Seeking Prosperity in Turbulent Times

Hon’ble Finance Minister Smt. Nirmala Sitharaman
✨ HON’BLE FINANCE MINISTER SPEAKS AT 2025:

“Seeking prosperity in turbulent times by strengthening India’s economic resilience, driving fiscal stability, and advancing strategic frameworks toward Viksit Bharat 2047.”

— SMT. NIRMALA SITHARAMAN (UNION MINISTER OF FINANCE & CORPORATE AFFAIRS)

HOST

Shri N. K. Singh
INSTITUTIONAL PRESIDENT

Shri N. K. Singh

President, Board of Trustees, IEG & Chairman, 15th Finance Commission

Eminent economist and policymaker presiding over the Institute of Economic Growth (IEG), guiding global policy dialogues and economic research.

Michael Debabrata Patra
CHAIRMAN

Michael Debabrata Patra

Chairman, Board of Governors, IEG & Former Deputy Governor, RBI

Chairman, Board of Governors at Institute of Economic Growth (IEG) and former Deputy Governor of the Reserve Bank of India (RBI).

Prof. Sabyasachi Kar
DIRECTOR

Prof. Sabyasachi Kar

Director, Institute of Economic Growth (IEG)

Director and Senior Professor at Institute of Economic Growth (IEG), leading macroeconomic policy research and conclave proceedings.

Chair and Speakers

A.K. Bhattacharya

A.K. Bhattacharya is Editorial Director of Business Standard and a leading commentator on government affairs and economic policy. He has previously served as Editor of The Pioneer and held senior positions at The Economic Times and Financial Express. He is the author of several books on India’s economic and financial policy history and received the Shriram Lifetime Achievement Award for Financial Journalism

Albert Park

Albert F. Park is Chief Economist of the Asian Development Bank and Director General of its Economic Research and Development Impact Department. He is a leading development economist specialising in China and emerging Asia. His research spans poverty and inequality, migration, labour markets, microfinance, foreign investment and the future of work.

Andrés Velasco

Andrés Velasco is Dean of the School of Public Policy at the London School of Economics and Political Science and a former Finance Minister of Chile. He has held senior academic positions at Columbia, Harvard, and New York University. His work spans macroeconomics, international finance, economic development, and public policy, with extensive experience in multilateral and governmental advisory roles.

Anoop Singh

Anoop Singh is a Distinguished Fellow at NITI Aayog and the Centre for Social and Economic Progress. He previously served on India’s 15th Finance Commission and held senior positions at the International Monetary Fund, including Director of the Asia and Pacific Department. His expertise covers macroeconomics, fiscal federalism, financial regulation, international finance, and economic policy.

Assaf Razin

Assaf Razin is Professor Emeritus at Tel Aviv University and a former Professor of International Economics at Cornell University. A Fellow of the Econometric Society and recipient of the EMET Prize in Economics, his research focuses on international economics, public economics, taxation, fiscal policy, globalization, population economics, and the political economy of democratic and institutional change.

Bai Chong-En

Bai Chong-En is Dean of the School of Economics and Management at Tsinghua University and a Distinguished Professor of Arts, Humanities and Social Sciences. A Harvard-trained economist, he studies the relationship between economic institutions, public policy, development, and the Chinese economy. He has also served on the Monetary Policy Committee of the People’s Bank of China.

Cesar V. Purisima

Cesar V. Purisima is a Senior Fellow at the Milken Institute and Founding Partner of IKHLAS Capital. He served as Secretary of Finance of the Philippines from 2010 to 2016 and earlier as Trade and Industry Secretary. His expertise spans fiscal policy, economic reform, finance, investment, corporate governance, and regional economic development across Asia.

Chia Der Jiun

Chia Der Jiun is Managing Director of the Monetary Authority of Singapore, a position he has held since January 2024. He previously served as Permanent Secretary at Singapore’s Ministry of Manpower and held senior roles at MAS. His experience spans monetary policy implementation, reserve management, macroeconomic surveillance, banking supervision, regulation, payments, and institutional development.

Choi Byung-il

Choi Byung-il is President of the Trade Strategy & Innovation Hub at BAE, KIM & LEE LLC and Professor Emeritus at Ewha Womans University. A former Korean trade negotiator and academic leader, he specializes in international trade, trade negotiations, and US-China economic relations. He has also led major Korean economic, trade, and international studies organizations.

Ed Conway

Ed Conway is Economics and Data Editor at Sky News, an author, and an award-winning journalist. He is best known for Material World, which examines the raw materials underpinning the global economy. His work focuses on economics, data, industry, resources, supply chains, and the structural forces shaping growth, technology, trade, and contemporary economic policy.

Guo Kai

Guo Kai is Executive President and Senior Fellow of the CF40 Institute. He previously worked as an economist at the International Monetary Fund and held senior positions at the People’s Bank of China. His research focuses on the Chinese economy, macroeconomic policy and international finance, drawing on extensive experience in both Chinese and international financial institutions.

Hans H. Tung

Hans H. Tung is Associate Dean for Research & Development at National Taiwan University and Yageo Professor of Political Economy. His research examines political-economic dynamics under authoritarian rule, institutional development, political communication and China’s rise in East Asia. His work combines formal and empirical approaches to understand governance, political behaviour and regional economic dynamics.

Joël Ruet

Dr. Joël Ruet is Founder and Chairman of The Bridge Tank and a member of the Innovation Faculty at École Polytechnique, France. His expertise spans energy, strategic materials, new mobility technologies and climate finance. He advises governments and businesses across Asia, Africa and Europe and contributes to international policy forums including the G20, B20 and World Economic Forum.

Delegates

Bornali Bhandari

Prof. Bornali Bhandari is a Professor at the National Council of Applied Economic Research (NCAER), specialising in international economics and macroeconomics. Her research examines globalisation, development, trade, FDI, infrastructure, skilling, digitalisation and climate finance. She has undertaken extensive industry and policy research, including work on automobiles, farm mechanisation and digitisation. She holds a Ph.D. in Economics from the University of Oregon.

Meeta Keswani Mehra

Meeta Keswani Mehra: Meeta Keswani Mehra is a Professor of Economics at the Centre for the Study of the World Economy (CSWE) (formerly Centre for International Trade and Development (CITD), School of International Studies (SIS), Jawaharlal Nehru University (JNU). With a Ph.D. in Economics
from the Indian Statistical Institute, Delhi Centre, she has been a part of JNU since 2004. Her research interests are in the interface of environmental and climate economics, climate adaptation, extreme climate and welfare, heat and health impacts, growth theory, development macroeconomics,
international trade, energy economics, and politics of regulation.

Pami Dua

Prof. Pami Dua is Senior Professor of Economics and former Director of the Delhi School of Economics. She is a member of the Economic Advisory Council to the Prime Minister and has served on the RBI’s first Monetary Policy Committee. Her research focuses on time-series econometrics, forecasting, macroeconomics, monetary policy and business cycles. She holds a Ph.D. in Economics from the London School of Economics.

Prakarsh Singh

Dr. Prakarsh Singh is Chair Professor and DSEB Program Chair at Plaksha University. Previously a Science Leader at Amazon and Professor at Amherst College, he has over 14 years of research experience across academia and industry. His research spans development, health, behavioural, personnel and conflict economics. He has published extensively and received research grants from organisations including the World Bank and Gates Foundation.

Saon Ray

Professor Saon Ray is an economist specialising in industry and international trade, with research interests spanning low-carbon growth and financial inclusion. She is a Visiting Professor at ICRIER and has authored and co-edited books on global cooperation, G20 finance, global value chains and low-carbon pathways for India. She holds a Ph.D. in Economics from Jawaharlal Nehru University.

Keynote Video Broadcasts

RBI Governor Session
OCTOBER 2025

RBI Governor Session

S Jaishankar Session
OCTOBER 2025

S Jaishankar Session

Nirmala Sitharaman Session
OCTOBER 2025

Nirmala Sitharaman Session

Young Scholars

Amshika Amar

Associate Fellow of Earth Science and Climate Change Division, TERI, New Delhi

Blessy Augustine

Assistant Professor, Madras School of Economics

Chitralekha Upadhyay

Ph. D. scholar, Jawaharlal Nehru University, New Delhi

Christopher Tirkey

Research Scholar, Sikkim University, North East

Divya Singh

Ph.D. student, Delhi School of Economics, Delhi

Gogol M. Thakur

Assistant Professor, CDS, Thiruvananthapuram

Indrajit Bairagya

Assistant Professor, ISEC Bangalore

Mohd Murtaza

Assistant Professor, North Eastern Hill University, Shillong

Suman Das

Assistant Professor, Jawaharlal Nehru University, New Delhi

KEC Steering Committee

Anuradha Guru

Dr. Anuradha Guru is an officer of the Indian Economic Service of 1999 batch. She holds a Doctorate in Economics from Jawaharlal Nehru University and Masters in Economics from Delhi School of Economics.

Michael Debabrata Patra

Dr. Michael Debabrata Patra is an economist and career central banker who served as Deputy Governor of the Reserve Bank of India from 2020 to 2025. He was responsible for monetary policy, financial markets, financial stability, research and international relations, and was a founding member of the RBI’s Monetary Policy Committee. He is currently Chairman of the Board of Governors of IEG.

Rakesh Mohan

Rakesh Mohan is President Emeritus and Distinguished Fellow at the Centre for Social and Economic Progress and a member of the Economic Advisory Council to the Prime Minister. A former Deputy Governor of the RBI, Chief Economic Adviser and Secretary of Economic Affairs, he has played a significant role in India’s economic reforms. His expertise includes monetary policy, financial stability and urban economics.

Shri Sudhakar Dalela

Shri Sudhakar Dalela is Secretary (Economic Relations) in the Ministry of External Affairs, Government of India. A 1993-batch Indian Foreign Service officer, he has served as India’s Ambassador to Bhutan and in diplomatic missions across the United States, Bangladesh, Switzerland and Brazil. His expertise spans economic diplomacy, trade policy, development partnerships, multilateral economic relations and emerging strategic technologies. He is India’s Sherpa for BRICS, IBSA and I2U2.

Shri. NK Singh

Shri N.K. Singh, President, Institute of Economic Growth is a prominent Indian economist, academician, and policymaker. He is currently Chairman of the 15th Finance Commission, a body established under the Indian Constitution to oversee revenue sharing and other federal fiscal policy matters. Prior to this position, he presided as Chairman of the Fiscal Responsibility and Budget Management Review Committee (FRBM), responsible for setting targets for the government to reduce fiscal deficits. He also served as a member of the Upper House of the Parliament, the Rajya Sabha, from 2008 to 2014, during which time he contributed to several prominent Parliamentary Standing Committees including the Public Accounts Committee, the Committee on Foreign Affairs, and the Committee on Human Resource Development.

V. Anantha Nageswaran

Dr. V. Anantha Nageswaran is the 18th Chief Economic Adviser to the Government of India. Previously, he worked as an economist, author, teacher and consultant, with extensive experience in macroeconomic and financial markets research at international financial institutions in Switzerland and Singapore. He holds a Ph.D. in Economics from the University of Massachusetts Amherst and a management diploma from IIM Ahmedabad.

KEC Organizing Team

Anuradha Guru

Dr. Anuradha Guru is an officer of the Indian Economic Service of 1999 batch. She holds a Doctorate in Economics from Jawaharlal Nehru University and Masters in Economics from Delhi School of Economics.

Gogol M. Thakur

Assistant Professor, CDS, Thiruvananthapuram

Michael Debabrata Patra

Dr. Michael Debabrata Patra is an economist and career central banker who served as Deputy Governor of the Reserve Bank of India from 2020 to 2025. He was responsible for monetary policy, financial markets, financial stability, research and international relations, and was a founding member of the RBI’s Monetary Policy Committee. He is currently Chairman of the Board of Governors of IEG.

Rakesh Mohan

Rakesh Mohan is President Emeritus and Distinguished Fellow at the Centre for Social and Economic Progress and a member of the Economic Advisory Council to the Prime Minister. A former Deputy Governor of the RBI, Chief Economic Adviser and Secretary of Economic Affairs, he has played a significant role in India’s economic reforms. His expertise includes monetary policy, financial stability and urban economics.

📅 KEC 2025 FOURTH EDITION • 3–5 OCTOBER 2025

KEC 2025 Agenda (Fourth Edition)

“Seeking Prosperity in Turbulent Times” • Deliberating on 21st-century realities of global financial governance, strategic autonomy, Asian growth dynamics, youth skilling, and climate resilience.

DAY ONE
Friday, 3 October 2025
01
DAY 2
02
DAY 3
03
🕒 08:45 – 09:00 IST 🏛️ Shahjehan Hall
OPENING REMARKS

OPENING REMARKS

N. K. Singh
N. K. Singh
President, Board of Trustees, Institute of Economic Growth and Chairman, 15th Finance Commission, INDIA
Michael Debabrata Patra
Michael Debabrata Patra
Chairman-Board of Governors, Institute of Economic Growth and Former Deputy Governor, Reserve Bank of India
Sabyasachi Kar
Sabyasachi Kar
Director and Professor, Institute of Economic Growth, INDIA
🕒 09:00 – 10:00 IST 🏛️ Shahjehan Hall
PLENARY SESSION 1

Seeking Prosperity in Turbulent Times

Watch Video

Inaugural Address by Hon’ble Finance Minister Smt. Nirmala Sitharaman. Moderator: Shri N. K. Singh. Topic: Seeking Prosperity in Turbulent Times. Deliberating on economic resilience, global turbulence, fiscal policies, and strategic pathways to prosperity in an uncertain world.

Nirmala Sitharaman,
INAUGURAL ADDRESS Nirmala Sitharaman,, Hon’ble Minister of Finance, Hon’ble Minister of Corporate Affairs, Government of India
N. K. Singh,
MODERATOR N. K. Singh,, President, Institute of Economic Growth, and Chairman, 15th Finance Commission
Mari Elka Pangestu
Mari Elka Pangestu
Special Advisor for International Trade and Multilateral Cooperation to President of Indonesia; Distinguished Visiting Fellow Peterson Institute; Prof. Univ of Indonesia
Larry Kramer
Larry Kramer
President and Vice-Chancellor, London School of Economics and Political Science (LSE)
🕒 10:00 – 11:30 IST 🏛️ Shahjehan Hall
PARALLEL SESSIONS 2

An Asian Century

Asia has emerged out of the pandemic as the world’s fastest growing region, contributing over two-thirds of global growth, with stability in an unsettled global environment. It is a powerhouse of international trade, with an expanding footprint in frontline commerce such as digital trade. More than half of the world's population live in Asia today. This session will discuss the prospects of Asia leveraging its growing economic heft to prise out a window of opportunity amidst formidable challenges. Varying demographic trends in different parts of the region have implications for intra-regional migration. Asia also faces the challenge of sustaining labour-intensive, export-led growth in view of labour-displacing technologies. The outlook is clouded by geo-political tensions, looming trade wars, weaponization of finance and shifts in global value chains. An overarching challenge is the threat of climate change, the costs of energy transition and the shift to renewable fuels as it strives to secure the 21st century as Asia’s century.

Rakesh Mohan,
CHAIR Rakesh Mohan,, President Emeritus and Distinguished Fellow, Centre for Social and Economic Progress (CSEP)
V. Anantha Nageswaran
V. Anantha Nageswaran
Chief Economic Advisor, Government of India
Chong En Bai
Chong En Bai
Director, National Institute for Fiscal Studies at Tsinghua University
Kazuto Suzuki
Kazuto Suzuki
Professor, Graduate School of Public Policy, University of Tokyo; Director, Institute of Geo-economics, International House of Japan; President, Japan Association of International Security and Trade
Hans H. Tung
Hans H. Tung
University Excelsior Chair Professor of Political Science, National Taiwan University; Professor, Taipei School of Economics & Political Science, National Tsing Hua University; Associate Dean for Research & Development, College of Social Sciences, National Taiwan University
Chia Der Jiun
Chia Der Jiun
Managing Director, Monetary Authority of Singapore
🕒 12:00 – 13:30 IST 🏛️ Multiple Halls
PARALLEL SESSIONS
Interactive Session 1A

Deepening India’s Asian Engagement

CHAIR: B. V. R. Subrahmanyam, CEO, NITI Aayog, Government of India
Rajiv B. Lall
Rajiv B. Lall
Chair, Board of Trustees, CoST – The Infrastructure Transparency Initiative; Professorial Research Fellow, Sim Kee Boon Institute for Financial Economics, Singapore Management University
Heiwai Tang
Heiwai Tang
Victor and William Fung Professor in Economics; Director, Asia Global Institute; Associate Vice President (Global) and Associate Dean for External Relations, Business School, University of Hong Kong
Johannes Zutt
Johannes Zutt
Regional Vice President, The World Bank
Ranil Salgado
Senior Resident Representative, IMF
Pranjul Bhandari
Chief India Economist, HSBC, India
✨ SHRI JYOTIRADITYA M. SCINDIA SPEAKS AT 2025:

“Accelerating India’s digital transformation, expanding 5G communications infrastructure, and empowering regional connectivity to build a digitally robust Viksit Bharat 2047.”

— SHRI JYOTIRADITYA M. SCINDIA (HON’BLE MINISTER OF COMMUNICATIONS & DoNER)
Hon’ble Minister Shri Jyotiraditya M. Scindia

Newspaper Coverage

📰
The Economic Times

The Economic Times — Kautilya Economic Conclave Opening & Plenary Special

Read Clipping PDF →
📰
The Economic Times

Edition 2025

Read Clipping PDF →

Official Press Releases

📅 5 October 2025 ID: 2175552

Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman to inaugurate fourth Kautilya Economic Conclave (KEC 2025) with theme ‘Seeking Prosperity in Turbulent Times’ in New Delhi from 3rd-5th October, 2025

📅 3 October 2025 ID: 2175552

Fourth Kautilya Economic Conclave (KEC 2025) with the theme ‘Seeking Prosperity in Turbulent Times’ concluded successfully in New Delhi

Dignitary Photo

Member Name

Designation & Institution
KEC 2025 DIGNITARY

Biography