Indicus Foundation

Indicus Foundation was set up in 2011 seeking to contribute to the all-round progress of humanity and Indian society.  It aims to achieve this through the building of communities that are inclusive financially, economically and socially. It defines progress as inclusive by definition, and is therefore a change that does not alienate but brings together the masses organically.



It seeks to pursue the culture of free thought, questioning and innovation; to look both across boundaries and deep within traditions to fund solutions that are in sync with the underlying consciousness of a society.



  • Conduct and support analytical research studies with a view of promoting efficiency in the economy as well as for providing most efficient mechanisms for attaining social and individual justice. These studies will cover wide ranging economic, technological and social spheres



Dr. Laveesh Bhandari

Dr. Laveesh Bhandari, Head and  Chief Economist for Indicus Foundation, has an illustrious career. He has studied in Boston, worked for Indian Institute of Technology, Delhi and National Council of Applied Economic Research, Delhi. A well-known commentator on all facets of the economy, he  has authored and co-authored numerous publications on socio-economic development, health, education, poverty, inequality, etc. His work on the performance of states and districts with Bibek Debroy and other co-authors is referred to widely. He writes frequently for mainstream newspapers- Business Standard, Economic Times, India Today, etc


Dr. Sumita Kale

Sumita is a financial and macro-economist. She works extensively on financial inclusion as well as tracking the Indian economy. Sumita has an MPhil in Economics of Developing Countries from the University of Cambridge and a Ph.D. in Economics from the University of Pune. She has worked at various reputed institutions such as Gokhale Institute of Politics and Economics, National Insurance Academy, and the Department of Economics, University of Pune.


Dr. Kiran Manchikanti

Kiran received a doctor of philosophy degree in 2009 from the University of Wisconsin-Madison. The major focus of his graduate work has been geospatial information science and engineering (GIS). As part of his doctoral program, Kiran did some outstanding GIS research in depicting the dynamics of the space/time complex in models that would assist high precision irrigation optimization. Kiran's innovative space/time models lead further into creating more robust geospatial data models for simultaneous representation of space and time. Kiran also received a master of science degree in GIS (2002) from the University of Wisconsin-Madison and a bachelor of engineering degree in civil engineering from Osmania University, Hyderabad, India in year 2000.



Dr. Ashok Desai

Dr. Desai is arguably India’s most irreverent economist. His empirical work and expertise spans all sectors and domains of the Indian economy. Currently he is the Consultant Editor of The Telegraph, and a columnist in Businessworld. He served as the Chief Consultant in the Finance Ministry from 1991 to 1993, and helped design the early economic reforms in India. Earlier, he worked as an economist in National Council of Applied Economic Research (NCAER) in Delhi where he carried out policy-oriented industrial studies, especially studies on technology development and transfer.


Professor Bibek Debroy

Professor Debroy, who is a well known economist with a rich research output, has advised Indicus on a range of studies pertaining to state level performance as well as industry analysis.Currently, member of the Niti Ayog, he has been Research Professor at the Centre for Policy Research, New Delhi, Director of the Rajiv Gandhi Institute for Contemporary Studies, Consultant to the Department of Economic Affairs of Finance Ministry, Secretary General of PHD Chamber of Commerce and Industry and Director of the project LARGE (Legal Adjustments and Reforms for Globalising the Economy).


Dr. Subir Gokarn

Dr. Gokarn is among India’s foremost macro-economists. He is currently Director-Research at Brookings India. He has been Deputy Governor, Reserve Bank of India, and has worked as the Chief Economist of CRISIL, and Chief Economist in Asia-Pacific for Standard & Poor’s. He has also worked at the Indira Gandhi Institute of Development Research in Mumbai and the National Council of Applied Economic Research in New Delhi, where he was the Chief Economist.


The Indicus Foundation seeks to partner with a group of civil society institutions who are working in the space of empowering individuals and communities and supporting individual initiatives in many different ways.

These include


Indicus Centre for Financial Inclusion/Indicus Foundation

374 Mandakini Enclave, Alaknanda, New Delhi 110019

Phone: +919818198399

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