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Indira Gandhi Institute of Development Research (A Deemed University) Reaccredited with ‘A’ Grade by NAAC ANNUAL REPORT 2014-2015 Indira Gandhi Institute of Development Research (A Deemed University) General Arun Kumar Vaidya Marg, Goregaon East, Mumbai 400 065, INDIA Telephone: +91 (0)22 28416200 /28400919/20/21 (EPABX) Fax: +91 (0) 22 2840 2752/28416399 An Advanced Research Institute Email: [email protected] | Website: http://www.igidr.ac.in Established by Reserve Bank of India ANNUAL REPORT 2014-15 Contents Preface ���������������������������������������������������������������������������������������������������������������������������������������������iii Organisation of IGIDR ���������������������������������������������������������������������������������������������������������������������� 1 Academic Council Members������������������������������������������������������������������������������������������������������������ 4 Planning And Monitoring Board ������������������������������������������������������������������������������������������������������ 6 IGIDR at a glance ����������������������������������������������������������������������������������������������������������������������������� 7 Personnel ����������������������������������������������������������������������������������������������������������������������������������������� 8 Faculty and their Areas of Interest ��������������������������������������������������������������������������������������������������� 9 Teaching ����������������������������������������������������������������������������������������������������������������������������������������� 12 Research Themes �������������������������������������������������������������������������������������������������������������������������� 13 Faculty Activities����������������������������������������������������������������������������������������������������������������������������� 44 Faculty Research Publications ������������������������������������������������������������������������������������������������������ 76 IGIDR Publications ������������������������������������������������������������������������������������������������������������������������� 87 Projects ������������������������������������������������������������������������������������������������������������������������������������������ 91 Lectures/Conferences/Workshops/Other Events �������������������������������������������������������������������������� 93 Visitors and Seminars �������������������������������������������������������������������������������������������������������������������� 94 Student Research Topics (Ongoing) ��������������������������������������������������������������������������������������������� 97 Degrees Awarded and Thesis Title 2014-15................................................................................. 104 Student Batch 2014-2015............................................................................................................. 105 Student Activities/Research Publications ������������������������������������������������������������������������������������ 106 Placement Cell ����������������������������������������������������������������������������������������������������������������������������� 111 Internal Advisory Committees....................................................................................................... 112 Library and Information Services ������������������������������������������������������������������������������������������������� 114 Computer Facilities ���������������������������������������������������������������������������������������������������������������������� 116 Appendix: Financial Statement ���������������������������������������������������������������������������������������������������� 121 Published by Jai Mohan Pandit (Registrar) Compiled by Rajeswari Sengupta and Martha Lobo i ANNUAL REPORT 2014-15 ii ANNUAL REPORT 2014-15 Preface The Indira Gandhi Institute of Development Research (IGIDR) was inaugurated in 1987� It was established as an advanced research institute with the objective of conducting state of the art, policy-oriented research focused on development from a multi-disciplinary perspective� Times have certainly changed since then as the institute has created a campus and a community for the 21st century and transitioned to become a centre of excellence for research as well as teaching in all aspects of economic theory and practice� A deemed University reaccredited with a ranking of A by the National Assessment and Accreditation Council (NAAC) in 2011, over the years IGIDR has emerged as one of the premier research institutes in the country� It has steadily built up a reputation as a leading think tank both for the Reserve Bank of India (RBI) and the Government of India� The institute strives to strengthen the interface between academia and policymakers by networking with other centres of excellence both in India and abroad� I invite you to explore IGIDR’s activities and progress over the past year through this Annual Report� The research agenda of the institute is guided by contemporary policy concerns, by individual faculty members’ research interests and through sponsored projects� Theoretical as well as empirical research undertaken during 2014-15 covers a wide range of topics, namely, macroeconomics, banking and finance, household finance and financial sector regulation, poverty, inequality and human development, food security and agriculture, industrial organization and corporate governance, international finance and trade, development economics, public economics and law and economics� A number of research papers in international and national journals as well as in edited volumes and also edited books have been published by faculty members and students or accepted for publication over the last year� Over and above this, our faculty members have also contributed to the ongoing public discourse on important policy matters through media commentary. The last year also saw the release of IGIDR’s flagship annual publication, The India Development Report (IDR), 2015 by Dr� Y�V�Reddy, ex-Governor of RBI on March 2, 2015� The IDR consisted of contributions from IGIDR faculty as well as from external experts in a diverse set of topics thereby providing important insights into various aspects of development in India� In addition to the focus on academic research, the progress of our students continues to be a crucial pillar of the success of the institute� Last year we offered a rich array of compulsory as well as optional courses highlighting the diverse research expertise of our faculty members while also ensuring that students are trained adequately in the theoretical foundations of each branch of economics as well as equipped with the requisite application skills. The results have been reflected in the success of IGIDR students in procuring corporate placements and academic appointments alike� Our students have bagged top-notch job offers from leading corporates of the country and have also gone on to pursue higher studies in reputed universities all over the world� On January 9, 2015 we held our twelfth convocation where PhD, MPhil and MSc� degrees were awarded by the honorable Finance Minister, Shri Arun Jaitley while Dr� Raghuram Rajan, RBI Governor and President of IGIDR, presided over the function� This past year IGIDR also hosted several academic conferences, training programs and insightful workshops�We conducted a summer training programme (30 June – 22 August, 2014) for the Direct Recruit Research Officers of RBI in the Department of Economic and Policy Research� As part of the international consortium, the Erasmus Mundus European Masters Programme on Law and Economics (EMLE), IGIDR hosted the EMLE Class of 2014� We organized a conference on iii ANNUAL REPORT 2014-15 “Political Economy in Contemporary India” in November last year� An ICSI-IGIDR Roundtable on Elements of a sound bankruptcy process was organized by IGIDR faculty at Sofitel hotel in Bandra Kurla Complex, Mumbai� Several eminent economists visited our campus to deliver seminar talks throughout the year� Our own faculty members and students presented their research papers in conferences and seminars all over the world� Moving forward to the next academic year, we shall continue our sustained endeavour to contribute to the fields of economic research and to further develop IGIDR as an institute of international repute and excellence in theoretically informed applied research and teaching in development studies� S. Mahendra Dev Director and Vice Chancellor, IGIDR, Mumbai iv ANNUAL REPORT 2014-15 Organisation of IGIDR Background, Aims and Objectives The Indira Gandhi Institute of Development Research (IGIDR) is an advanced research institute established in 1987, in Mumbai, by the Reserve Bank of India, for the study of national and global issues relating to economic development� The Institute is recognised as a Deemed University under Section 3 of the UGC Act� The primary objectives of the Institute are to: i) Promote and conduct research on development from a broad inter-disciplinary perspective ii) Serve as a centre to promote cooperative endeavour and interaction between research scholars and institutions in India and abroad iii) Undertake any other project or activity, which the Institute may usefully carry out for the furtherance of development and social welfare� Board of Management The composition of the Board of Management
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