NAME: Pulapre Balakrishnan.

DATE OF BIRTH: April 4, 1955.

ADDRESS: A4 Lakshmi Apartments, Chalappuram, Kozhikode 673 002, Kerala, India. Telephone: 0471-2448881 (o); mobile telephone: + 91 989 544 0645; e-mail:; website:

EDUCATIONAL: Scuola No. 56, Moscow, USSR 1961-64 and Stanes High School, Coimbatore, India 1965-70; B.A., Madras Christian College 1975; M.A., Jawaharlal Nehru University 1977; M.Phil., University of Oxford 1981; Ph.D., University of Cambridge 1988.

CURRENT POSITION: Professor of Economics, Ashoka University, Kundli, Haryana

PREVIOUS APPOINTMENTS: Lecturer, Shriram College of Commerce, University of Delhi 1977-78; Assistant Professor, Madras Christian College, University of Madras 1978-79; Lecturer, Worcester College, University of Oxford 1986-88;Visiting Assistant Professor, University of Michigan, Ann Arbor 1988-89; Visiting Associate, Indian Statistical Institute 1989-90; Fellow, Madras Institute of Development Studies 1990-91; Associate Professor, Indian Statistical Institute 1991-96; Associate Fellow; Country Economist for Ukraine, The World Bank, Washington, D.C. 1996-97; Professor of Economics, Indian Institute of Management, Kozhikode 1997-2007; Senior Fellow, Nehru Memorial Museum and Library, New Delhi 2006-10; Professor, Centre for Development Studies, Thiruvananthapuram, 2010-15.


Books and monographs

'Pricing and Inflation in India', Delhi: Oxford University Press, 1991.

‘Monetary Policy, Inflation and Activity’, Bombay: Reserve Bank of India, 1992.

‘Agricultural Growth in India since 1991’, with Ramesh Golait and Pankaj Kumar, Mumbai: Reserve Bank of India, 2008.

‘Economic Growth in India: History and Prospect’, New Delhi: Oxford University Press, 2010.

‘Economic reforms and growth in India’, editor, Hyderabad: Orient BlackSwan, 2011.

'Politics Trumps Economics: The Interface of Politics and Economics in Contemporary India', joint editor with Bimal Jalan, New Delhi: Rupa, July 2014.

‘Economic Growth and its Distribution in India’, editor, Hyderabad:Orient Blackswan, 2015.

Articles in journals

"On the significance of interlinked factor-markets in agrarian economies", `Indian Economic Journal,' April 1984.

"The economic consequences of  Mr. Rajiv Gandhi", `Economic and Political Weekly', February 1990.

"The Union Budget for 1990-91", `Economic and Political Weekly", April 1990.

"The current deficit and its malcontents: a consideration in balance-of-payments adjustment", `Economic and Political Weekly', March 1991.

"Money, output and the price level", `Economic and Political Weekly', June 1991.

"Industrial price behaviour in India: An error-correction model", `Journal of Development Economics', October 1991.

"The Union Budget for 1992-93: Much ado about nothing", `Economic and Political Weekly', April 1992.

"The Union Budget for 1993-94: Some macro-economic considerations", `Economic and Political Weekly, April 1993.

"Rational expectations and price behaviour in India", `Economic and Political Weekly', July 1993.

"The Union Budget for 1994-95: Waiting for private investment", `Economic  and Political Weekly', April 1994.

"The determinants of inflation in India: Bayesian and Classical analyses", with  K.Surekha and B.P. Vani, `Journal of Quantitative Economics', July 1994.

"Total factor productivity growth in Indian manufacturing industry: A fresh look",with K. Pushpangadan, `Economic and Political Weekly', July 1994.

"Total factor productivity growth in Indian manufacturing industry: A rejoinder", with K. Pushpangadan, `Economic and Political Weekly', March 1995.

"Public intervention and private speculation: The competition for supplies in the Indian wheat market", with Bharat Ramaswami, `Journal of Quantitative Economics', July 1995.

"How best to model inflation in India", `Journal of Policy Modeling', October- December 1995.

"Total factor productivity growth in Indian manufacturing: A summing up", with K. Pushpangadan, `Economic and Political Weekly', February 1996.continued:

"What are the `fundamentals'?", `Economic and Political Weekly', May 1995.

"Repressed inflation", `Economic and Political Weekly', April 1996. 

"The behaviour of  the savings rate in the Indian economy since 1991",`Economic and Political Weekly', Special Number, 1996.

"The quality of the public distribution system: Why it matters", with B. Ramaswami,    `Economic and Political Weekly', January 1997.

“What do we know about productivity growth in Indian industry?”, with K.Pushpangadan, `Economic and Political Weekly’, August 1998.

“Managing the Indian economy”, `Economic and Political Weekly’, October 1998.

“History versus expectations in contemporary Ukraine”, `Economic and Political Weekly’, December 1998.

“Land reforms and the question of food in Kerala”, `Economic and Political Weekly’, May 1999.

“Food policy versus prosperity”, a review of `Food policy and the Indian state’ by J. Mooij, `Economic and Political Weekly’, July 1999.

“Agriculture and the economic reforms: growth and welfare,” `Economic and Political Weekly,’ March 2000.

“Vision and illusion in fiscal correction”, with Bharat Ramswami, `Economic and Political Weekly,’ April 2000.

“Trade liberalisation and productivity growth in manufacturing: Evidence from firm-level panel data”, with K. Pushpangadan and M. Suresh Babu, `Economic and Political Weekly’, October 2000.

“TFPG in manufacturing: The 80s revisited”, with K. Pushpangadan, ‘Economic and Political Weekly’, January 2002.

“The Budget and the economy”, `Economic and Political Weekly’, March 2002.

“Why did a slump follow land reforms in Kerala?”, `South Asia Economic Journal’, March 2002.

"Hello Marxism, Goodbye Leninism!", Review of  Marx's Revenge by Meghnad Desai, 'Economic and Political Weekly', September 2002.

"Food prices and the efficiency of intervention: The case of the PDS in India", with Bharat Ramaswami, `Food Policy', 2003.

"Globalisation, growth and justice", `Economic and Political Weekly’, July-August,2003.

“Growth and distribution in Indian industry in the nineties”, with M. Suresh Babu ‘Economic and Political Weekly’, September 2003.

“Measurement of manufacturing sector productivity”, ‘Economic and Political Weekly’, April 2004.

“Macroeconomic policy and economic growth in the1990s”, ‘Economic and Political Weekly, September 2005.

“Liberalisation, market power and productivity growth in Indian industry”, with M. Parameswaran, K. Pushpangadan and M. Suresh Babu, `Journal of Policy  Reforms’, March 2006.

“Dancing with neoliberals: Review of Rethinking Development Economics by Ha-Joon Chang”, Economic and Political Weekly’, April 2006.

“Benign neglect or strategic intent? The contested lineage of the Indian software Iindustry”,‘Economic and Political Weekly’, September 2006.

“Trends in savings, investment and consumption”, with M. Suresh Babu, by invitation,‘Economic and Political Weekly’, May 2007.

“Understanding economic growth in India, A prerequisite”, with M. Parameswaran, ‘Economic and Political Weekly, July 2007

“Growth and inflation”, by invitation, ’Yojana’, October 2007.

‘Understanding India’s growth: further observations”, with M. Parameswaran, ‘Economic and Political Weekly’, November 2007.

“The recovery of India: economic growth in the Nehru era”, ‘Economic and Political Weekly’, November 2007. 

“Visible hand: Public policy and economic growth in the Nehru era”, ‘Indian Economic Journal’, April-June 2008.

"Globalisation and Development: India since 1991", 'The Journal of Economic Asymmetries', December 2011. 

“The Great Reversal: A Macro Story”, ‘Economic and Political Weekly’, May 2014.

 “Kerala and the Rest of India: What we can learn for each other’s development experience?’, ‘Economic and Political Weekly’, January 2015.

Articles in edited books

"The short-run behaviour of prices and quantities in Indian industry", in `Indian industry: policies and performance', edited by D. Mookherjee, Delhi: Oxford University Press, 1995.

"The current stabilisation programme and the Indian economy ", in `Planning in India', edited by M. Chattopadhyaya, P. Maiti and M. Rakshit, New Delhi: Sage Publications, 1996.

"The fiscal deficit in macroeconomic perspective", in `Public Finance: Policy Issues for India', edited by S. Mundle, Delhi: Oxford University Press, 1998.

"The new fundamentalism in macroeconomic policy", in `Keynes, Keynesianism    and      Political Economy, Essays in Honour of Geoff Harcourt', edited by P. Kriesler and C. Sardoni, Routledge Frontiers of Political Economy 22, London: Routledge and Kegan Paul, 1998.

“India: Economic policy in the last decade”, `Enciclopedia Italiana, Appendice 4’, Roma: Fondata da Giovanni Treccani, 2000.

“Analysing government intervention in foodgrain markets”, with B. Ramaswami, in `Public support for food security’, edited by N. Krishnaji and T.N. Krishnan, New Delhi: Sage Publications, 2000.

“Land reforms and the question of food in Kerala”, originally the Daniel Thorner Lecture for 1997, re-printed with a postscript, in ‘Land, Labour and Rights’, edited by Alice Thorner, New Delhi: Tulika Press, 2003.

“Macroeconomic policy, structural reforms and economic growth in India since 1991”, in ‘Macroeconomic Management and Government 
Finances’, Delhi: Oxford University Press for the Asian Development Bank, 2009.

“Mainstreaming the Marginalised: Conceptualising the Developmental Challenge in India”, pp. 581-97, in H. Cisse, N.R.M. Menon, M-C.C. Segger and V.O. Nmehielle (ed.) ‘Fostering Development through Opportunity, Inclusion and Equity’, The World Bank Legal Review, volume 5, 2013.

After liberalizing reforms in India: public policy at a crossroads”, in Ashima Goyal (ed.), ‘Handbook of the Indian Economy in the 21st Century’, New Delhi: Oxford University Press, 2014.


`Agricultural incentives in sub-Saharan Africa', Special Office for African Affairs, The World Bank, Washington, D.C., processed, October 1985.

`Report of the Working Group on Financial Companies - The Shah Committee', Bombay: Reserve Bank of  India, 1992, co-authored.

`The profile of public investment in Ukraine’, with Mark Davis, prepared for the`Ukraine: Public Investment Review’, Europe and Central Asia Department, The World Bank, Washington, D.C., 1997.

General writing

A listing of my general writing including popular economics published in the newspapers may be accessed at


External Collaborator, EMPRU, International Labour Organisation, Geneva, April-May 1984.

Intern, Special Office for African Affairs, The World Bank, Washington, June-September 1985.

Research Associate, Department of Economics, University of California, Berkeley, May-June1989.

 Member, Group of Economists convened by the Governor, Reserve Bank of India, 1991, 1994, 2009.

External Expert, Development Research Group, Reserve Bank of India, Mumbai, March-April 1992.

Member, Working Group on Non-Bank Financial Companies - The `Shah’ Committee - Reserve Bank of India, 1992.

Associate Fellow, Centre for Development Studies, Thiruvananthapuram 1992-94.

Project Leader, "Government operations in foodgrains", ‘Research Project on Strategies and Financing for Human Development', GoI/UNDP, 1994-95.

Visiting Professor, Department of Economics, Vanderbilt University, Nashville, Tennessee, Fall Semester 2000.

Member, Southern India Regional Advisory Committee, Industrial Development Bank of  India, 2000-2.

Member, Board of Governors, Indian Institute of Management, Kozhikode, 2000-02 and 2002-04.

Visiting Professor, Indira Gandhi Institute for Development Research, Mumbai, July-September 2004.

Visiting Professor, Department of Economics, University College, London, 2004-5.

Visiting Professor, Jawaharlal Nehru University, New Delhi, Winter Semester 2010.

Director, Centre for Development Studies, 2010-13.

Awarded the Malcolm Adiseshiah Award for Outstanding Contribution to Development Studies 2014.

Visitor, Delhi School of Economics, April-May 2015.

Significant Invited Addresses

‘Land Reforms and the Question of Food in Kerala’, 11th Daniel Thorner Memorial Lecture, Thiruvananthapuram, February 1999; Globalisation, Growth, and Justice’, 2nd Malcolm Adiseshiah Memorial Lecture, Madras Christian College, Chennai, March 2003; ‘Measurement of Productivity Growth in Indian Manufacturing’, Keynote Address to the Indian Economic Association, Eighty Sixth Annual Conference, Kolhapur, December 2003; 'India’s Software Success', Keynote Address at the National Economic Outlook Conference 2006, Malaysian Institute of Economic Research, Kuala Lumpur, 6 December 2005; 'The Economic Consequences of Jawaharlal Nehru: a 21st century view', 27th G.B. Pant Memorial Lecture, Allahabad, 10 September 2012;‘Making Sense of Democracy’, a TEDxYouth talk,Thiruvananthapuram 2013; ‘Kerala and the Rest of India’, 27th Achyutha Menon Memorial Lecture, Thriuvananthapuram, August 2014; ‘Macroeconomic Reversal in India: A Structuralist View’, Malcolm Adiseshiah Award Acceptance Speech, Chennai, November 2014.