H E VAIDV AI N G

IGIDR Alumni Handbook

1990-2023
 Foreword

It is not merely a cliché to say Alumni are the calling card for an academic institution. As IGIDR alumni you
are all in lead roles in academics and industry, both India and abroad, in equal measure. You are among the
first to create the financial services sector job openings for economists and subsequently in extending it to
other sectors as well. Time is ripe to celebrate all of you and your achievements at your alma mater.

At a time of sweeping changes across the academic and industry canvas of the world, IGIDR too is at the
crossroad. We are in need of your critical inputs from your experience at another academic institution or
from the vantage point of your industry through your continued engagement with the institute. The
inaugural alumni conference is one such initiative, which we hope will continue and evolve in the years to
come.

On the occasion of this inaugural alumni conference, it gives us great pleasure to record, recognize and
celebrate the immense contributions of you in all spheres of life and to the society at large through this
Alumni Viva. It is our collective belief that the contributions of our alumni will grow exponentially in
various dimensions and you will continue to be trail blazers in your chosen fields of expertise. It is our
sincere hope that IGIDR will continue to benefit from the positive externalities arising out of your
experience and wisdom.
 Message from the Governor

I am happy to note that the Indira Gandhi Institute of Development Research (IGIDR) is organising its first
ever Alumni Conference.

The performance of the IGIDR over the years has been impressive in terms of publications in reputed
journals, capacity building and conducting various training programmes. The postgraduate course offered
by the institute and its MPhil/PhD programmes are much sought after by students and researchers.

It is a matter of great satisfaction to see achievements of the alumni of IGIDR in various fields of academia
and industry. Many economics departments in universities and academic institutions around the country
have IGIDR alumni at key positions. I congratulate the institute’s alumni for their distinguished role in many
spheres of life around the globe.

I am sure the alumni will continue to nurture their relationship with the institute and provide new insights
and experiences which would drive the next phase of growth at IGIDR. I am optimistic that this dynamic
connection between the institute and its alumni will reach new heights in the years to come.

My best wishes for a great inaugural conference.

Shaktikanta Das
Governor, Reserve Bank of India
Chancellor, IGIDR
 Message from the Director

In 1987, the then Primer Minister of India Shri Rajiv Gandhi laid the foundation stone of our Institute, The Indira
Gandhi Institute of Development Research (IGIDR) and, in 1990, the first batch of PhD students put their foot on
the newly minted campus in Goregaon. The Reserve Bank of India established our Institute and has stood as a
rock in its support to us. We thank the Bank for walking with us in our eventful and exciting journey.

It is now over three decades in the operation of our Institute, a deemed to be University since 1995. Since its
inception, the IGIDR has by now produced 138 PhDs, 132 MPhils and 432 MScs and is continuing to do so. Our
students are now present in every profession, be it academics, corporations, think tanks, regulatory bodies,
governments and start-ups. They are spread across continents. They are contributing to the growth of the nation
and, may I say, of the world in their own little ways.

The Inaugural Alumni Conference is an attempt to recognise the achievements of our students, yes students, as
we fondly refer to them no matter what are their current designations. It is also perhaps a time for role reversal.
We want to hear from their experiences and their vision of how IGIDR can further fortify its march forward. The
Alumni Conference will have paper presentations, round tables and reflection sessions to hear and to seek the
inputs of our illustrious former students.

I thank the entire IGIDR community for organising this three day Inaugural Alumni Conference and congratulate
the Alumni for their accomplishments and wish them all the very best for their way forward.
We are proud of you all.

Best wishes,
Basanta Kumar Pradhan
Director
 Message from Dean Academic Affairs

It gives me immense pleasure to be part of the buzz and excitement around the inaugural alumuni conference,
as a continuation of and in sync with the 18th convocation. This also marks a celebration of two decades of
the Masters in Economics Programme at the Indira Gandhi Institute of Development Research (IGIDR,
pronounced इ-ग्-डी-आर). A journey that somewhat also coincides with my journey at IGIDR, as I had joined
when this now "successful" programme was being conceived.

As I go down my memory lane, Nostalgia was an event by the Alumni to fondly remember their teachers and
others on campus (including non-teaching staff, house keeping and security among others) and it was on their
behalf that the students and others on campus facilitated it. Some recent events suggest that the event in
recent times is being organized by the current students with help from others for the Alumni. This is perhaps
an outcome of the "rational fool" in our teaching having taken over the ethos of development studies. Or, are
we looking for a course correction is what time will tell.

Nevertheless, it is good to see so many of my contemporaries and students with some having teamed up with
their students and colleagues for the feast of papers. I am looking forward to the three-day extravaganza and
wish the programme all success.

Srijit Mishra
Dean of Academic Affairs
 The IGIDR story thus far...

Indira Gandhi Institute of Development Research (IGIDR) was originally conceptualized as a think tank in development
policy issues by the then RBI governor Dr. Manmohan Singh and came into existence in 1987 to commemorate the bank’s
golden jubilee, thanks to the efforts of Dr. C Rangarajan and R.N. Malhotra. The institute's first director, Dr. Kirit Parekh,
with his civil engineering and economics training at MIT brought the inter-disciplinary and analytical character to the
institute. Soon the Institute realized that frontier level research required the presence of a dynamic student body and
subsequently started its Ph.D. program in 1990. It gained stature as a deemed university in 1995, and extended its
curriculum to include M.Phil in 1996. Prof. R Radhakrishna who followed Dr. Parikh as the second director was instrumental
in starting the Masters in Economics program in 2003. During this decade, IGIDR became a leading capacity building
center in the areas of Law and Economics and Development. During Prof. Nachane's term as the director institute was
invited to join as a full time partner of the European Union's Erasmus Mundus Program in Law and Economics. During
2000's the institute introduced several outreach activities such as Visiting Student Program, Visiting Scholar Program, PhD
Colloquium, Post Doc program and was also part of several national and international collaborations. All of these activities
continued during the tenure of Prof. S Mahendra Dev, and the institute celebrated its silver jubilee in 2012.

IGIDR is one of the few centers of higher learning in India that focuses on academic training and research from an
interdisciplinary perspective. It encourages students from a variety of disciplines like Economics, Mathematics, Science
and Engineering - with mathematics at the higher secondary level - to join its programs. IGIDR brings together researchers
from diverse specializations to provide holistic analyses of contemporary issues in areas that include climate change,
poverty and human development, law and economics, and money and finance among others. The teacher-student ratio in
the institute is as high as 1:2 which ensures that every student gets personalized attention and guidance.

The unique feature of the academic program at IGIDR is its emphasis on combining theory with hands-on experience.
Students learn not only from the classroom lectures but also from working as research and teaching assistants to faculty.
These in turn encourage them to appreciate real world issues and help them analyze application-oriented problems.

The Institute is host to several annual events such as the Macroeconomics and Finance Conference, Biennial Conference on
Development, Law and Economics Training Workshop, and Students’ Colloquium on Development Research. The Institute
routinely carries out research funded by various international organizations like United Nations Agencies, World Bank, SIDA,
USAID, DFID, Bill and Melinda Gates Foundation, Dorabji Tata Trust and financial institutions such as NSE and various
ministries of central and state governments. All of this goes on to create an academically vibrant atmosphere with a steady
flow of new ideas.
IGIDR is well known for its biennial India Development Report that surveys contemporary economic issues. Its faculty
edits two major journals, Journal of Quantitative Economics, and Macroeconomics and Finance in Emerging Market
Economies, apart from being members of the editorial boards of several reputed academic journals. The faculty has
participated in important policy making committees such as Prime Minister’s Economic Advisory Council, RBI’s
Monetary Policy Committee, and several other central and state level committees. Research at IGIDR has resulted in
several books, monographs, theses and refereed publications. Both its faculty and students have visited various
academic institutions of international repute such as the Duke University, Free University Amsterdam, Hamburg
University, IIASA, National University of Singapore, Princeton University, United Nations University in Tokyo, University
of Haifa, University of Maastricht, University of Southern California, University of Sydney, Yale University, IIMs, and ISB.
Eminent faculty from across the globe regularly visits the campus.

The Alumni of IGIDR is spread across the globe in various academic and business leadership roles. A large number of the
alumni are/were in top graduate programs such as Columbia University, New York University, University of British
Columbia, University of Minnesota, Ohio State University, Indiana University, University of Virginia, Australian National
University, INSEAD, Iowa State University, University of California at Riverside, and LSE. They also serve/served as
faculty members in Monash University, National University of Singapore, Purdue University, University of California San
Francisco, University of Canterbury, Center for Development Studies, Gokhale Institute of Politics and Economics, IITs,
IIMs, ICRIER, ISEC, Jawaharlal Nehru University, Madras School of Economics, TERI, TISS, University of Hyderabad, XIMB
and XLRI, to name a few.

In industry, many of IGIDR alumni are in senior managerial positions in organizations like American Express, Bank of
America, Boston Analytics, Citigroup, Fair Isaac, HSBC, Household International, ICICI, IFMR, J.P. Morgan Chase,
Lehmann Brothers, Morgan Stanley, McKinsey, NISM and RBI. The Institute has a cell that has facilitated cent percent
placement of its students.
 Board Members

Shri Shaktikanta Das Dr. Michael D. Patra

Governor Deputy Governor

Reserve Bank of India Reserve Bank of India

Designation: Chairman
Designation: Member

Prof. Basanta Kumar

Shri T Rabi Shankar
Pradhan
Deputy Governor Director
Reserve Bank of India IGIDR
Designation: Member Designation: Member
 Board Members

Prof. Sandeep Tiwari

Prof. Ravindra H Dholakia
Professor Former Professor
TIFR, Mumbai IIM Ahmedabad

Designation: Member Designation: Member

Dr. Subhro Sarkar

Prof. Subrata Sarkar

Associate Professor Dean of Faculties

IGIDR IGIDR

Designation: Member Designation: Member

 Board Members

Dr. Sathya Narayan Mohanty

Prof. KV Ramaswamy

Professor Adjunct Professor

IGIDR GGS-Indraprastha University

Designation: Member Designation: Member

Shri Jose J Kattoor Dr. Jai Mohan Pandit

Executive Director Registrar

Incharge CSBD,RBI IGIDR

Designation: Ex-officio Designation: Secretary

Member
Former Directors

Prof. Kirit S Parikh (Late) Prof. R Radhakrishna

(1986-2000) (2002-2007)

Prof. DM Nachane Prof. S Mahendra Dev

(2007-2010) (2010-2022)
 Former Faculty
Agarwal,Pradeep Guha-Khanobis,Basudeb Modak,Srikant

Banerjee,Rangan Gulati,Namrata Motiram,Sripad

Bhattacharya,Kankar I.R.,Bidkar Munshi,Soumyanetra

Bhowmik,Anuj Jha,Shikha Nandakumar,P

Chakraborty,Manisha Jha,Raghbendra Natesan,Usha

Chaudhuri,Kaushik Kamaiah,Bandi Pai,Madhuri

Das,Anjana Kamath,Rajalaxmi Painuly,J.P.

Dev S.,Mahendra Kulshreshtha,Praveen Panda,Manoj

Goakarn,(Late) Subir Mishra,Veena Parikh,Kirit

Goswami,Mridu Prabal Mishra,Ajit Parikh,Jyoti

 Former Faculty
Poddar,Sougata Roy,Tirthankar Srinivasan,Naveen

R,Krishnan S,Geeta Srinvisan,P.V.

R,Nagaraj S.G.,Deshmukh Subramanian,Shankar

R,Sridhar Saha,Bibhas Suryanarayna,MH

R,Ramanathan Saleth R,Maria Swaminathan,Madhura

Ranade,Ajit Sen,Anindya  T.R.,Muraleedharan

Ray,Sohovan Sen,Kunal Thomas,Susan

Reddy,Sudhkara Sengupta,Nirmal V.K.,Ramachandran

Roy,Sumitra Shah,Ajay
Current Faculty

Pradhan Basanta Kumar Achuthankutty Gopakumar Babu P.G

Director Assistant Professor Professor

Ganesh Kumar A Ghosh Taniya Gupta Disha

Professor Associate Professor Assistant Professor

Gupta Sargam Jain Manisha Mishra Srijit

Assistant Professor Assistant Professor Professor
Current Faculty
Mythili G Nandwani Bharti Narayanan Sudha
Professor Assistant Professor Associate Professor

Negi Digvijay Singh Pal Rupayan Pandey Vijay Lakshmi

Assistant Professor Professor Professor

Ramaswamy KV S Chandrasekhar Sarkar Jayati

Professor Professor Professor
Current Faculty
Sarkar Shubro Sarkar Subrata Sengupta Rajeshwari
Associate Professor Professor Associate Professor

Sharma VK Vaidya Rajendra R Veeramnai C

Professor Professor Professor

Yedla Sudhakar Goyal Ashima Nachane Dilip

Professor Emeritus Professor Visiting Professor
Alumni smiles...
(the ones we received😊)
Alumni smiles...
(the ones we received😊)
Alumni smiles...
(the ones we received😊)
Alumni smiles...
(the ones we received😊)
Alumni smiles...
(the ones we received😊)
Alumni smiles...
(the ones we received😊)
Alumni smiles...
(the ones we received😊)
Alumni smiles...
(the ones we received😊)
Our Alumni works at
Positions held by our Alumni
 SUMM STATS
Sector of Employment of Ph.D. Alumni (as of April 2023)
Multi-National Corporation in India or Abroad
12.9%

Industry in India Academic Institution in India

14.4% 40.9%

International Public Institution

2.3%

Reserve Bank of India

9.8%
Government of India
1.5% Foreign Academic Institution
10.6%
 SUMM STATS

Sector of Employment of M.Phil. Alumni (as of April 2023)

Academic Institution in India

20.6%

Multi-National Corporation in India or Abroad

37.3%

Foreign Academic Institution

21.4%

Industry in India
Research Think tanks
10.3% Foreign Government
4.8%
0.8%
Trip down the memory lane...
Trip down the memory lane...
Trip down the memory lane...
Trip down the memory lane...
Trip down the memory lane...
Trip down the memory lane...
Trip down the memory lane...
Trip down the memory lane...
Trip down the memory lane...
Trip down the memory lane...
Trip down the memory lane...
Trip down the memory lane...
Trip down the memory lane...
Alumni Speak...
Rupayan Pal (PhD, 2001-2005)
IGIDR offered a very wide set of well taught compulsory courses coupled with a set of much more demanding optional courses
during my PhD years, which not only strengthened my foundation but also equipped me to carry out research works in multiple
areas. IGIDR offered an unparalleled research environment (thanks to always approachable faculty members; very helpful
seniors, classmates, and juniors!) and infrastructure facilities (library and computer centre) of the time in India. Much of my
learning was from my peers!!
IGIDR helped to reinvent my potential and attain a desired level of self-confidence, which shaped my career. Importantly, we
were offered a large set of attractive jobs, which included both corporate and academia, to choose from, both during & after
PhD days. I feel very proud to be an alumnus of IGIDR.
Please don’t be mistaken! My PhD days at IGIDR were certainly not heavenly. Instead, IGIDR was a kind of hell that suitably
equipped and tremendously encouraged me to navigate through the rough darkness and find, experience, and brighten the ray
of heavenly light!!

Poonam Singh (PhD, 2005-2010)

My life changed the day I met Prof. Radhakrishnan, the then Director of IGIDR and he adviced me to stay back in IGIDR and
complete my PhD instead of taking a job in one of the celebrated universities in India. A.difficult decision at that point but
that eventually opened the doors for a European Union scholarship for doing my course work in the University of Hamburg ,
which started with a casual conversation with Prof. Babu and became a PhD in Competition Policy with Prof. Babu, Prof.
Subrata Sarkar and Prof. Eger as my PhD guides. The interest in this topic had its origin in the Theory of Institutions course by
Prof.Jayati Sarkar, a unique course that I fell in love with and I would like to thank IGIDR for giving me the opportunity to
teach this course. Also as an RA I got exposure to Corporate Governance as an area which became my area of research
interest after my PhD. Econometrics from IGIDR of course has given me an identity, opportunity for collaborations and has
become an essential aid in my research.
I thank IGIDR and all my Professors to play a pivotal role in my journey, both professional and personal.
Subarna Roy (PhD, 1999-2004)
For me the two courses Games and Information-I and II were the game-changers. Of course, econometrics and time-series
analysis are still the bread and butter. During the microeconomics exam, the stories we used to come across in the form of
questions on Bertrand and Cournot games between firms were amazing. This might have helped in building my story-telling
skills. In a nutshell, I feel the founders and the entire faculty of IGIDR created a multi-disciplinary environment that encouraged
us to improve our learnability and equipped us to navigate through the dynamic landscape of business and technology with
ease. IGIDR was my home from 1999-2004and remains an integral part of me forever.

Devesh Chandra ( PhD, 1994-1995)

After a rigid curriculum of bachelors in EE, the multidisciplinary nature of IGIDR was quite eye-opening to the possibilities
existing at this confluence of varied streams. This is where I got my first taste of basic Economics, Game Theory,
Econometrics, Time Series Analysis and macroeconomic modeling. Here is where I got a first glimpse of Energy
Economics/Policy, and Power System Economics (hat tip to folks who blazed this trail- won’t name and embarrass them). And
it was here too that I got the flexibility to dabble into machine learning and neural nets. The resources at IGIDR were
unparalleled. I owe a debt of gratitude to Dr. Kankar Bhattacharya, Professors Parikh and many others.
While I didn’t end up staying for a PhD, the knowledge and perspectives gained were instrumental in shaping my career path
to this day.
Swimming in the pool, long walks into Film city, and the beautiful location of the Institute in the Borivali hills are some
unforgettable memories, as are the friendships gained.
Deb Chattopadhyay (PhD, 1990-1995)
I had joined straight after my B.Engg degree and had done 2 years of coursework together with RA work on a range of energy
related projects, one of which became my PhD topic. This was the first time I ever touched a computer, or did a course on
economics. The skills I learnt have been central to all the jobs that I have done in consulting firms (PTI Siemens, University of
Canterbury in New Zealand, Charles River Associates, Deloitte Australia, for the last 10 years at the World Bank). I still use the
GAMS language on a daily basis and even some of the basic codes on dispatch optimization etc are still proving very useful to load
control centres including National Load Despatch Center in India who implemented dispatch optimization as recently as 2019
saving them more than $100 million per year in fuel costs. I found the quantitative courses on optimization, econometrics and
game theory in particular extremely useful given the nature of my work. I feel very lucky to have worked on the national grid
simulation project (which incidentally was funded by the World Bank) and IGIDR was quite unique to have the vision to pick some of
those projects on electricity, CNG in transport, climate change related topics in the early nineties. I found many teachers who are
at par with the best anywhere. The computing facility even in 1990 was among the best in the country considering that emails were
still a novelty at the time, and the library without exception was the best.

Priyaam Roy (MSc, 2015-2017)

IGIDR taught me to be fearless. I remember my joining day - I was such a nervous wreck I threw up on my way to campus. I spent
my first year being completely scared and terrified and mostly lonely. It was the first time I was staying away from home and I
was not doing well. But the thing that got me through was the supportive teachers and staff and a few good friends. I didn't think
much of it back then but I realised later how their attitudes and general behaviour gave me a safe space to find my footing. My
second year on campus was a lot smoother. I finally started feeling braver and a little more confident than what I was before.
One of the best things that IGIDR did to me was help me get over my fear of Statistics. It became my favorite subject. My career
so far has relied heavily on what I learnt at campus. Not just that, this place prepared me so well for the corporate world that
once I started working at my first job it felt natural to me. I have immense gratitude for my time at IGIDR and all that it gave me.
It was perhaps the first major turning point in my life
Abhishek Kumar ( MSc, 2013-15 )
IGIDR days are one of the best phases of my life and it will remain on the top. Why?
- It's dynamic curriculum and relative grading
- Applied Econometrics, IndianEco, DevEco and IndianAgri are really great, which help us to know the stats across country and globe
- Master thesis and coursework presentation
- Equal platform for each student
- One to one mentorship ( in my case Prof. P.G. Babu sir)
- Presence of its faculties in the festival celebrations, especially Holi and snacks :)
- Apart from courses, I have learnt swimming there. I have made good friendships there, and will remain forever :)
So, these inputs have helped me excel and climb up in the Microfinance business. I am thankful to IGIDR for grooming me.
IGIDR experience is unforgetable and I still cherish my memories at IGIDR.

Sudipta Dutta Roy (PhD, 1992 - 2000)

My IGIDR experience was full of many firsts: first time in Mumbai, first time seeing a computer, (first time professors saying we
could address them by their first names - which I would interpret many years later as they treating us like equals), first time
analyzing real data, first time learning to comprehend new information on my own. This last thing prepared me most for my
professional life. IGIDR taught me to be an independent learner; it provided a supportive environment in which I matured from a
student to a future professional; - someone with both the interest and the confidence to learn new things on my own. Learning from
some of the best minds, having access to journals and computers, interacting with my peers and professors, presenting at
academic conferences while still a PhD student - it was truly a remarkable experience.
I have now been teaching for 18 years and have introduced many students to Economics, Finance, and data analysis using Excel
(and most recently, SPSS). I often tell my students that if I can do it, they can too. I was born and brought up in Bolani, a little iron
ore mine town in Orissa. In school, we wrote essays on English being the window to the world. If studying at an English medium
school opened that IGIDR gave me wings to fly.
Anomita Ghosh (MPhil, 2012-2014)
I joined IGIDR in 2012 after completing my Masters in Delhi School of Economics. I intended to gain experience in the complete
research process, from developing an idea to publishing papers.
I fondly recall my advisor’s willingness to calmly listen to my half-baked, strange ideas, guiding me when needed but also
challenging me to think for myself when I became stuck on a problem. Those were the first small steps I took to learn how to
conduct research!
I have recently completed my PhD from University of Illinois, Urbana Champaign. While I faced several challenges during my
Ph.D. studies, the rigor of the applied and methods courses offered at IGIDR and my research experience there undoubtedly
helped me overcome some of them.
I will never forget the tremendous emotional and technical support I received from the instructors, my classmates, and the
institute's seniors and juniors during my two years there (Won’t name them here ‘coz there are too many!). That boosted my
confidence and kept me going when things were tough. I will always cherish the friendships I made there.
On this occasion, I'd like to express my profound gratitude to the IGIDR faculty members for the invaluable advice they have
given me over the years.

Saumen Majumdar (PhD, 1990-1995)

Feel humbled to be listed as the first among the many illustrious PhD students at IGIDR.
Forever grateful to all faculty members and peers for creating a very healthy academic environment.
Immensely grateful to Professor Kirit Parikh, the founding Director to setup a liberal institute where academic freedom and
liberal values are primordial and academic infrastructure - the best in the country. Library opened for 24 hours and unlimited
computing resources.
Highly grateful to Professor Jyoti Parikh for her foresight and vision to initiate us to academic works which were far ahead of the
time - even now relevant.
Thank you all!
Amruta Ghare (MSc, 2015-17)
My time at IGIDR has single handedly paved the path for my career. The wonderful professors, the rigorous course content,
emphasis on research-- have all come together to mould my interest in macroeconomics and econometrics, time series. Special
thanks to Prof Ashima Goyal and Prof Rajeswari Sengupta, whose papers I continue to refer, indebted to Profs Subrata Sarkar and
Prof Krishnan-- whose notes are a gold mine, gratitude to Prof Nagaraj, Prof Veeramani and Prof Sudha Naraynan- for some really
insightful and interesting course reading, and to Prof Ganesh Kumar for introducing the fantastic subject of CGE to us.
Apart from academics, I have fond memories of the hostel (we were the only batch who got to live in both the old and new
hostels!), birthday parties of batchmates, cultural activities, learning swimming, and not to mention the conferences (many of
which we attended just for the good food!). The fact that I found my partner at IGIDR has ensured the institute and my time there
is imprinted on me for life.
.

Indraneel Dutta Baruah (MSc, 2015-17)

Let me start with an anecdote. It was my first campus placement and I was nervous. The first company was PwC DIAC. First
round, general introduction and a generic case study. Wasn't sure if I had done well. Waited a long time for my second round
and almost thought that I better start preparing for the next firm. Then the second round started and there was just one
question. You have a panel data for a car company and you need to predict number of cars they need to acquire. Somehow,
Subrata sir's econometrics II class started playing in my mind and I fit a SUR model on the spot. The interviewer later told me he
didn't even know what SUR was and learnt it during the interview. :D
This summarises the importance of what I have learned in IGIDR from all of our kind professors. Since day 1 till now in my
professional life, I keep going back to all my notes and they never fail to solve any business problem I face. Apart from that, I
feel I have grown as a person during my time here (due to friends, professors, staff… ) and will forever be grateful.
Arigato Gozaimasu!
Mukesh Kumar Anand (PhD 1991)
IGIDR Course - If one has stayed the course or even if scraped through - most of it is useful and stays with you too - In our case
facilitated by the excellent teachers then (including Bibhas, Shikha, Srini, Anindya, Surya, Subir, Geeta, Ashima, Veena, Tirtha…all
friends, philosophers, and guides rolled into one), who could find a way to gently pour (or sometimes drill) the material into our
heads.
IGIDR Research - It could grow on you - But, Its gentle on you, when you have learnt to put an end to it, and grow on it.
IGIDR People - A simple call / invite from one in the fraternity could pull together a few hundred in a matter of few hours, across
continents and decades - one could scarcely ask for more.
IGIDR The Institution - As a student one joins around a time to find oneself walking into or through low hanging clouds - and,
quickly in a matter of hours to a couple of days, becomes a 'fall' graduate - the first fall could be at the guest house steps on way
to the dining hall - but, if one misses that ceremony, one is likely to participate in another near the canteen - And, if one misses
both, then the red-stone foyer ensures that you are not just a 'fall' graduate, but much more.
Salute!
Was IGIDR Experience useful? YES, I continue to derive from it.

Tushar M Waghmare,(PhD, 1993-1998)

IGIDR was a humbling experience for me - realised very fast how little we know in our own subjects and how much more there is
to know. It opened my mind to accepting. Met so many great and erudite souls and learnt a lot from each of them. We still use the
many concepts taught by Profs Babu, Subrata, and others. Suffice it to say that the lecture notes from IGIDR, especially in
Information Theory, Finance and Econometrics are as much in use today as they were in IGIDR. While Babu used to treat us to
some excellent tomato chutney, rasam and other delectables, I cannot forget the innumerable times I must have asked Lingaraj
Panda for his help . I also fondly remember Fabina, Ananthi, Martha, the library staff including Mr. Manjunath, Pujar, Vinita, the
guards who would help me get a rickshaw (no smartphones in 1993-1997 in India. How did humanity survive?). And my classmates
are gems.
 Conan Mukherjee (MSc, 2004 - 2006)
I was not a very good or very bad student - primarily looking for a corporate job to get settled. Then I met technical
powerhouses like: Professors P. G. Babu, R. Krishnan, Bibhas Saha, Subrata Sarkar and Dr. Angel De la Faunte's Mathematical
Economics book. The swag of knowing Math Econ dawned upon me.
I felt enthralled and stupid at the same time trying to assimilate all these experiences. Intrigued, I found myself wanting to do a
PhD in theoretical Microeconomics (while needing to relocate to Calcutta). The most important influence in this endeavour was
my one year senior Ranojoy Basu who was doing MPhil at that time. He introduced me to advanced math (for that stage) and
Don McLean and Janis Joplin through our long study sessions that he kindly made time for.
That was 19 years ago - and even today I publish with Ranojoy da who is a professor at IIM Udaipur. In short, IGIDR completely
transformed me and my life path.
Finally, I got my first and the only empirical publication - out of my Masters thesis under Professor Krishnan - something I hold
on to with pride even today as I don a Micro Associate Professor hat at my institute.

B A N Sharma (Ban) (PhD, 1993-1998)

Most of us came from close cloistered environments that had limited exposure to the rough outside world; middle to lower
middle
. class backgrounds trying to find a career to say the least.IGIDR provided a roof, a secure environment that too in the
harsh city of dreams, for many! Personally it provided me with friends, guides and an environment which chisled away chinks in
my armour and gave me a finish; one that can help me cope with the ups and downs of life - there have been quite a few and I
realize that is called life! Gratitude is the least one can say for all the faculty members for shaping me into whatever I am today -
an aspiring, ambitious individual with strong values / beliefs that can help one withstand the downturns and latch on to the
opportunities as they unfold, in equal measure.Would be indebted to Professor Kirit Parikh for life for enabling me with the
opportunity to study at IGIDR. He was both patient and strict when needed. He and Prof. Jyothi Parikh has been my Ph. D guides
and I could complete my doctorate, on time, given their foresight. Prof. Kankar Bhattacharya helped immensely along with Deb
when needed. I was blessed with amazing people as roommates including Seniors who helped me immensely and some Juniors
who remain friends for life.
IGIDR offers immense relaxation opportunities and am sure apart from cricket some us loved and fought for, there was
badminton, swimming pool etc. Few students in Mumbai (apart from the IITs) during our times could claim that. Thanks IGIDR, I
am sure one page would not suffice!
.
Vardhana Saple-Pawaskar (PhD, 1994-2001)
I joined IGIDR after my engineering. I’m always grateful of the fact that it gave an opportunity to engineers to pursue
economics. Over the years when I am asked was engineering a waste, I’m happy to tell them that the way IGIDR training in
applied sciences has been designed it only help me better apply the engineering skills of maths/ statistics etc. The training
there across all the subjects have made my foundations so strong that even after 25+ years it helps me be relevant in market
today.
I am always grateful to have an opportunity to study with great teachers and thinkers. IGIDR campus, library, hostel life has
been an experience to remember for life.
My sincere thanks to entire team IGIDR !!

Vasavi Bhatt (PhD, 2016-2022)

Since I was a Ph.D. student at IGIDR, nothing describes my time there better than these lines by Charles Dickens,
"It was the best of times, it was the worst of times,
it was the age of wisdom, it was the age of foolishness,
it was the epoch of belief, it was the epoch of incredulity,
it was the season of light, it was the season of darkness,
it was the spring of hope, it was the winter of despair.”
As I am in academia, there is no doubt about whether whatever I have learnt at IGIDR was useful or not. I use it all as a faculty
😀. Although my stint at IGIDR was unceremoniously cut short due to lockdown, I will remember it as an institute that opened
vistas of opportunity for me.
Nothing but gratitude!

.
Nibedita Das (PhD, 1993-1997)
The knowledge and skills I gained from IGIDR not only gave me the confidence to join the corporate world but also put me on
par with professionals across the globe. Be it the coursework, which had the perfect balance of theoretical and applied
economics, the amazing teachers, or the world class library and computing facilities, even after more than 20 years, the strong
technical foundation I received from IGIDR keeps me relevant in the ever-changing analytics landscape with AI, ML, and
ChatGPT.

I am ever so grateful to all my teachers who went above and beyond the syllabus to ensure that we internalize the learnings.
How can one forget the early morning lessons by Prof. Babu in theoretical mathematics - although it was not easy to get up at
6am after a late night at the computer center! Thank you, Prof. Babu for introducing the world of information theory, for
believing in me and being a mentor, Prof. Subrata for the solid foundation in econometrics, Prof. Raghbendra Jha and Prof. Ajit
Mishra for your guidance in my thesis work, and Lingaraj for your patience with my dreadful programming skills.

Rooftop potluck parties, late night Ice cream trips to Gokuldham, arriving unannounced at Prof. Babu’s flat and devouring his
lunch/dinner, evening walks to Film City - there are so many fond memories! I owe a lot to IGIDR for both my personal and
professional achievements, and the lifelong friends.

.
Ritu Ghosh (MSc, 2014-2016)
The years spent in this amazing campus are hands down the best two years of my life so far!
The strong technical knowledge that was imparted to us by the most amazing set of professors has indeed defined me in my
model risk management career. It fills me with immense pride whenever I see the respect in people's eyes as I announce that
I am an IGIDR alumni. In my experience, there is an impression in the risk management domain that students of IGIDR have a
sound technical expertise in quant, especially in econometrics and time series. The notes of these two courses have become
indispensable to me. I still refer to these, be it for building benchmark models or testing the technical expertise of
interviewees or preparing for international certifications like FRM. I can think of one more example from the recent past that
shows how invaluable the courses are even now. While shifting to the UK, I couldn't carry the notes as my luggage was
exceeding the permitted limit. But as soon as I got myself an address here, I asked my family to courier me all the notes! My
heart is only full of gratitude for all the learnings that I got exposed to, during those two years.
If the whole IGIDR experience is compared to a panipuri, where the knowledge obtained from the courses in the 'puri', the
hostel life is undoubtedly the "pani", a mix of so many flavors without which the puri would have been dry. From late night
gossiping and singing at the terrace to dance practices in our tiny hostel rooms, from the whole batch having a blast together
in the swimming pool to ordering tandoori chicken at 3am from CityStar during sem exams…the 'spectrum' is full of colors
and life. From attending early morning lectures together in shabby clothes to attending each others' marriages - the bonds
built during almost a decade ago have only become stronger. Looking back, I think the right phrase to capture the
emotionswould be "Those were the days!!" As much as I miss my IGIDR family, I feel sheer joy and pride as I see them
excelling in their respective fields, be it academia or corporate, all across the globe.
Starting the journey as a small town girl to becoming a risk consultant in London, IGIDR has been the runway to my flight in
the truest sense. It has given me the confidence to dream big and work harder to achieve that. The institute, all the memories
it gave me, and the people that I met there, will forever hold a supremely precious place in my heart.
Nibedita Das (1993-1997, PhD): The knowledge and skills I gained from IGIDR not only gave me the confidence to join the
corporate world but also put me on par with professionals across the globe. Be it the coursework, which had the perfect
balance of theoretical and applied economics, the amazing teachers, or the world class library and computing facilities, even
after more than 20 years, the strong technical foundation I received from IGIDR keeps me relevant in the ever-changing
analytics landscape with AI, ML, and ChatGPT.
.
Santosh Kumar (PhD, 1999-2004)
You can't connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots
will somehow connect in your future. You have to trust in something—your gut, destiny, life, karma, whatever.” Steve Jobs
As my career graph is not linear and I have hopped different branches of trees, my learning from all subjects taught by
distinguished Professors at IGIDR have helped in innovating and executing new business solutions at different departments of
a bank. In the beginning, I got the first job due to the knowledge of financial economics, but when I was managing money in
London during global financial crisis in the year 2008, Macroeconomics nuggets taught by Prof Veena Mishra and Prof.
Raghvendra Jha, concepts from Monetary economics taught by Prof Veena Mishra had helped me navigating during this crisis.
Later I have applied concepts learnt in Microeconomics (Prof. Bibhas Saha, Prof Babu) and Econometrics including Time series
analysis (Prof Subrata Sarkar, Prof Krishnan and Prof Susan Thomas). I have never imagined that I will be using my knowledge
of development economics and environmental economics (Prof Kirit Parikh, Prof Nagraj and Prof Manoj Panda) in a banking
job, but these days I am exploring business application of these concepts with the help of AI/ML. I have also learned the nitty
gritty of financial markets, market microstructure and quantitative finance from Prof Ajay Shah, Prof Susan Thomas (IGIDR)
and Prof Ravi Anshuman (IIM Bangalore). During research assistantship and teaching assistantship under Prof Veena Mishra, I
was guided towards extreme honesty and highest standard of integrity in life. She had taught me to lead with curiosity and
challenge the status quo in order to find a better way for doing things. In a nutshell, IGIDR has made me fearless in order to
start with a new idea/technique and make a new impactful product or solution.
The first stipend (my first earning), Director’s dinner party hosted by Prof Kirit Parikh, Sunday special breakfast, midnight chai
pe charcha, quarrel for movies DVDs, intense badminton match, party at local bar with desi music, Bollywood movies at
Topiwala theater, Hollywood movies at Movie Time theater, Rs 25 rupees hair cut at AC salon were few cherished moments of
my life at IGIDR. I also enjoyed monsoon trekking under the leadership of our senior Jesim Pais. Due to continuous support
from Registrar (Subramanian T.V), librarian (Manjunath, Pujar, Vinita and Sangeetha), computer center staffs (Lingaraj) canteen
staffs, office staffs (Doshi, Fabina, Lavina, Nelson and all others), security staffs (Singh Jee and Nair Jee), we had wonderful
safe and sound stay at beautiful IGIDR wilderness. I do want to mention the smiling face of our registrar sir, and the welcome
gesture of Khan Saab (security staff) at the library main door all the time. At the end I will leave you with Jagjeet Singh’s
ghazal: Woh Kagaz Ki Kashti in the context of IGIDR’s life.
Ye daulat bhi le lo, ye shohrat bhi le lo
Bhale cheen lo mujhse meri jawaani
Magar mujhko lauta do bachchpan ka saawan
Wo kagaz ki kashti wo barish ka pani
Wo kagaz ki kashti wo barish ka pani
Tirthankar Patnaik (PhD, 1998-2003)
There was no reason I would get into IGIDR. The cheap (Rs100) application, and the refundable travel to Mumbai (in those days)
were great, but prior education in Mathematics and Statistics had provided near-zero ideas about economics–I still remember
the interview questions and the nonsensical answers. Dr. Krishnan’s questions on statistics saved the day (I think!).

The coursework was hard in the beginning, but got better over the semesters. Being smart and capable was a given in the class of
PhD '98, but there were others so far ahead of the rest of us like Sucharita Sinha (Macro) or Dipika Das (Everything) that they gave
fresh meaning to the term ‘outlier’. It took some time to get into the groove in the pressure cooker; but we eventually got
through. All of us, whether we cleared the coursework or not, whether we stayed on for a doctorate or not, have done well in life.

The faculty at IGIDR were on par with the best in the field, the guest lectures were from some of the very best, and some of their
classes shall remain etched in memory. Over the years, however, I have come to believe that IGIDR in those days encouraged
autodidactism. This might seem contradictory but it isn’t. Beyond all the coursework and faculty, a good PhD requires single-
minded dedication and the will to learn beyond what is taught, and the environment at my alma mater facilitated that, from its
world-class library and computing facilities to the competition it fostered among us. It was up to us to make optimal use of the
incredible (for those days) resources available.

Seen in this context, the greatness of my teachers (Prof. Parikh, Subrata Sarkar, Manoj Panda, Ajay Shah, Susan Thomas, Lingaraj
Panda, P G. Babu, Ajit Ranade, R. Krishnan, Veena Mishra and Kausik Chaudhuri among so many others) is not just in what they
taught (needless to say, excellent), but how they nudged to learn on one’s own. That skill set would stay on, and has helped
throughout my career. One could never thank them enough for their patience.
Beyond teachers, one was fortunate to have inspiring classmates and seniors, juniors, whose support made everything possible,
and some of whose perspectives, while inimical in those days, I have come to understand and respect over the years. Beyond
everything, IGIDR taught us humility. I’m so grateful for those years.

Five years is a long enough period in life to have life-long memories. A PhD in a highly competitive environment cannot be
without its trials and tribulations, but let’s focus on the fun part. The umpteen dinners with Lingaraj and friends too numerous to
name, the long hours in the library and computer centres, SPIC-MACAY, Annual Day, numerous seminars and meetings with so
many greats in the field of economics, and programming, so much of it!

Above all, IGIDR also gave me a life-partner in Sonalee.

.
Jayan Jose Thomas (PhD, 1998-2003)
I came to IGIDR in 1998 with a B.Tech degree and with some vague ideas about making a career in ‘development.’ This was my
first time outside Kerala, and I had only heard of a about the big crowds, fast trains, the glamour, and about the underworld of
Bombay.

But IGIDR was a serene oasis, away from the buzz and chaos of the city. To anyone who stepped inside, it would be immediately
clear that this was a world-class institute in every sense -- right in the middle of Santosh Nagar (well, it then had a bus stop, a chai
ka dookan, and an STD booth!). From the balcony of the Guest House (where we stayed in the initial days), one could see the
rustic beauty of Aarey Colony on the one side and the glitzy wilderness of Film City on the other (I did see the big cat, once!).

With his charm and easygoing nature, the ever-smiling Professor Kirit Parikh could trick us into believing that he was not the same
phenomenal institution builder everyone talked about. The First Year classes were much tougher than I had anticipated. But the
seventeen of us who joined together grew very close at the end of it all.

A lot of learning happened in between, with help from an illustrious list of teachers, including Veena Mishra, Bibhas Saha, P.G.
Babu, Ajit Ranade, Manoj Panda, R. Nagaraj, Subrato Sarkar and, of course, VKR (who later mentored me in my research). I also
received guidance and encouragement from Madhura Swaminathan, Suryanarayana M.H, Shovan Ray, and many others too. The
calm and dignified presence of Professor R.Radhakrishna was in itself quite reassuring towards the latter part of my stay.

Library was a happy place for me. And enormous was the amount of knowledge and camaraderie we shared in the Computer
Centre. Sitting next to each other, we exchanged notes, learnt techniques, clarified methodologies, and all these without even
lifting ourselves from our chairs. Laptops were yet to be invented (is that so?J), and thankfully, there were no cubicles to
separate our minds! There were cheerful, sunny faces all around – I remember, Vinita, Sangeetha, Lingaraj, Manjunath, Pujar,
Subramanyam, Khan ji, Nair Saab (the last two were security officers) -- each of them were proud of the jobs they were doing.

The greatest thing about IGIDR was that it made me (and others too, I am sure) believe in my abilities -- in research, analysis,
writing, and more. Sometimes, this self-belief went a tad too far. For instance, I used to imagine myself to be some great dancer
every time we had parties at the ‘Red Square’, although I had never danced before or – sadly – after IGIDR. Years later, when I
proudly displayed my IGIDR dancing steps to my ten-year-olds, they scoffed at me, dismissing all my claims of heroics as fake.
Well, all that we can do is to bow to the wisdom of the new generation!

.
Sumedh Deorukhkar (MSc, 2005)
Has IGIDR experience been useful for the work I have been doing? It is remarkable how far just two years of knowledge gained at
a high quality institution such as IGIDR can take you towards excelling in your professional career.I underwent several structural
shifts so to say before coming to IGIDR: I started off aspiring to be a career Badminton player, having been a national player for
several years, and then went on to do a masters course in advertising from MICA and working a short stint for Tata's in corporate
communication. That's when lightning struck and I found my passion for economics, but without a sound base in economics and
Maths/Stats at the undergraduate level, I managed to break into IGIDR only in my second attempt. The two years at AK Vaidya
Marg were a whirlwind, a roller coaster so to say, and a real eye opener. Fortunately my slate was blank, no previous baggage
(didn't care whether macro was taught from Mankiw or Dornbush). I was determined to complete the two years without being
kicked out and shock my parents. The respect for my professors at IGIDR has grown manifold only after I left IGIDR, frankly
speaking. All of them, Veena ma'am, Ashima ma'am, Babu sir, Krishnan sir, Nachane sir, Susan ma'am, Ajay Shah sir, Kaushik sir,
Shrijit sir, Panda sir, Naveen sir, Chandrashekhar sir, Mythili ma'am, Shubhro sir, Vaidya sir. I only wish I had spent more time
outside classes with them to appreciate the subjects further, but I guess, my naive brain hadn't developed enough to appreciate
their worth as much back then. Also, I wish I could have paid more attention to other classes, such as Environmental Economics
by Professor Yedla to better appreciate today's climate change policies, or I had the opportunity to attend courses by Subrata
Sarkar sir or Jayati Ma’am.
Fortunately, I am blessed to work in a think tank-like environment in a bank, that allows me the time and scope to leverage all
that IGIDR taught me or at least exposed me to, and enables me to stand tall amongst those I consider the best minds around
me. I remember Susan ma'am saying that wherever you work, make sure that you make a mark for yourself in the team in five
years. I have endeavoured to achieve that. I moved from Mumbai, to Hong Kong, to the headquarters in Madrid in an inherently
Spanish bank, where Spanish is the spoken language in and out of office. If only IGIDR also offered foreign language courses. For
the rest, I am grateful to IGIDR's world class professors, infrastructure, and college mates. So, was the IGIDR experience useful?
Well it is not just where it all started for me, but also where I draw my learnings and inspiration from each day at work. Lastly ,
the Gulam Jamuns they offered alongside chicken at the mess was a great combination, but not too good before intensive
lectures later in the day. Cheers!

.
Dipika Das (PhD, 1998-2008) )
IGIDR experience is unforgettable and I still cherish my memories at IGIDR.
When I joined IGIDR, Iwas already working as Research Officer in the Reserve Bank of India. My classmates were 7 to 8 years
younger to me and I became Dipika_di for all.I took 2 years leave from RBI to complete my Ph.D. course work. Being an officer in
RBI and having done my Masters in Statistics, I wanted to learn Economics. The Macro economics, Microeconomics,
Econometrics taught at IGIDR , helped me to learn Economics at Master level. The content of the coursework was exhaustive
and very thorough and could very well be the best in India.
The two years I spent in IGIDR were an excellent break from my office life. I enjoyed being a student again. During this time, I
could meet professor Kirit S Parikh who was founder Director of IGIDR. He is very sharp, having vast knowledge in every thing
and has an amazing personality and leadership skills. I thank my stars to get him as my Ph.D.guide. In spite of his busy schedule
as Director, he was always available for students to discuss anything anytime. He was very approachable and we could chat with
him on any subject during tea break. In IGIDR I was fortunate to get teachers who were stalwarts in their fields. To name a few,
Prof. Ashima Goel, present RBI Monetary Policy Committee (MPC) member was our Macroeconomics teacher. Professor Ajit
Ranade, was our micro economics teacher, who has served on various committee of RBI including the committee on Fuller
Capital account convertibility. I was fortunate to have Prof. Subrata Sarkar as our Econometrics teacher. All the teachers were
excellent in their teaching and were very much student friendly. I never experienced such a friendly environment in my whole
student life.
Further, during that timewe got opportunity to listen to many great economists from abroad, who were visiting professors or
invited to give seminars at IGIDR.
After 2 years of coursework, I had to join RBI and continue Ph.D. as part time student. It was almost impossible to manage
office, my family with new born baby and Ph.D. all together. But I did not give up. The impossible could be made possible due to
continuous encouragement from prof Kirit S Parikh and my co-guide Prof Subrata Sarkar. I am really thankful to them.
My classmates, seniors and juniors also hold important positions in banks, financial institutions and academic institutions in
India and abroad. For example, Chief Economist of NSE is my class mate Tirthankar Pattanaik. I feel proud to say that they were
my class mates or I know them personally.
Finally, the day I got my Ph.D. degree from the hands of RBI Governor Dr. Subba Rao, is themost memorable days of my life. My
dreams came true.
IGIDR life was the Golden period of my entire life.

.
Badri Narayanan G (PhD, 2002-2006)
My entire set of family and friends hardly knew anything about economics as a discipline when I joined IGIDR MPhil/PhD
coursework right after my BTech with a brief industry experience. From such a humble beginning, I have been able to do
reasonably well in the field globally in academic, corporate, policy and entrepreneurial world, only because of such a superlative
training and exposure in IGIDR.
Starting from Prof Bibhas Saha on microeconomics 1 wherein he kindly suggested us to simultaneously study Hal Varian’s
intermediate microeconomics alongside his main text, while motivating us to go as deep as we can, I got the critically needed
clarity about the basics. His micro 2 and special topics in microeconomics further boosted my interest in pursuing economic
research as I was able to publish 3 journal papers from his course. Prof Nagaraj instilled in me the flair to be a “careful applied
economist”.
Similarly, Prof Subrata Sarkar’s inspiring econometrics classes gave me huge confidence in econometrics. This was raised further
by Prof Kausik Chaudhuri’s advanced econometrics that culminated in my PhD thesis under his guidance - he also helped me
strike the balance between rigor and timeliness for research. Macroeconomics was tricky until we were taught by Prof Ashima
Goyal in such a cheerful and practical yet rigorous way. Prof PG Babu’s Edgeworth box lectures instilled in me an interest in GE
models which has become my lifelong pursuit later. Prof Krishnan’s time series courses helped me not only to learn the subject
but also 3 more journal papers. I can keep writing about many more profs, but this is just a sample to keep this discussion not too
long. So far, I’ve only mentioned about training; exposure gained from IGIDR is manifold higher. The GTAP CGE course conducted
from Purdue University at IGIDR thanks to Prof Ganesh Kumar and Prof Manoj Panda - along with their continued guidance - led
to my move to Purdue in 2007, where I was able to develop a great career track record as a CGE modeler working on many
issues. My PhD committee member Prof Kirit Parikh gave me access to the Planning Commission to the extent that I desired to
serve there in future, which I did recently and still continue as a Fellow at NITI. Thanks to our beloved director then Late Prof
Radhakrishna and Prof Dilip Nachane, I also got the opportunity to meet Nobel Laureates in Lindau which remains the best
moment in my life so far. Prof Ramaswamy , my committee member, gave me the guidance needed to pursue research on
industrial development. Prof VK Sharma gave me exposure to teaching as a TA and a coordinator for some of his impactful policy
projects. Prof Sudhakar Yedla introduced me to the world of Environmental analytics and Taekwondo. Strolls and chats with
Profs Chandrasekhar and Naveen Srinivasan were huge to get various Econ perspectives.
My exposure to the whole country and rest of the world - like the movie club times, super rich library, swimming pool sessions,
cricket sessions amidst rains, Sri Kanaka Caterers who made dishes from across the country in their unique Mangalorian style,
speaking Hindi and some basic Bengali with friends also happened at IGIDR as I was previously a typical small-town guy who
didn’t know much about rest of India. Lifelong friendships I’ve gained at IGIDR are so many and so precious to me - among
seniors, classmates and juniors as well as the faculty and staff there. My heartfelt gratitude goes to all of them for making me
who I am!

.
Akashdeep Mishra (MSc, 2016-2018)
IGIDR has been a defining milestone in my life. The two years I spent in this hallowed campus have been instrumental in shaping my overall outlook and
personality, besides being the esoteric knowledge-centre whose benefits I reap to this day. I started my career as a Model Validation Quant, Algorithmic
Trading, with Credit Suisse, Mumbai. I am currently a part of the MRM Equity Derivatives team at Bank of America, Mumbai. It is all thanks to my Alma
Mater IGIDR and the amazing professors and mentors and the dedicated Placement Committee (I was myself a PlaceCom!) with its vast network support
(we have Martha Ma’am to thank for that!)
Hailing from a background in Mathematics, I instantly felt at home when Prof Shubhro Sarkar introduced us to ‘mature’ Microeconomics from MWG in
Sem 1, which made heavy use of real analysis and vector spaces to describe consumer theory, general equilibrium etc. Prof. Shubhro definitely ‘crossed
the Ts and dotted the Is’ with his amazing course on Advanced Game Theory in Sem 4. I have recently come across the topics of Multi-Agent
Reinforcement Learning in Market Microstructure and Optimal Execution literature, where my imbibed knowledge of Game Theory from Shubhro Sir and
Rupayan Sir is imperative. I was ushered into the world of Econometrics by Prof. Chandrasekhar in Sem 1, when he taught us linear regression with its
legendary ‘BLUE’ assumptions which are part and parcel of literally every interview question from every recruiting firm on campus. What I really liked
about his approach was a deep recourse to statistical distributions before delving into the intricacies of econometrics. Then came our beloved
‘Selfie_King_Econometrician’ in Sem 2, who swept us away with his ‘SUR’-ila lectures and notes (if you know, you know :D). Subrata Sir’s impeccable
explanations of logistic regression models have been etched in my memory to this day, not to mention it being the work-horse of so many models in the
fields of Data Science, Fraud Modeling and Risk Management. Prof Subrata is one of the sweetest and kindest humans I’ve ever come across in my life. I
recently met him, and I am just humbled that he still remembers my name and pings me on WhatsApp with sweet messages occasionally.
Immensely grateful to another stalwart is Prof. Rupayan Pal, who taught us Contract Theory in Sem 2, Industrial Organization in Sem 3 (with term paper)
and finally I did my Master’s Thesis under his supervision in Sem 4. What I learnt from Rupayan Sir is strong attention-to-detail and solving problems
using first principles. As my thesis supervisor, he taught me to engage in original thinking and disciplined approach, which have been indispensable skills
in my corporate stint so far.
I can’t stress enough how thankful I am to Prof. Krishnan, my Time-Series Guru. From univariate time series, GARCH modeling, Vector Auto Regression,
Cointegration, Financial Econometrics, VaR, Brownian Motion, Prof. Krishnan’s lectures and handouts were a goldmine of knowledge and one of the most
widely applied tools in the Data Science and Risk Management domains in the current industry. Personally for me, be it in the field of algo-trading or
derivative pricing, Krishnan Sir’s knowledge was sheerly instrumental in giving me the technical edge at work and has inspired me to contemplate a
career in quantitative finance.
Finally, as a member of the IGIDR PlaceCom (with Pride), my networking and interpersonal skills were put to a solid test, as I found myself
communicating with multiple recruiting firms, creating and shortlisting CVs, managing timelines, shooting cold emails, managing batch preferences and a
host of other things. This engaging experience taught me the value of professionalism. It was during my IGIDR days that I had realized how powerful
LinkedIn was, and had started to build my network.
I can’t forget Khan Chacha, our Library Uncle, or all the other dear Guard uncles of our campus, who kept us company when we used to go for night-
walks in campus. We had became such good friends and I miss them too.
I apologise to have bored the reader with my lengthy account, but what I write here is just the trailer of a full length movie. IGIDR has given me so much, I
am indebted to this place. This campus gave me Friends-for-Life, Fun, Love, Heartbreaks, Learning, Hostel Life, Mentors, and Well-Wishers. Every time I
visit the campus, a strange void fills me as I slip into the memory lane of the awesome days I had spent in this beautiful campus from 2016-2018.
Oh, and did I mention the nocturnal badminton matches from 1 am - 4 am?! :D
Alumni theses over the years...
 M.Phil. theses (1998 to 2022)

S.No. Student Name Title Year

The Economics of pesticides application in agriculture and environmental

1 Bag, Dinabandhu 1998
damage 

2 Rath, Deba Prasad Alternative approaches to money supply process : Theory and evidence  1999

3 Dey, Soma Renegotiation and incomplete contracts : Efficiency issues  1999

4 Chatterjee, Partha Sarathi R&D and market incompleteness  1999

Industrial determinants of ownership : A case study of the Indian

5 Goswami, Nivedita 1999
corporate sector 

Anticipated money, unanticipated money and real effects : A test of the

6 Donde, Kshitija 1999
barro preposition in the Indian context 

7 Moonis, Syed Abuzar Time variations in beta : Evidence from the Indian stock market  2000

8 Saha, Yashajit Employment, wages and productivity in Indian public sector  2000

Goyari, Cropping pattern changes in the North-Eastern region of India,

9 2000
Phanindra 1980-81 to 1994-95

10 Panshikar, Manasi Currency crises and contagion  2000

 M.Phil. theses (1998 to 2022)

S.No. Student Name Title Year

Anipindi,
11 Two essays on the political economy of internal armed conflicts 2000
Ganesh S

12 Ghosh, Sajal Three studies on Indian energy sector  2002

Some features of rural credit in India with special reference to Tamil

13 Chavan, Pallavi 2002
Nadu : A Study of the period after bank nationalisation 

14 Sharma, Anurag Revenue and expenditure nexus in Indian public finance  2002

Measuring the impact of classification of Bombay stock exchange group A

15 Ravi Prakash, S 1999
stocks 

16 Thampy, Trivikraman Corruption an delay in the provision of subsidized credit  2002

17 Saha, Suhas Two essays on application of supermodularity in economics  2003

Is there a bank lending channel for monetary policy in India in the post
Chavan, Abhaysingh
18 liberalization 2003
Jaysingh
period? 

19 Borah, Bijan Jyoti Taxation of electronic commerce  2003

Causes and consequences of private tutorials : Analysis and policy

20 Saha, Subhra Baran 2004
prescriptions 
 M.Phil. theses (1998 to 2022)

S.No. Student Name Title Year

Sinha, Female work participation in rural India : A Case study of rural West
21 2004
Sucharita Bengal, 1961 to 1991 

22 Paul, Sourabh Bikas Public sector job reservation in India : A Search theoretic model  2004

23 Menon Sindhu Easwara Cauvery river conflict : An Analytical narrative  2005

Determinants of foreign collaboration modes in emerging economies :

24 Shankar, Pragya 2004
Some perspectives from India 

25 Padmini Dasgupta Labour market segmentation and child labour  2005

Fiscal interplay of federal and subnational governments : Evidence on

26 Sinha, Kompal 2005
strategies, incentives and impacts from India 

27 Ray, Sabyasachi Exploiting high-frequency data for the estimation of covariance matrices  2005

Energy consumption and environmental implications : A Study of Indian

28 Narasimha Rao, M 2005
household sector 

Productivity, growth in Indian manufacturing : An Inter-state industry-

29 Das, Surajit 2005
wise analysis 

Bank capital regulations, monetary policy and the lending behavior of

30 Tiwari, Nalin domestic commercial 2005
banks in India 
 M.Phil. theses (1998 to 2022)

S.No. Student Name Title Year

31 Arun, N.S Effects of public investment on private corporate investment in India  2005

32 Jayesh Kumar Corporate governance, firm performance and dividends payout in India  2005

33 Dhariwal, Richa A study on Indian tourism sector  2005

34 Ramani, Vinay Privatization, private investment and entry  2006

A gate to grave life cycle assessment of treatment of municipal solid

35 Ghatak, Subhrajyoti 2006
waste 

36 Pookunju, Muneera Foreign direct investment in India : Trends and spatial distribution  2006

Dwivedi, Dwijendra
37 Global warming and its impact : Sea level rise on coastal wetlands of India  2006
Nath

38 Ashutosh Kumar Issues in strategic interactions of the firms in spatial market  2006

Educational attainment of children in India : Evidence from rural Uttar

39 Roy, Susmita 2006
Pradesh and Bihar 

Political
40 Manu 2006
uncertainty, inflation and stock market : Evidence from India 
 M.Phil. theses (1998 to 2022)

S.No. Student Name Title Year

Cherical, Mary
41 Availability, uses and impact of credit : Evidence from India  2006
M

Strategic delegation and managerial incentive contracts under asymmetric

42 Chatterjee, Ishita 2006
information 

Tripathi, Achintya
43 Predicting firm's wilful default on loan  2006
Swaroop

44 Vinod Intra-day activity of the Indian stock market : Some econometric issues  2006

On the robustness of investment cash flow sensitivity : The Case of Indian

45 Jha, Amitabh 2006
manufacturing sector 

Economic and environmental implications of selected energy policies of

46 Chandra Kiran, B.K 2006
India 

Economies of scale, scope and potential gains from mergers in the Indian
47 Khatri, Deepak 2007
banking sector 

48 Karthik Hari Monetary policy in India : Selected issues  2007

Relationship between stock market exchange rate and real economic

49 Pravin Kumar 2006
variables 

Nonlinearity and nonstationarity in the stock price indices : Evidence

50 Yadav, Vijay N 2007
from emerging markets 
 M.Phil. theses (1998 to 2022)

S.No. Student Name Title Year

Speculative bubbles in a small world . An exercise in information

51 Baral, Pallavi 2007
transmission mechanisms 

Growth and disbursement of educational loan in India : A Case study from

52 Mukherjee, Arnab 2007
Mumbai 

53 Thakur, Abhinav Econometric analysis of stock prices : Evidence from emerging markets  2007

Assessment of impact of food-safety measures on trade-with emphasis on

54 Pratima, M 2007
India 

Performance of banks : Evidence from India using structural equations

55 Choudhuri, Tirthankar 2007
and stochastic distance functions 

56 Barua, Akrur Essays on behavioral economics  2008

Emissions permit markets : The Case of initial permit allocation

57 Dubey, Amlendu K 2008
mechanisms 

58 Acharya, Anirban Two voting algorithms  2008

59 Chowdhury, Payel Crime scenario in India : An Economic perspective  2008

60 Sharma, Gaurav why are short-term interest rates from Nelson-Siegel ZCYC volatile ?  2008
 M.Phil. theses (1998 to 2022)

S.No. Student Name Title Year

Estimation of transition probability matrix of long term debt rating in

61 Alok Kumar 2009
India 

62 Jain, Sumit Behaviour of inflation in India : An Empirical investigation  2009

63 Sengupta, Anindya Employment scenario in Rural India  2009

64 Gautam, Vikash Asset sales by manufacturing firms in India  2009

65 Mukhopadhyay, Tilak Rankings of Economics departments in India based on research output  2010

66 Agrawal, Tushar Educational attainment and inequality in India  2010

Status of financial inclusion in India : Banking outreach and household

67 Chandan Kumar 2010
level access 

68 Neogy, Tanmoy Financial contracting in the presence of hetrogeneous lenders  2010

69 Rampal, Priya An Analysis of food consumption patterns in India  2011

70 Prasad, Sanjay Kumar A Study on bayesian analytical techniques for bankruptcy prediction  2011
 M.Phil. theses (1998 to 2022)
S.No. Student Name Title Year

Shamasunder, Proliferation of telecommunication FTA : A Trend towards harmonization

71 2011
Samgnya or spaghetti bowl scenario 

Impact and sustainability of the community based organizations : A Case

72 Bhakta, Runu study of village level interventions under society for elimination of rural 2011
poverty in Warangal District of Andhra Pradesh 

Quantifying the impact of sanitary and phytosanitory measures : A Study

73 Chatterjee, Tirtha 2011
on Indian agricultural exports 

74 Karmaker, Bhaskar Roy Comparative assessment of efficiency analysis techniques  2011

Mahatma Gandhi national rural employment guarantee act : Coverage,

75 Garg, Sandhya 2011
requirement and provisions 

76 Sharma, Ajay Essays on interregional competition for foreign owned mobile capital  2012

An Inquiry into nature of political competition and its relevance to

77 Kaushik, Arun Kumar 2012
development expenditure : Evidence from Indian states 

Chowdhury, Kaushik Investigating motives behind mergers and acquisitions : A Special

78 2013
Roy reference to business groups in India 

Gupta, Satyendra
79 Understanding a multi-currency reserve world  2014
Kumar

Trade integration and business cycle synchronization between India and

80 Srinivasan, Laxmi 2014
OECD countries : Analysis of manufacturing industries 
 M.Phil. theses (1998 to 2022)
S.No. Student Name Title Year

81 Dadu, Abhimanyu Student politics in India  2014

An Empirical analysis of union bargaining power and markup in Indian

82 Rathore, Udayan manufacturing industries : Role of industrial reform, trade liberalization 2015
and labour regulations 

83 Ghosh, Anomita Optimal trade policy under network goods oligopoly  2015

84 Bhattacharya, Shreya Slum resettlement policies and the short run impact on livelihoods  2015

85 Kaushalendra, Kishore Impact of tax incentives on R&D investments : Evidence from India  2015

86 Sharma, Nidhi Resource allocation, redistribution and indigenous violence  2016

Analyzing the impact of global financial crisis on interconnectedness of

87 Aswani, Jitendra 2016
Asian stock markets using network science 

Looking beyond and behind the border : Impact of own export policy vis-
88 Gupta, Priyanka a-vis forgien tariff & non-tariff barriers on select agricultural exports 2017
in India 

89 Malu, Garima Social development in India : National profile and regional disparities  2017

90 Nandy, Abhinaba Essays on the political economy of media  2017

 M.Phil. theses (1998 to 2022)
S.No. Student Name Title Year

Debt conservatism and the phenomenon of the zero leverage firms :

91 Das, Anushree 2017
Evidence from Indian firms 

92 Naskar, Anupam Inter corporate loans : The Indian experience  2017

93 Pal, Soumyaditya Demographic change in India : Challenges and opportunities  2017

94 Nevrekar, Saish The Formation of rank structure through self-interested interactions  2018

Impact of trilemma indicators on macroeconomic policy : Does central

95 Garg, Geeta 2018
bank independence matter? 

96 Upadhyay, Sakshi Coalition formation in public good provisioning games  2018

97 Shukla, Rishabh Financial conditions index for India : A TVP-Favar approach  2018

98 Verma, Priyam Perceived valuation of land in rural India  2018

Implications of changing employment scenario on female-labour

99 Melkani, Aakanksha 2018
decisions : Evidence from ICRISAT-VDSA villages 

External shocks, firm characteristics and relative performance : A

100 Singh, Gurpreet 2019
Transition probability approach 

101 Gaggar, Kanishka Penny stocks in India  2019

 M.Phil. theses (1998 to 2022)
S.No. Student Name Title Year

102 Abhishek Kumar News, noise and Indian business  2019

Bakhla, Nirali
103 Common pool resources as source of food in rural India  2019
Akanchha

India after decolonization : Impact of colonial institutions on electoral

104 Saha, Shree 2019
outcomes 

105 Sarkar, Rajib Inflation forecasting using bayesian vector auto-regression  2019

106 Pati, Dipti Ranjan Two essays on conflict and arbitration in water sharing between regions  2019

Market structure, profitability and contract-worker intensity : Analysis of

107 Bose, Ritabrata 2019
Indian organized manufacturing industries 

Has India industrialised ? : Disaggregated employment trends and a case

108 Chakraborty, Judhajit 2019
study 

109 Mustafi, Utso Pal Regime changes in India's monetary policy and tenures of RBI governors  2019

The Green camouflage to corruption : Social status, bribery and the

110 Jain, Preksha 2019
environment 

Energy efficiency in the Indian manufacturing industries : Persistent or

111 Sundaresh, R 2019
transient ? 
 M.Phil. theses (1998 to 2022)
S.No. Student Name Title Year

Soren, Nayan Does nonfarm participation help the farm households? : Nonfarm activity
112 2019
Kumar and farm expenditure in India 

Mapping energy and environmental efficiency : A Comparative analysis of

113 Choudhary, Vikas 2019
Indian states 

114 Goel, Gagan Output sacrifice from disinflationary policy  2020

Returns to skills : Does location matter. Evidence from India's IT services

115 Sachdeva, Gagandeep 2020
industry 

116 Saha, Koustuv Female headed households in India : A Multidimensional poverty profile  2021

117 Kulshreshtha, Shobhit International trade and health outcomes : A Cross - country analysis  2021

118 Sharma, Swapnil Essays on two-sided markets  2021

Determinants of nutritional status for children in India : Analysis beyond

119 Sethi, Sanjana 2021
the household level determinants 

Exports by Indian manufacturing plants : Distinguishing characteristics,

120 Nagar, Rashika 2021
sources of export growth and determinants 

Political completion and public goods provision : A Case study of

121 Yadav, Shraddha 2021
Bundelkhand region of India 
 M.Phil. theses (1998 to 2022)
S.No. Student Name Title Year

122 Sharma, Mansi Determinants of inflation in India  2021

123 Shiladitya Kumar Electoral competition with credible promises and strategic voters  2021

The Propensity for financial statement fraud : An Empirical analysis of

124 Rajora, Kaushal Kumar 2021
Indian firms 

Import competition and gender wage gap in India : A District level

125 Saha, Kajari 2022
analysis 

Charmal, Vikas Liquidity management and policy transmission : Empirical analysis for
126 2022
Annasaheb India 

Exploring correlations between aggregate demand and supply shocks in

127 Ray, Sritama 2022
India 
 Ph.D. theses (1995 to 2022)
S.No. Student Name Title Year

1 Chattopadhyay, Debabrata Economic operation of power system in India  1995

Energy and economic linkages : Imports, investments, efficiency

2 Mujumdar, Saumen 1995
and pricing issues 

3 Tiwari, Piyush Kumar Economics of urban housing markets in India  1996

4 Pradheepa, N Incentives and information in organizations  1997

Modeling and analysis of climate change impacts on Indian

5 Kavi Kumar, K. Santha 1998
agriculture 

6 Viswanathan, Brinda Some econometric issues in consumer behaviour analysis  1998

7 Rao, Raghavendra D Policy modelling of the oil and gas sector in India  1998

8 Rao, Pradheepa R Incentives and information in organization  1998

9 Anand, Mukesh Shadow prices for India : A guide to policy reforms  1999

Estimation of performance benchmarks, inefficiency

10 Chitkara, Puneet 1999
measurement and pricing of power 
 Ph.D. theses (1995 to 2022)
S.No. Student Name Title Year

Role of capital market imperfections in monetary transmission

11 Darbha, Gangadhar 1998
mechanism : Some Indian evidence 

12 Rawal, Vikas Irrigation development in West Bengal, 1977-78 to 1995-96  1999

13 Dash, Sridhar Kumar Indian asset market and their interlinkages : An empirical analysis  1999

Optimal regulatory policy : Applications to the Indian

14 Das, Nibedita 1999
telecommunications sector 

Entry deregulation, labour union response and allocative

15 Majumdar, Sudipa 1999
ineffciency : A study of the airlines industry in India 

Technology transfer, productivity spillovers and technical change :

16 Kathuria, Vinish Kumar 2000
A study of Indian Manufacturing industry 

17 Chaudhury, Jayatu Sen The Indian credit rating industry : An Evaluation  2000

Patterns and determinants of capital structure : A study of the

18 Bhaduri, Saumitra N 1998
Indian corporate sector 

19 Rane, Rajendra R Risk, returns, anomolies and efficiency of the Indian stock 1999

Employment, turnover and wages : A Study of the organised labour

20 Roy, Sudipta Dutta 2000
market in India 
 Ph.D. theses (1995 to 2022)
S.No. Student Name Title Year

Applied general equilibrium analysis of India's tax and trade

21 Rege, Sameer R 2000
policy 

22 Saha, Anamitra Determinants of adoption of HYV rice in West Bengal  2000

Modeling framework for electric generation and transmission

23 Sharma, B.A.N 2000
expansion planning 

Soil nutrient availability and sustainability of agriculture in

24 Sharma, Sudhir 2000
Punjab 

Diversification, merger and their effect on firm performance : A

25 Saple, Vardhana 2000
study of the Indian corporate sector 

Murthy, N. Energy, environment and economic development : A case study of

26 1999
Satyanarayana India 

Bank credit, asset securitization and financing infrastructure : A

27 Koparkar, Sagar V 2000
case study of India 

Environmental accounting, carbon sequestration potential and

28 Gundimeda, Haripriya 2000
policies for carbon mitigation in India 

29 Saggar, Mridul Some issues relating to exchange rate policy in India : 1991-98  2000

Inter-fuel substitution and some aspects of industrial energy

30 Singh, Anoop 2001
demand 
 Ph.D. theses (1995 to 2022)
S.No. Student Name Title Year

31 Ahuja, Rajeev Essays on insurance markets  2001

Market microstructure and performance : A Case study of Indian

32 Waghmare, Tushar M 2001
stock market 

33 Gupta, Santanu Essays in fiscal federalism and fiscal expenditures  2001

Bhattacharyya,
34 Industrial and trade policy in international strategic environment  2001
Subhajit

35 Rath, Deba Prasad Endogeneity issues in the money supply process of India  2001

Banerjee, Saumya The Effect of exchange rate uncertainty on India's exports : An

36 2001
Sankar Econometric investigation 

Indian real exchange rate behviour and durable goods market

37 Paul, Manas 2001
under exchange rate uncertainty 

The Indian coal sector : Demand, investment, productivity and

38 Kulshreshtha, Mudit 2002
beneficiation issues 

39 Longjam, Ibotombi S The structure of financial savings in the Indian household sector  2003

Trade, environmental policy differences and growth of 'dirty'

40 Gupta, Chiranjib 2003
industries 
 Ph.D. theses (1995 to 2022)
S.No. Student Name Title Year

Singh, Sanjay Productivity and efficiency in state transport undertakings in

41 2003
Kumar India : Determinants and implications for pricing 

42 Ghosh, Saibal Union, bargaining and strikes  2003

43 Sarma, Mandira Essays on value-at-risk  2004

Structural and efficiency indicators of carbon emission from

44 Nag, Barnali 2004
commercial energy use : A Sectoral study for India 

State policy, industrial structure and industrialization : The Case

45 Thomas, Jayan Jose 2005
of Kerala 

Production units and the workforce in the urban informal sector :

46 Pais, Jesim 2004
A Case study from Mumbai 

An Empirical analysis of initial public offerings (IPOs) : Pricing and

47 Ghosh, Saurabh 2005
performance-evidence from the Indian new issues market 

Empirical essays on development financial institutions and firm

48 Mita Choudhury 2005
financing in India 

49 Sensarma, Rudra Deregulation, effciency and productivity in Indian banking  2005

50 Moonis, Syed Abuzar Some issues in estimation of Beta  2005

 Ph.D. theses (1995 to 2022)
S.No. Student Name Title Year

51 Karande, Kiran A Study of castorseed futures market in India  2006

Analysis of some environmental problems in India : Case studies

52 Rathi, Sarika 2006
from rural and urban areas 

Growth, unemployment and public-provision of goods : Role of

53 Roy, Subarna 2006
fiscal and political institutions 

54 Pal, Rupayan Essays on labour contracts and asymmetric information  2006

55 John, Rijo M Consumption of tobacco in India : An Economic analysis  2007

56 Mutatkar, Rohit Social group disparities, ethnicity and poverty in India  2007

Effects of foreign direct investment in Indian manufacturing : A

57 Iyer, Chidambaran G 2007
Study of some selected issues 

58 Badri Narayanan, G Some economic issues in Indian textile sector  2007

Executive compensation, internal monitoring, CEO turnover and

59 Ghosh, Arjit 2008
firm performance : Evidence from India 

An Empirical analysis of liquidity in an open electronic limit order

60 Santosh Kumar 2008
book market 
 Ph.D. theses (1995 to 2022)
S.No. Student Name Title Year

61 Paul, Sohini Micro-finance in urban slums of India : A Case study  2008

62 Selarka, Ekta Essays on corporate governance in India  2008

Essays on performance contracts and ownership reforms in public

63 Sangeetha 2008
sector enterprises : Evidence from India 

Stock trading volume : Empirical evidence from Indian stock

64 Alok Kumar 2008
markets 

High frequency data in finance : A Study of the Indian intraday

65 Patnaik, Tirthankar C 2008
equity markets 

66 Kanjilal, Kakali Term structure of interest rates : Indian macroeconomic issues  2009

Analysis of biofuel use in Northern India : Characteristics, health

67 Biswas, Haimanti 2009
impacts and policy implications 

68 Nitin Kumar Some issues related to tax collection  2009

69 Das, Dipika Essays on productivity and efficiency in Indian manufacturing  2009

70 Agarwal, Ankita Inflation targeting in India : An Explorative analysis  2009

 Ph.D. theses (1995 to 2022)
S.No. Student Name Title Year

Pujari, Ayan Productivity, efficiency and acreage allocation in Indian cereal

71 2009
Kumar crops : A District level analysis 

Economic impact of IRDP and educational preference : Empirical

72 Debanjali Dasgupta 2009
evidence from Rural India 

Mergers and acquisitions : Market structures, firm size and

73 Mehra, Poonam 2010
regulation 

74 Ray, Binay Kumar Energy efficiency and technology management in Indian industry  2010

75 Vikas Kumar Three essays on the political economy of conflicts  2010

Economic dimensions of health shocks in India : Issues,

76 Pal, Rama 2010
measurement and response 

Health outcomes in India : Distribution, determinants and policy

77 Agrawal, Ankush 2010
options 

78 Dubey, Amlendu K Three essays on the time-scale modeling of financial risk  2011

A Study of related party transactions in the Indian corporate

79 Saha, Jayashree 2011
sector 

Nathan, Hippu Salk

80 Indicators of sustainable resource use and human development  2011
Kristle
 Ph.D. theses (1995 to 2022)
S.No. Student Name Title Year

81 Sudhanshu Kumar Essays in applied macroeconomics  2012

82 Singh, Ashish Essays on inequality of opportunities in India  2012

83 Tripathi, Shruti Dynamics of oil prices in emerging market economies  2013

Investment, growth and finance constraints in Indian

84 Gautam, Vikash 2013
manufacturing firms 

Monetary transmission mechanism and interest rate pass through

85 Ansari, Jugnu 2014
in India : A Study on commercial banks' loan interest rates 

86 Gaurav, Sarthak Risk and vulnerability of agricultural households in India  2014

87 Agrawal, Tushar Essays on education and labour market in India  2014

88 Sharma, Ajay Essays on rural-urban interaction  2014

Naraparaju,
89 Essays on labour markets and inclusive growth in India  2015
Karthikeya

90 Das, Upasak Evaluation of the 100 days work programme in West Bengal  2015
 Ph.D. theses (1995 to 2022)
S.No. Student Name Title Year

91 Rishi Kumar Issues in poverty in rural India  2015

92 Arora, Sanchit Monetary and fiscal policy : Interaction and co-ordination  2015

Essays on some issues of resource conserving technologies and

93 Datta, Nirupam 2015
practices in agriculture in India 

Leading macroeconomic indicators of India : Trend and cyclical

94 Anusha 2015
analysis 

95 Narula, Kapil Sustainable energy security for India  2015

96 Rahman, Andaleeb Essays on public distribution system in rural India  2016

97 Aggarwal, Nidhi Essays on market microstructure of Indian equity markets  2016

98 Das, Mousumi Food security in India : Measures, issues and polity imperatives  2016

Economic and political interactions of disinvestment policy :

99 Jain, Ritika 2016
Decision and implementation 

Trade productivity and markups : Analysis of Indian

100 Gupta, Prachi 2016
manufacturing plants 
 Ph.D. theses (1995 to 2022)
S.No. Student Name Title Year

Chaubal, Aditi
101 Essays on nonlinear time series and its applications  2017
B

102 Grover, Rohini Market microstructure and volatility forecasting  2017

103 Biswas, Shreya Essays on director interlocks and board homophily  2017

104 Mitra, Pratik Labor market institutions and unemployment  2017

Health shocks, their welfare consequences and policy implications

105 Dhanaraj, Sowmya 2017
: Evidence from Andhra Pradesh, India 

106 Suganthi, D Impact of supermarket supply chain on farmers  2017

107 Rajnish Kumar Corporate governance disclosure index and firm efficiency  2018

Convergence and clusters in Indian agriculture : The Pathways of

108 Chatterjee, Tirtha 2018
geography 

Emerging patterns in tasks and skills : Implications for labour

109 Ishwarya, B 2018
market outcomes in India 

110 Mishra, Sumit Essays on regional divide in Maharashtra  2018

 Ph.D. theses (1995 to 2022)
S.No. Student Name Title Year

Sarkar,
111 Essays on feminisation of poverty in India  2018
Dhritisree

112 Sharma, Vaishnavi Essays on cumulative capital flows  2018

Accelerating health and educational attainments of children in

113 Bhakta, Runu 2018
India : Policy alternatives, feasibility and sustainability 

International trade and women's labour market outcomes :

114 Banerjee, Purna 2018
Evidence from Indian manufacturing 

Essays in fiscal federalism : A Study of Indian sub-national

115 Garg, Sandhya 2018
governments 

116 Rampal, Priya Nutritional status of children : Early years and future outcomes  2019

117 Juyal, Shikha Essays on equitable transportation  2019

Global production sharing and trade in value added : An Empirical

118 Dhir, Garima 2019
analysis of trends, patterns and determinants for India 

119 Chandel, Shivangi Essays on procurement auctions  2019

120 Pankaj Kumar Inflation dynamics  2019

 Ph.D. theses (1995 to 2022)
S.No. Student Name Title Year

Exchage rates, margins of trade and pass-through : An Empirical

121 Lakshmi, A 2019
analysis for India 

122 Nevrekar, Saish Economic applications of contest theory  2020

Price reforms in the petroleum and natural gas sector of India : A

123 Harak, Nitin 2020
Computable general equilibrium analysis 

Efficiency, profitability and social welfare : A Study of Indian

124 Jangili, Ramesh 2020
firms 

An Analysis of the public-private partnership model for Indian

125 Chandan Kumar 2020
national highways : Contractual and institutional perspectives 

126 Prasad, Sanjay Kumar Financial structure, economic growth and income inequality  2020

Cross border trade and livelihood impacts : A Case study of Moreh

127 Mate, Khaijamang 2020
town along the Indo-Myanmar border 

Cross border flows, macroeconomic risks and policy rules in

128 Verma, Akhilesh Kumar 2021
emerging markets 

Some issues in the housing situation in Mumbai metropolitan

129 Limaye, Kiran 2021
region 

State reorganization and development : Evidence from Indian

130 Vaibhav, Vikash 2021
experience 
 Ph.D. theses (1995 to 2022)
S.No. Student Name Title Year

Bhattacharya, Short-term migration and education of children in rural India : A

131 2021
Leena Study of selected aspects 

New perspectives on global trade imbalances : Investigating the

132 Banerjee, Krittika role of misalignments, external spillovers and domestic structural 2022
factors 

133 Abhishek Kumar Three essays on new Keynesian economics  2022

134 Baikar, Akash Kumar Financial intermediaries and macroeconomics  2022

135 Das, Varun Kumar Determinants of farmers income and diversification in India  2022

Evolution of the expectations channel of monetary policy

136 Parab, Prashant 2022
transmission : An Indian experience

Social norms, women's education and labor market decisions in

137 Gupta, Tanu 2022
India

138 Bhatt, Vasavi Essays on rural and urban employment patterns in India 2022
We thank members of Alumni Committee: Abhishek Gorsi, Anushka
Nagar, Bhakti Nikumbh, Sandeep Yadav, Snigdha Tiwari, Utkarsh
Priyadarshi and Varsha Lehra for making the inaugural conference
and this handbook possible!
Indira Gandhi Institute of Development Research
An Advanced Research Institute established
by the Reserve Bank of India
(Deemed to be University)
Gen A. K. Vaidya Marg, Mumbai-40065, INDIA