Over the last two decades, Dholakia has worked on numerous government committees, the recent ones being the Rangarajan Committee on Pricing and Taxation on Petroleum Products (2006) and the Expert Group on Pension Fund constituted by the Government of India (2009). The Competition Commission of India had appointed Dholakia as a member of the Eminent Persons Advisory Group (EPAG). Dholakia was associated with the Indian Council of Social Science Research, Government of India, where he was one of the three members responsible for the restructuring of the ICSSR. He has also served as a consultant to the World Bank, Mangalore Stock Exchange, Gujarat Electricity Board, Steel Authority of India Ltd., Gujarat Heavy Chemicals Ltd. etc.
