I work on the politics of financial systems, trying to understand how system-design choices are also political choices, and how these choices lead to macro-social outcomes such as growth or crises. I have done both theoretical and empirical work in case studies covering Indian bond markets, the US shadow-banking system, the EU, and the global reserve system.
Topic A: Indian Industrial Policy in the IT sector
For PhD/MPP
Research Area: Markets and Governance Processes
Description: What set of policies have led, directly and/or indirectly, to the growth of the Indian IT sector since the 1970s? What combination of roles in terms of Evans’ Custodian, Demiurge, Midwifery, and Husbandry has the state played in this sector post-liberalisation? What role of the state is optimal for different subsectors of the IT industry? What is the political economy of these various roles in this sector? What set of roles can we think about to move the IT up the value chain in the near to medium term? How do we evaluate the Ministry for Electronics and Telecommuncation’s Production Linked incentive scheme?
Research Area: Markets and Governance Processes
Description: What set of policies have led, directly and/or indirectly, to the growth of the Indian Auto sector since the 1980s? What combination of roles in terms of Evans’ Custodian, Demiurge, Midwifery, and Husbandry has the state played in this sector post-liberalisation? What role of the state is optimal for different subsectors of the Auto industry? What is the political economy of these various roles in this sector? How has the Indian auto sector fared vs the autopart sector? Is the auto sector an example of too much protectionism or too little industrial policy of the Midwife/Husbandry kind?
Research Area: Markets and Governance Processes
Description: What set of policies have led, directly and/or indirectly, to the growth of the Indian Pharma sector? What combination of roles in terms of Evans’ Custodian, Demiurge, Midwifery, and Husbandry has the state played in this sector post-liberalisation? What role of the state is optimal for different subsectors of the industry? What is the political economy of these various roles in this sector? Has the pharma sector got stuck at the low value-added end of the chain? Is this because of local factors, global factors, or some lacunae in industrial policy?
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