Part Time Members
Dr. Surjit S. Bhalla
Dr. Surjit S. Bhalla is a Senior India Analyst for the Observatory Group, a New York based macroeconomic policy advisory firm and Chairman of Oxus Research & Investments. Surjit has taught at the Delhi School of Economics and served as executive director of the Policy Group in New Delhi, the country’s first non-government funded think tank. Since 1999, he has been on the governing board of India’s largest think tank, NCAER.
He has worked as a research economist at the Rand Corporation, the Brookings Institution, and at both the research and treasury departments of the World Bank, and as a consultant to Warburg Pincus. He has also worked on Wall Street in Deutsche Bank and Goldman Sachs.
He is the author of several academic articles as well as three books on globalization and its effects on the world economy. He is the author of Imagine there’s no country (2002), Devaluing to Prosperity (2012), and most recently, The New Wealth of Nations (2017). His first book, Between the Wickets: The Who and Why of the Best in Cricket (1987), developed a model for evaluating performance in sports and was published in 1987.
Surjit is also a regular contributor (over 1300 articles) to Indian newspapers, magazines, and television on financial markets, economics, politics and cricket. He is a contributing editor for Indian Express.
He holds a PhD in Economics from Princeton University, a Master in Public and International Affairs from Woodrow Wilson School, Princeton University, and a BSEE degree from Purdue University. In 2017 he was appointed as a member of Prime Minister Narendra Modi’s newly-formed Economic Advisory Council. He lives in New Delhi.
Dr. Shamika Ravi
Dr. Shamika Ravi is the Director of Research at Brookings India and Senior Fellow of Governance Studies at Brookings Institution Washington D.C. She is also Member of the Economic Advisory Council to the Prime Minister of India. She leads the Development Economics research vertical at Brookings India, where the focus is on financial inclusion, health, gender inequality and urbanisation. Dr. Ravi is a visiting professor of Economics at the Indian School of Business where she teaches courses in Game Theory and Microfinance. She has served as independent director on the boards of several leading microfinance institutions. She has a PhD in Economics from New York University, MA in Economics from Delhi School of Economics and BA (Honors) Economics from Lady Shri Ram College. Professor Ravi publishes extensively in peer-reviewed journals and writes regular opinion pieces in major newspapers. Her research has been featured and cited by BBC, The Guardian, The Financial Times and most national and regional newspapers and magazines in India.
Dr. Rathin Roy
Dr. Rathin Roy is Director and CEO of the National Institute of Public Finance and Policy New Delhi; and Member, Economic Advisory Council to the Prime Minister of India. With postings in London, New York, Kathmandu, Brasilla and Bangkok, he has worked as an Economic Diplomat and Policy Advisor with UNDP, focusing on emerging economies. He has taught at the Universities of Manchester and London and served as Economic Adviser with the Thirteenth Finance Commission. Dr. Roy is Member, India Advisory Committee, United Nations Environment Programme (UNEP) Inquiry into a Sustainable Financial System, Member on the Meta Council on Inclusive Growth, World Economic Forum, Geneva, Member on FRBM Review Committee, Government of India, and Chairman, Evaluation Monitoring Committee, Development Monitoring and Evaluation Office, NITI Aayog.
Dr. Roy’s policy interests and publications have mainly focused on fiscal and macroeconomic issues pertinent to human development in developing and emerging economies. Dr. Roy has written extensively on fiscal space for human development, inter-government fiscal issues, fiscal marksmanship, macro-economic conditionality and IMF Article-IV policy analyses.
Dr. Roy holds a Ph.D in Economics from the University of Cambridge, an MA in Economics from the Jawaharlal Nehru University and a BA (Hons) in Economics from St. Stephen’s College, University of Delhi.
Dr. Ashima Goyal
Dr. Ashima Goyal has widely published in institutional and open economy macroeconomics, international finance and governance, with more than a hundred articles in national and international journals. She has also authored and edited a number of books including Macroeconomics and Markets in Developing and Emerging Economies (Routledge: UK. 2017), A Concise Handbook of the Indian Economy in the 21st Century (OUP: India, 2015) and History of Monetary Policy in India since Independence (2011) (Springer: 2014). She edits the Routledge journal Macroeconomics and Finance in Emerging Market Economies; has provided consultancy to ADB, DEA, GDN, UNDP, RBI, UN ESCAP and WB; is active in the Indian policy debate; and has served on several government committees, boards of educational and of financial institutions, including the RBI technical advisory committee for monetary policy. She contributes a monthly column to the Hindu Business Line. She was a visiting fellow at the Economic Growth Centre, Yale University, USA, and a Fulbright Senior Research Fellow at Claremont Graduate University, USA. Her research has received national and international awards, including two best research awards at GDN, and the SKOCH Challenger award for economic policy.