Besides an economist he is an institution builder and occupied many important and crucial positions in the country. He served as a Member of several expert bodies, including, Seventh and Eighth Finance Commissions; Economic Administration Reforms Commission, 1981-82; Planning Commission, 1982-86; Economic Advisory Council to the Prime Minister, 1983-86; Board of Directors, RBI, 1994-2000; National Advisory Council, 2004-08. He also served as Chairman, Steering Committee on Agriculture and Allied Sectors for Formulation of the Eleventh Five Year Plan, (2007-12), Planning Commission, 2007; High Powered Fertilizers Pricing Policy Review Committee, GoI, 1997-98; Expert Committee on Rehabilitation and Environmental Aspects of Tehri Hydro-Electric Project, GoI, 1996-97; Advisory Committee, National Accounts Statistics, GoI, 1992-95; Technical Committee on Drought Prone Area Programme and Desert Development Programme (DPAP & DDP), Ministry of Rural Development, GoI, 1993-94; National Commission on Rural Labour, GoI, 1990-91; Expert Committee for Review of Methodology of Cost of Production of Crops, Ministry of Agriculture, GoI, 1990; and Advisory Council on the Implementation of the 20-Point Programme, GoI, 1987-89. He also served as the Chancellor of University of Hyderabad (Central University) during 2012-15.