Vijay L. Kelkar is an Indian economist and academic.
He holds a PhD in Economics from University of California Berkeley,
He is currently the Chairman of the Forum of Federations, Ottawa & India Development Foundation, New Delhi and Chairman of Janwani- a social initiative of the Mahratta Chamber of Commerce, Industries and Agriculture in Pune. He has been appointed as a trustee of Sri Sathya Sai Central Trust in 2014. He was also the Chairman of the Finance Commission until January, 2010. He was earlier Advisor to the Minister of Finance (2002–2004), and is known for his role in economic reforms in India. Prior to this, he remained Finance Secretary, Government of India 1998-1999, and in 1999 he has been nominated as Executive director of India, Bangladesh, Bhutan and Sri Lanka on the board of the International Monetary Fund.
Kelkar was awarded the 2011 Padma Vibhushan, the second highest civilian award, in January 2011.