,Indices Measuring States’Performance in Health,Education and Water Management,Sub-Group of Chief Ministers on Rationalization of Centrally Sponsored Schemes,Sub-Group of Chief Ministers on Swachh Bharat Abhiyan,Sub-Group of Chief Ministers on Skill Development,Task Forces on Agriculture and up of Poverty,and Transforming India Lecture Series.
The Fifteenth Finance Commission is an Indian Finance Commission constituted in November 2017 and is to give recommendations for devolution of taxes and other fiscal matters for five fiscal years,commencing 2020-04-01. The commission's chairman is Nand Kishore Singh,a senior member of the Bharatiya Janata Party (BJP) since March 2014,with its full-time members being Ajay Narayan Jha,Ashok Lahiri and Anoop Singh. In addition,the commission also has a part-time member in Ramesh Chand.
Rajiv Kumar is an Indian economist who had served as the second vice-chairman of the NITI Aayog. He also serves as the chancellor of Gokhale Institute of Politics and Economics,Pune His earlier stint in government was initially with the Ministry of Industry and subsequently in the Ministry of Finance,as economic advisor during the reform years of 1991-1994. He has wide experience of having worked in government,academia,industry associations,as well as in international financial institutions. He also served as an independent director on the central boards of the Reserve Bank of India and the State Bank of India.
Krishnamurthy Venkata Subramanian is an Indian economist who served as the 17th Chief Economic Adviser to the Government of India. Subramanian is a leading expert on economic policy,banking and corporate governance,who was the youngest Chief Economic Advisor to the Government of India,serving from 2018 to 2021. He has been appointed to the post of India's Executive Director at the IMF,with effect from November 1,2022.
Suman Bery is an Indian economist,academic,and writer who is the Vice Chairman of NITI Aayog. After serving at the World Bank for 28 years,Bery served as the Chief Economist of Oil and Gas supermajor Royal Dutch Shell,based in The Hague,Netherlands. He is a Global Fellow in the Woodrow Wilson International Center for Scholars in Washington DC and a Non-resident Fellow of Brussels based think tank Bruegel. He was the former director general of National Council of Applied Economic Research and the former Indian country director of International Growth Centre.