Vijay L Kelkar

Padma Vibhushan, Chairman XIII Finance Commission (2007-10), President Indian Statistical Institute,
and Chairman National Institute of Public Finance and Policy

Dr. Vijay L. Kelkar is one of India’s most eminent economists and technocrats, and a renowned public policy thought-leader. The President of India awarded him the Padma Vibhushan, India’s second highest civilian award, in 2011 for his distinguished and exceptional services to the nation. He has been a member of the IIHS Board since 2010.


He has served the Government of India in senior positions, including: Chairman, XIII Finance Commission, in the rank of Union Cabinet Minister (2007-10); Advisor to the Minister of Finance, in the rank of a Minister of State (2002-4); Finance Secretary (1998–99); Chairman, Tariff Commission (1997–98); Secretary, Ministry of Petroleum & Natural Gas (1994–97); Chairman, Bureau of Industrial Costs & Prices (1987–1991); and Secretary, Economic Advisory Council to the Prime Minister, (1985–88).

He has had a distinguished international career as: Chairman, Forum of Federations, Ottawa (2010-13); IMF Executive Director for India, Sri Lanka, Bangladesh and Bhutan (1999-2002); and Director and Coordinator, International Trade Division, UNCTAD (1991–1994).


Dr. Kelkar has been actively involved in the governance and development of key national higher education and research institutions. He currently serves as the Chairman, National Institute of Public Finance and Policy (NIPFP); President, Indian Statistical Institute (ISI), Kolkata; and Board member of the Administrative Staff College of India, Hyderabad.


Dr. Kelkar was the Chairman of the National Stock Exchange of India (2010-12) and is an independent Director on the Boards of various global companies including JSW Steel Ltd., JM Financial Ltd, Lupin Ltd and Go Airlines (India) Ltd. He serves on many non-profits, including as Chairman, India Development Foundation, New Delhi; Chairman, Janwani, Pune; and Vice President, Pune International Centre (PIC).


Dr. Kelkar holds a BS from the University of Pune, MS from the University of Minnesota and PhD from the University of California, Berkeley. He has taught at the: Administrative Staff College of India, Hyderabad; Center for Economic Development and Administration, Kathmandu; South Asia Institute, Heidelberg University; and University of California, Berkeley.