Deepak Mohanty (born 1960) is an economist. He served as Chairperson of India's pension regulator,

Pension Fund Regulatory and Development Authority Pension Fund Regulatory and Development Authority (PFRDA) is the regulatory body for overall supervision and regulation of pensions in India. It operates under the jurisdiction of Ministry of Finance in the Government of India. It was establis ...

(PFRDA) from March 2023 till May 2025. He was Chief Economic Advisor, Federation of Indian Chambers of Commerce and Industry (FICCI) and was an independent Director on a few companies’ Boards. Prior to that, Dr. Mohanty was Whole Time Member, PFRDA. He served as executive director of the

Reserve Bank of India Reserve Bank of India, abbreviated as RBI, is the central bank of the Republic of India, and regulatory body responsible for regulation of the Indian banking system and Indian rupee, Indian currency. Owned by the Ministry of Finance (India), Min ...

(RBI). The areas supervised by him were monetary policy, economic research, statistics, financial stability, enforcement of banking regulation, risk management and internal audit & inspection. He had also worked in various positions in economic research and was head of monetary policy department of the RBI. He served in the

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of las ...

(IMF) as senior adviser. He graduated with a bachelor's degree in physics with honors from

Ravenshaw College Ravenshaw University, formerly known as Ravenshaw College, is a co-educational state university situated in Cuttack, Odisha on the eastern coast of India. Founded as Ravenshaw College in 1868, the institution became a university in 2006. The u ...

Cuttack Cuttack (, or officially Kataka in Odia language, Odia ), is the former capital, deputy capital and the 2nd largest city of the Indian state of Odisha. It is also the headquarters of the Cuttack district. The name of the city is an anglicised f ...

, in 1979, before going to

Jawaharlal Nehru University Jawaharlal Nehru University (JNU; ISO: Javāharalāla Neharū Viśvavidyālaya) is a public research university located in Delhi, India. It was established in 1969 and named after Jawaharlal Nehru, India's first Prime Minister. The university ...

for his master's degree. He also holds a master's degree in economics from

Yale University Yale University is a Private university, private Ivy League research university in New Haven, Connecticut, United States. Founded in 1701, Yale is the List of Colonial Colleges, third-oldest institution of higher education in the United Stat ...

. He holds a doctorate degree in economics from

Gokhale Institute of Politics and Economics Gokhale Institute of Politics and Economics (GIPE), commonly known as Gokhale Institute, is one of the oldest research and training institutes in economics in India. History The institute was founded on 6 June 1930 by R. R. Kale as a centre ...

. He has presided over a few committees in RBI for suggesting various policy changes by the central bank. In one such committee, he suggested that only the repo rate should be the signalling rate and that the monetary system should almost always operate in a deficit. One other big suggestion he made is that the government's surplus cash deposited with the RBI should be auctioned so that there is no lead and lag in liquidity. Mohanty edited and contributed to three books of research papers titled ''Regional Economy of India: Growth and Finance''. , ''Monetary Policy, Sovereign Debt and Financial Stability-The New Trilemma.'' and Pension Security in India : Progress and Prospects. He spoke extensively on monetary, financial and social-security issues. He delivered the prestigious Prof. Baidyanath Misra Endowment Lecture of the Orissa Economics Association, in 2010.

References

Year of birth missing (living people) Living people 20th-century Indian economists Yale University alumni {{India-economist-stub