Contributor : Profile
Dr. Rajeswari Sengupta is an Associate Professor of Economics at the Indira Gandhi Institute of Development Research (IGIDR) in Mumbai, India. In the past she has held research positions at the Institute for Financial Management and Research (IFMR) in Chennai, the Reserve Bank of India, and the International Monetary Fund (IMF) and the World Bank in Washington D.C. She was a member of the research secretariat for the Bankruptcy Law Reforms Committee (BLRC) that recommended the Insolvency and Bankruptcy Code for India. Her research focuses on policy-relevant, macro-financial issues of emerging market economies in general and India in particular in the fields of international finance, open economy macroeconomics, monetary policy and financial markets and regulations. She is currently working on several issues pertaining to the Indian economy such as inflation targeting, monetary policy transmission, capital controls and capital flows, GDP measurement issues, financial stress in the corporate and banking sectors, and firm financing. She has published in reputed international journals such as Economic Policy, The Journal of International Money and Finance, The World Economy, Emerging Markets Review, International Review of Economics and Finance, Pacific Economic Review, Open Economies Review as well as the Economic and Political Weekly in India.
Dr. Sengupta completed her M.A. and Ph.D. in Economics from the University of California, Santa Cruz (UCSC). She holds two previous degrees in Economics from India, a Bachelors degree from Presidency College, Calcutta and a Masters from Delhi School of Economics. Details of her work can be found here.
Posts by Rajeswari Sengupta
Interim Budget 2019: Rising fiscal deficit in a 'booming' economy
In this article, Rajeswari Sengupta analyses various nuances of the recently announced Union Interim Budget, including the deviation from the targeted path of fiscal consolidation. In a world of Aadha...
- Rajeswari Sengupta
- 04 February, 2019
- Perspectives
Public bank privatisation: No panacea for the ills of the banking sector
The recent Punjab National Bank fraud has rekindled the debate on bank privatisation, often considered a solution for the poor management in public sector banks. In this article, Sengupta and Roy cont...
- Shubho Roy Rajeswari Sengupta
- 25 April, 2018
- Perspectives
Understanding the recent ordinance amending the Insolvency and Bankruptcy Code
The Insolvency and Bankruptcy Code, 2016 (IBC) is a landmark reform for India. One year after the notification of the law, an Ordinance to amend IBC has been promulgated, which bars several categories...
- Rajeswari Sengupta Anjali Sharma
- 23 March, 2018
- Perspectives
Communicating uncertainties in GDP data
In recent times there has been a lot of controversy around the accuracy and reliability of Indian GDP estimates. In this article, Amey Sapre and Rajeswari Sengupta contend that much of this confusion ...
- Amey Sapre Rajeswari Sengupta
- 19 February, 2018
- Perspectives
Bank financing of stressed firms
There is anecdotal evidence that banks in India have been extending credit to highly distressed firms. By delaying recognition of bad loans, banks may improve their own profitability in the short run...
- Rajeswari Sengupta Anjali Sharma
- 07 June, 2017
- Articles
Will demonetisation lead to a protracted economic slowdown?
In this article, Pandey and Sengupta argue that the impact of the contractionary demand shock triggered by the note ban will gradually radiate from cash-intensive activities to virtually every sector ...
- Radhika Pandey Rajeswari Sengupta
- 15 December, 2016
- Perspectives
Studying revisions in Indian GDP data
The GDP numbers for a given year undergo a sequence of revisions based on data availability. The periodic revisions are meant to reveal the true picture of the economy, and affect macroeconomic forec...
- Amey Sapre Rajeswari Sengupta
- 28 November, 2016
- Articles
GDP conundrum: Is India booming?
Rajeswari Sengupta, Assistant Professor at IGIDR, points out that the methodology used for the new GDP series seems to be underestimating the GDP deflator, which in turn is causing real growth to be o...
- Rajeswari Sengupta
- 16 November, 2016
- Perspectives
A macro view of India’s currency ban
The recent ban on high-value currency notes has taken the country by storm. While much is being written about the pros and cons of this announcement in terms of the effect on black money, logistical c...
- Rajeswari Sengupta
- 15 November, 2016
- Perspectives
Inflation targeting: A long way to go
The Finance Bill, 2016, amended the Reserve Bank of India (RBI) Act, 1934, to define inflation targeting as the primary objective of the central bank. In this article, Rajeswari Sengupta, Assistant P...
- Rajeswari Sengupta
- 18 July, 2016
- Perspectives
The nuances of inflation targeting in India
How prepared is India for inflation targeting? This column suggests that the larger weight assigned by the RBI to tackling inflation over the years, relative to other policy objectives such as stabil...
- Abhijit Sen Gupta Rajeswari Sengupta
- 16 March, 2015
- Articles
Corporate debt market in India: Issues and challenges
While it is true that the Indian corporate debt market has transformed itself into a much more vibrant trading field for debt instruments from the elementary market that it was about a decade ago, th...
- Vaibhav Anand Rajeswari Sengupta
- 19 May, 2014
- Articles