Introduction

Pulapre Balakrishnan was born at Klari, his ancestral village in Kerala, India in 1955.

He was educated at Moscow, Madras and New Delhi, and trained as an economist at

Oxford and Cambridge. His published work spans the inflationary process, the

measurement of productivity growth, the transition to the market in post-communist

Europe, agricultural involution in Kerala and economic growth in India. He is best

known, however, for his books 'Pricing and Inflation in India' (OUP, 1991) and 'Economic

Growth in India: History and Prospect' (OUP, 2010). He has held appointments at

Worcester College of Oxford University, the Indian Statistical Institute at Delhi and

the Indian Institute of Management at Kozhikode. He has served as Country Economist

for Ukraine at the World Bank and as a consultant to the ILO, RBI and UNDP. During

2010-13 he was Director of the Centre for Development Studies, Thiruvananthapuram.

Currently Professor of Economics of Ashoka University and Senior Fellow of IIM

Kozhikodehe has for over twenty five years by now intervened in the public discussion

on India's economy via his popular writing. Balakrishnan is a recipient of the Malcolm 

Adiseshiah Award for Distinguished Contribution to Development Studies (2014).