Prof. S. Mahendra Dev

S. Mahendra Dev_Axis-Bank

Prof. S. Mahendra Dev
Independent Director
- Axis Bank

Prof. S. Mahendra Dev has been the Director and Vice Chancellor, Indira Gandhi Institute of Development Research (IGIDR) in Mumbai, India since 2010. Prior to this position, he was Chairman of the Commission for Agricultural Costs and Prices, Ministry of Agriculture from 2008 to 2010. He is Vice Chairman of the Board of Trustees of International Food Policy Research Institute (IFPRI), Washington, D.C. He was also member of the Board of IFPRI for seven years from 2013 to 2019. He was member and Acting Chairman of the National Statistical Commission, Government of India. He got the prestigious Malcolm Adisesaiah Award in 2016. He was Director, Centre for Economic and Social Studies, Hyderabad for 9 years from 1999 to 2008.


He is an expert on agriculture and rural economy, economics and cooperation. He was independent director of the Board of Kotak Mahindra Bank for 8 years from 15th March, 2013 to 14th March 2021 and independent director of Kotak Mahindra Prime Ltd., from 30th March, 2015 to 2nd June, 2021.

He has been the President of the Indian Economic Association from January 2018. He was also conference President of the 78th Annual Conference of the Indian Society of Agricultural Economics, 2018. He was conference President of the Agricultural Marketing Association in 2021. He is a member of the executive committee of International Economic Association. He is a member of the Governing Council of Association of Indian Universities.

He received his Ph.D. from the Delhi School of Economics and did his post-doctoral research at Yale University. His main areas of interest are agriculture, rural economy, rural non-farm sector, co-operation, economic growth, global economy, macro policies, employment and unemployment, employment policies, social protection, development economics and social sector.

He has around 200 research publications in national and international journals in the areas of agricultural development, poverty and public policy, inequality, food security, nutrition, employment guarantee schemes, social security, farm and nonfarm employment. He has written or edited 19 books. His well cited publication is “Inclusive Growth in India: Agriculture, Poverty, and Human Development” published by Oxford University Press. His book “Perspectives on Equitable Development” was released by the former Prime Minister of India.

He has been a consultant and adviser to many international organizations, such as UNDP, World Bank, International Food Policy Research Institute, UNESCO, ILO, FAO, ESCAP, UNICEF, DFID, and OECD. He has been a member of several government committees in India, including the Prime Minister’s Task Force on Employment chaired by Dr. Montek Ahulwalia, advisory committee for the National Commission on for the Enterprises in the Unorganized sector, member of the Committee on Financial Inclusion chaired by Dr. C. Rangarajan, member of the Expert Group on Poverty chaired by Dr. C. Rangarajan.

He is the Chairman of the Committee on Terms of Trade on Agriculture constituted by the Ministry of Agriculture.

He was member of several working groups for 9th, 10th, 11th and 12th Five-Year Plans in India. He is also member of several committees of NITI Ayog. He has received honours for eminence in public service. He has got awards for best teacher in economics and outstanding contribution to education. He received honorary doctorate (D.Litt) from the Acharya Nagarjuna University, Andhra Pradesh.

He is presently a Member of the Audit Committee of Board and Special Committee of the Board of Directors for Monitoring of Large Value Frauds of the Bank.

He is not related to any other Director or Key Managerial Personnel of the Bank.