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Kaushik Basu joins as Chief Economic Adviser in Finance Ministry

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Well-known economist Kaushik Basu today joined as Chief Economic Adviser, Department of Economic Affairs, Ministry of Finance in the rank of Secretary to the Government of India.


Dr Basu, 57, was Professor of Economics and Carl Marks Professor of International Studies, Department of Economics at Cornell University in the United States. He was also Director of the Centre for Analytic Economics at Cornell.


After doing BA (Hons.) in Economics in 1972 from St. Stephen’s College in, Delhi University, Dr. Basu completed M.Sc. and then Ph.D in Economics from the London School of Economics (LSE).

Dr. Basu was honoured with the Padma Bhushan by the Government in 2008. He was awarded the National Mahalanobis Memorial Medal in 1989. He has been a Fellow of the Econometric Society since 1991.


During a long and distinguished teaching career, Dr Basu has served as a Reader at the Delhi School of Economics (DSE) from 1978-85 as as Professor of Economics at DSE from 1985-94. He has also been a Visiting Professor at several well-known institutions, including Princeton, LSE, Harvard, MIT and Stockholm University.


He began his assignment as Professor of Economics at Cornell in 1994.


Dr Basu has been on the editorial boards of several journals and associated with several professional organisations. He has also served on many committees. He has written and edited several books. He has authored scores of papers and popular essays. Apart from this, he wrote a monthly column for BBC News Online and a fortnightly column for the Hindustan Times.


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