Dr. Nachane is currently Chancellor of Manipur University, Imphal, and Professor Emeritus at Indira Gandhi Institute of Development Research (IGIDR). He was formerly a Member of Prime Minister’s Economic Advisory Council (2012-14). He was also Director-cum-Vice Chancellor of the IGIDR (2007-2010), Senior Professor, IGIDR (2003-2007) and Director, Department of Economics, University of Mumbai (1993-99).
Most of Dr. Nachane’s active career has been spent at the Department of Economics, University of Mumbai, from which he retired in 2003 as Professor of Quantitative Economics. He was also Director of the Department for a six year period from 1993 to 1999. Dr. Nachane’s contributions in Econometrics (especially time series analysis) are too well known to be recounted in detail here. In recognition of his outstanding contributions to the subject, the Indian Econometric society elected him as its President in 2003. But apart from Econometrics, he has also actively researched in the areas of economic methodology, macro-economics, money, banking and finance and history of economic thought. Dr. Nachane is also currently Editor-in-Chief of the TIES Journal of Quantitative Economics as well as a Co-editor of Money & Finance in Emerging Market Economies (Francis & Taylor). Dr. Nachane has served for a number of years on the editorial Advisory Boards of Regional Journal of Social Sciences, Australian Journal of Basic and Applied Sciences, Margin, Journal of Interdisciplianry Economics, Artha -Vijnan, etc. He is an Elected Member, Academy of Sciences, New York, USA and has been associated with several important committees of which special mention must be made of the RBI Technical Advisory Committee on Monetary Policy on which he has served from 2005-2011 and the RBI Technical Advisory Committee on Inflation Expectations (from 2007-2011).
He has also been associated with several important Financial institutions such as SBI-DFHI (currently Board Member) , DICGCI (Board Member 2006-2008), NSE (Board Member 1998-2000) , BSE (Council Member 2008-2010) CCIL (Member, Research Advisory Committee) etc. He has been visiting Professor at several foreign universities, including most notably the University of Manchester (U.K.), the University of British Columbia (Canada), the University of Magdeburg (Germany) and the European University Institute (Italy). He has nearly 100 articles in refereed journals to his credit and has authored/co-edited about 10 books.