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Corporate Life

Before shifting back to academia, I worked with CRISIL, a leading rating, research, and advisory firm in India, in the capacity of Senior Economics and later as Principal Economist.

I was hired by the late Dr Subir Gokarn to work in his team at CRISIL Centre for Economic Research. I remain much indebted to him for several things which I penned down in this article "In memory of Subir Gokarn—who left us far too soon" 

With the freedom to explore diverse ideas under the leadership of Dr Gokarn and later under Dharmakirti Joshi, my team at CCER researched and released several high-impact reports, apart from regular products and assignments. For example, much before it became a widely discussed issue, between 2010 and 2014, we came out with several research studies related to the employment crisis facing India.


The following are some of the examples -

  • What can a pro-jobs policy do for India 2014

  • Hire and Lower: Slowdown Compounds India’s job creation challenge, 2014 (Members of Parliaments raised questioned in the Parliament of India based on the report)

  • Of growth and missed opportunity: what 5%, 6.5% and 9% growth will mean for India in the next five years, April 2014. Boosting productive spend, a challenge for next government, April 2014

  • In terms of durables, Punjab is the most prosperous, MP the least, New CRISIL indices measure prosperity and equality, November 2013 (Times of India lead story on the front page)

  • Food Security Bill: Beyond the provision of food, July 2013 (covered as a full-page article in DNA)

  • Can Rupee Swim against the tide?, June 2013

  • Noise risk to inflation persists, June 2013

  • Braving Infrastructure hurdles, rural consumer goes shopping, November 2012 (provides estimates of potential demand loss for durables due to lack of electricity and road infrastructure in rural India)

  • Raising manufacturing jobs in India, 2012

  • Rising Affordability raises rural protein demand, October 2012

  • Sustaining the rural consumption boom, August 2012 (lead story in Mint and other newspapers)

  • Improving Inflation Marksmanship, April 2012 (introduced CRISIL Core Inflation Indicator, following which Business Standard published it monthly)

  • Employment in India: uneven & weak, 2011

  • Rupee Falls on rising global risks, repayment pressure on India Inc, September 2011 (introduced a vulnerability and shock matrix to analysis movements of rupee)

  • Inflation Hurts, June 2011 (Covered as a lead story on Times of India front page)

  • India: Raising the growth bar, January 2011

  • Skilling India: A billion people challenge, 2010

    CRISIL Awards

  • Excellence in Thought Leadership Award for 2013

  • Led the team to win CRISIL’s Annual Best Team award for 2012

  • Analytical Excellence Awards for 2010 and 2011

  • Best Innovative Business Solution award for 2009

  • The ACE (Acknowledging and Celebrating Excellence) ‘Role Model’ award, Standard & Poor’s, 2009

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