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Ajit Ranade


Human capital is not just an instrumental view of human beings as a resource for the economy, it is also as an integral part of a robust democracy and flourishing society. Thus, investment — whether in physical or human capital — is one of the big priorities of current times.

Dr. Ajit Ranade is President and Chief Economist of the Aditya Birla Group. His professional career covers a vast range of academic and corporate assignments, including teaching in universities in India and U.S.  Dr. Ranade serves as a Director on the Board of Hindalco Almex Aerospace Limited, a joint venture company of Hindalco and Almex Inc. of USA. He was an independent director of the Multi Commodity Exchange of India Ltd. He has served on various committees of the Reserve Bank of India, most recently in the committee for Fuller Capital Account Convertibility. Dr. Ranade is a member of the Board of India Today Economists, Chairman of the CII West Zone Sub Committee on Economic Affairs and the Research Advisory Panel of the Indian Institute of Banking and Finance. He is a member of the Senate and Advisory Council of Indian Institute of Technology, Bombay. Dr. Ranade earned a B. Tech in Electrical Engineering from IIT Bombay, a PGDM from IIM Ahmadabad and holds an MA and PhD in Economics from Brown University, U.S.A.President.

Currently Chief Economist of the Aditya Birla Group Dr. Ranade has earlier been an Executive Officer of Financial Technologies India Ltd. and Chief Economist at ABN AMRO Bank.

Dr Ranade has authored a number of books including Life Insurance in India: Emerging IssuesThree Questions about Insurance Liberalisation, Maharashtra's EGS: Regional Patterns, Scope for Reforms and Replication. He is a co founder and trustee of Association for Democratic Reforms, a group seeking transparency in Indian politics.

Dr. Ranade is a fellow of the prestigious The Takshashila Institution, an independent, non-profit organisation and a leading voice in India’s public policy discourse.