Venkatraman Anantha Nageswaran | New Chief Economic Advisor of India

WHO IS VENKATRAMAN ANANTHA NAGESWARAN?

Dr Venkatraman Anantha Nageswaran is a distinguished economist involved primarily in the field of academia. Nageswaran graduated with a post-graduate diploma in Management (MBA) from the Indian Institute of Management (IIM), Ahmedabad in 1985. He later obtained a doctoral degree from the University of Massachusetts Amherst in 1994 for his work on the empirical behaviour of exchange rates.

It may be noted that he had held several leadership roles in macro-economic and capital market research for several private wealth management institutions in Switzerland and in Singapore between 1994 and 2011.

Nageswaran is a visiting distinguished professor of economics at Krea University. He also worked as a part-time member of the Prime Minister’s economic advisory council between 2019 and 2021. He has also co-authored multiple books, including ‘The Economics of Derivatives’ and ‘The Rise of Finance: Causes, Consequences and Cures’.

 Biography

Dr Venkatraman Anantha Nageswaran is a distinguished economist involved primarily in the field of academia. Nageswaran graduated with a post-graduate diploma in Management (MBA) from the Indian Institute of Management (IIM), Ahmedabad in 1985.

Education PhD, University of Massachusetts, Amherst, MA (USA), 1990-1994 Post Graduate Diploma in Management ( Master of Business Administration), Indian Institute of Management, Ahmedabad, 1983-1985 Bachelor of Commerce, American College, Madurai, India, 1980-1983 Subjects Taught/ Student Project Mentor Financial Markets.

Dr V Anantha Nageswaran, who was appointed as the Chief Economic Advisor by the government, assumed the charge today, finance ministry said in a statement. Nageswaran succeeds K V Subramanian, who demitted office of CEA in December 2021 after the completion of his three-year term.

Prior to this appointment, Dr Nageswaran has worked as a writer, author, teacher and consultant. He has taught at several business schools and institutes of management in India, and in Singapore and has published extensively.

He was the Dean of the IFMR Graduate School of Business and a distinguished Visiting Professor of Economics at Krea University.

Dr Venkatraman Anantha Nageswaran

Dr Venkatraman Anantha Nageswaran, an academic and former executive with Credit Suisse Group AG and Julius Baer Group, has been appointed as the Chief Economic Adviser (CEA) to the Government of India. He succeeds former CEA KV Subramanian who returned to academia at the end of his three-year tenure in December.

His appointment comes at a time when India’s economy is showing signs of recovery, but faces some fresh challenges due to the impact of the third wave of the Covid-19 pandemic.

Some of the challenges that he along with the finance ministry need to tackle include income inequality and growing unemployment among its billion-plus population.

The new CEA will be responsible for providing fresh ideas to bolster growth, investments and limiting fiscal deficit.
In his new role, Nageswaran would be required to share views on key policy matters with the finance minister as well as being the lead author of the Economic Survey, which is the annual report card of the economy that gets tabled in Parliament ahead of the budget.

 Publications

• “Global Financial Markets – Issues and Perspectives” – – a selection of articles written for ‘Business Line’ – published in April 2003 by the Institute of Certified Financial Analysts of India (ICFAI)
• ‘Economics of Derivatives’, jointly with Dr. T.V. Somanathan, published by Cambridge University Press (2015)
• ‘Can India Grow?’, jointly with Gulzar Natarajan, published by the Carnegie Endowment for International Peace (2016)

V Anantha Nageswaran named new chief economic advisor

 The Dean of IFMR GSB, Dr Anantha-Nageswaran is also a Consultant, Teacher and Writer. He has a Post-Graduate Diploma in Management (MBA) from the Indian Institute of Management, Ahmedabad (1985) and a doctoral degree in Finance from the University of Massachusetts in 1994 for his work on the empirical behaviour of exchange rates.

Between 1994 and 2004, he worked for Union Bank of Switzerland (now UBS) and for Credit Suisse in Switzerland and in Singapore. In July 2006, he joined Bank Julius Baer & Co. Ltd. in Singapore as the Head of Research for Asia. In March 2009, he was appointed as the Chief Investment Officer for the bank, and has been consulting, writing and teaching since July 2011.

Dr Anantha-Nageswaran has been an adjunct faculty with the Singapore Management University and with the Wealth Management Institute at the Nanyang Technological University, and is a co-founder and member of the Board of Directors of NPS International School, Singapore. He is a member of the Board of Directors of several companies in India, including TVS Logistics and Aparajitha Corporate Services (P) Limited.

He helped co-found Aavishkaar Venture Capital (Venture Capital Investor in Social Enterprises) and the Takshashila Institution (a public policy think-tank cum teaching institute). His co-authored books, ‘Economics of Derivatives’ and ‘Derivatives’ were published by the Cambridge University Press in March 2015 and October 2017 respectively. Another co-authored work, ‘Can India grow?’ has been published by Carnegie Endowment for International Peace in November 2016. His recent book, “The Rise of Finance: Causes, Consequences and Cures” has been published in 2019 by Cambridge University Press.

Dr V Anantha Nageswaran has taught at several business schools and institutes of management in India and in Singapore and has published extensively. He has also been a part-time member of the Economic Advisory Council to the Prime Minister of India from 2019 to 2021. He holds a Post-Graduate Diploma in Management from the Indian Institute of Management, Ahmedabad, and a doctoral degree from the University of Massachusetts in Amherst.

Professor
Business and Management
S P Jain School of Global Management
United Arab Emirates

Research Interest

Financial Markets

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