Tushar Arora

Tushar Arora

Senior Financial Sector Specialist, World Bank

Tushar has been associated with the World Bank since 2019. Working as a Senior Financial Sector Specialist, he is responsible for analytical and advisory services, lending operations, and policy dialogue in the financial sector area, inter alia on issues related to long-term finance, PPPs, infrastructure and municipal finance, digital financial inclusion, development of capital markets, financial stability, and MSME financing.

Prior to joining the World Bank, Tushar worked in the banking sector as an economist. He held roles covering Asian markets at HSBC, Yes Bank, and HDFC Bank. His research projects covered macro-financial issues like Government Bond Market and Treasury Yields, Financial Stability, Effective Exchange Rates, Monetary Policy and Capital Flows, International Trade, Credit Spreads, Inflation Targeting, Fiscal Policy, and Digitization.

Tushar has been a regular writer in the newspapers and economic journals, and his views on the Indian bond and currency markets have been widely appreciated. In 2016, Tushar and his team were ranked as the top rupee forecaster by Bloomberg. In 2019, he was counted among the best individual researchers (highly recommended category) for India by the Asset Magazine (Hong Kong). In 2023, he was included in India’s 40 Under 40 list for his contributions by the Indian Achiever’s Club.

Tushar holds a Master’s in Economics from Jawaharlal Nehru University and a Bachelor’s in Economics from Delhi University.