Ajay Shah is a Professor at the National Institute for Public Finance and Policy.

He has been extensively involved in the policy process of reforms of the equity market and the New Pension System. As one of the foremost policy thinkers, Dr. Shah sits on the board of a number of government task forces, departments and corporate bodies, and advises on a range of policy issues.

Prior to the NIPFP, he has held positions at the Centre for Monitoring Indian Economy (Mumbai), Indira Gandhi Institute for Development Research (Mumbai) and the Ministry of Finance. His research interests include policy issues on Indian economic growth, open economy macroeconomics, public finance, financial economics and pensions. Dr. Shah has studied at IIT, Bombay; and USC, Los Angeles.