Centre for Finance and Economics Research (CFER)

Centre for Finance and Economics Research (CFER)

The Centre for Finance and Economics Research (CFER) at Great Lakes Institute of Management is dedicated to promoting research excellence and innovation in the areas of finance, economics, and public policy. By engaging with academia, industry, and regulatory bodies, the Centre provides a platform for impactful research, data-driven insights, and informed policy discourse. CFER also supports student-driven projects, faculty research, and collaborative studies that shape responsible and sustainable financial decision-making.

Upcoming Conference: Women @ Work - White Paper Launch, | March 06th 2026

Research

Research at the Centre for Finance and Economics Research focuses on ideas that matter beyond journals and classrooms. Our work spans finance, economics, and public policy, bringing together rigorous analysis and real-world relevance. Faculty and associates engage with industry, regulators, and institutions to examine how markets function, how policies shape outcomes, and how financial decisions affect society at large. The Centre also supports collaborative and student-driven research that contributes to responsible, informed, and sustainable decision-making.

Publications by Centre Associates

Publications by The Centre Associates covers economics, public policy, labour markets, gender and employment, financial systems, sustainability, and institutional reform. Grounded in empirical research and policy analysis, these articles examine issues such as workforce participation, regional growth disparities, employment dynamics, household behaviour during economic shocks, and long-term structural transitions in the Indian economy. Published across leading national and international platforms, the work contributes to evidence-based public discourse and policy thinking.

What Shapes Us

What Shapes Us is a podcast about the forces that quietly influence who we become and how far we go. Through personal journeys, we explore why some people find momentum while others struggle to break through. The conversations move between lived experience and larger systems, where effort, access, chance, and context meet. Each episode lets the 5E framework emerge naturally through stories that feel real, reflective, and human.

Upcoming Episode: Sample Name

CFER Associates

CFER Associates are faculty members at Great Lakes Institute of Management who are actively engaged with the Centre’s work. Their research and teaching span finance, economics, and public policy, with a focus on questions that matter to markets, institutions, and society. As Associates, they contribute to research initiatives, thought leadership, and conversations that connect academic insight with real-world relevance.

Past Events

Over the years, the Centre has hosted a series of high-impact finance conferences that bring together policymakers, market practitioners, academics, and industry leaders to engage with some of the most critical questions shaping India’s economic and financial landscape. These conferences have covered themes ranging from India’s secular growth story, central banking and macroeconomic stability, wealth creation and personal finance, ESG and sustainable finance, to auction theory and public policy design. Each event is anchored in rigorous thinking and real-world relevance, creating a space where theory meets practice, policy meets markets, and long-term perspectives take precedence over short-term noise. Together, these forums reflect the Centre’s commitment to informed debate, practitioner-led insight, and evidence-based discourse on finance and the Indian economy.

Contact Us

For research collaborations, academic engagement, events, or general enquiries related to the Centre for Finance and Economics Research, please reach out to us. We welcome conversations with scholars, practitioners, institutions, and students who are interested in advancing research and dialogue in finance, economics, and public policy.

Women’s Day Whitepaper Launch - March 16th 2026

Migration among single women in India for employment remains very low, with the lack of safe and affordable housing constituting a key barrier. The report to be released examines the impact of working women’s hostels in Tamil Nadu on women’s employment outcomes and lived experiences, analysing how access to secure accommodation influences labour market participation, mobility, and everyday well-being.

Goli Soda, Ivey Case Studies

Vidya Mahambare

https://www.iveypublishing.ca/s/product/goli-soda/01tOF000007YbPJYA0

Financial stress, economic policy uncertainty, and market volatility: Implications for cross boarder acquisition activity, Research In Globalization

Chandrika Raghavendra, Scopus Q1

Economic Policy Uncertainty, ESG and Credit Risk: Do Environmentally Sensitive Industries Enjoy Superior Risk Mitigation, Applied Economics

Ranjitha Ajay, Scopus Q2, ABDC/A

Logistics Capabilities as Drivers of Cross-Border Acquisitions: Empirical Insights from Advanced and Emerging Economies, Applied Economics

Chandrika Raghavendra, Scopus Q2, ABDC/A

https://www.tandfonline.com/doi/abs/10.1080/00036846.2025.2501342

Analysing the sentiment-based variation in finance ministers’ communication, Quality and Quantity

Vidya Mahambare, Scopus Q1, ABDC/B

https://link.springer.com/article/10.1007/s11135-025-02324-2

Evaluating cash transfers and health advice impact on child health: evidence from low-performing Indian states under Janani Suraksha Yojana, Indian Growth and Development Review

Vidya Mahambare, Scopus Q2, ABDC/B

https://www.emerald.com/igdr/article-abstract/doi/10.1108/IGDR-09-2024-0150/1271933/Evaluating-cash-transfers-and-health-advice-impact?redirectedFrom=fulltext

Advancing Understanding of ESG Scores and Executive Compensation Relationships in the Indian Context, Global Finance Journal

Ranjitha Ajay, Scopus Q1, ABDC/A

http://sciencedirect.com/science/article/abs/pii/S1044028324000656

Dissecting E, S, and G for Risk Mitigation: Insights from the Term Structure of CDS, Applied Economics

Ranjitha Ajay, Scopus Q1, ABDC/A

https://www.tandfonline.com/doi/full/10.1080/00036846.2024.2423066

Does Human Flight and Brain Drain Affect Cross-Border Acquisitions? Insights into Tobit and Binomial Regression Models, Research in International Business and Finance

Chandrika Raghavendra, Scopus Q1, ABDC/B

https://www.sciencedirect.com/science/article/pii/S0275531925000613

Commuting, Transport Infrastructure, and Gender: Evidence from Indian Metros, Journal of Social and Economic Development

Vidya Mahambare, Scopus Q2, ABDC/C

https://link.springer.com/article/10.1007/s40847-024-00413-w

Do Market, Resource, and Knowledge Distance Impact Inbound Cross-Border Acquisitions?, Global Finance Journal

Chandrika Raghavendra, Scopus Q1, ABDC/A

https://www.sciencedirect.com/science/article/pii/S1044028323000571

Stretch or Suppress: Role of Owners and Nominee Directors in Financial Distress, Journal of Emerging Market Finance

Swechha Chada, Scopus Q3, ABDC/B

https://journals.sagepub.com/doi/full/10.1177/09726527231183014?casa_token=OcIRHx2CRW4AAAAA%3AHL3jZpkdy-46iXCjAZnk7kOQIHI9LIv1C0iKRyNfv3NxJCtCR3ZJWdWHZBD9p4FYr6gSCDW5DHM

Socioemotional Wealth and Cash flow Sensitivity of Cash: Evidence from India, North American Journal of Economics and Finance

Swechha Chada, Scopus Q1, ABDC/B

https://www.sciencedirect.com/science/article/abs/pii/S1062940823001468

Economic policy uncertainties and institutional ownership in India, The Journal of Economic Asymmetries

Swechha Chada, Scopus Q1, ABDC/B

https://www.sciencedirect.com/science/article/pii/S1703494923000051

The Informational Content of Central Bank Communication for the Energy Market: the Role of News versus Surprises, Applied Economics

Amar Jyoti, Scopus Q2, ABDC/A

https://www.tandfonline.com/doi/abs/10.1080/00036846.2023.2293669

Impact of carbon emissions, renewable and non-renewable energy consumption on inbound cross-border mergers and acquisition’s investment inflow, Environment, Development and Sustainability

Chandrika Raghavendra, Scopus Q1

https://link.springer.com/article/10.1007/s10668-024-04511-x

EARNINGS MANAGEMENT AND EXECUTIVE COMPENSATION: A STUDY OF THE INDIAN MANUFACTURING SECTOR, Journal of Commerce & Accounting Research

Ranjitha Ajay, ABDC/C

The political budget cycles in the presence of a fiscal rule: The case of farm debt waivers in India, Journal of Policy Modeling

Vidya Mahambare, Scopus Q1, ABDC/A

VfM audit and the UK public sector: A critical review of the VfM reports, Financial Accountability and Management

Ranjitha Ajay, Scopus Q1, ABDC/A

Women's challenging commutes in southern India: A case of the metropolitan region of Chennai, Cities

Vidya Mahambare, Scopus Q1

Whose speeches impact European markets: ECB's or the national central banks'?, European Financial Management

Jalaj Pathak, Scopus Q1, ABDC/A

Can blockchain enabled green bond issuance lead to intent to invest? A moderated mediation model, Applied Economics

Gayathri Giri, Scopus Q2, ABDC/A

Modelling asymmetric sovereign bond yield volatility with univariate GARCH models: Evidence from India, Cogent Economics & Finance

Vishwanathan Iyer, Scopus Q2, ABDC/B

Earnings quality, institutional investors and corporate cash holdings: evidence from India, International Journal of Managerial Finance

Swechha Chada, Scopus Q1, ABDC/A

Male Backlash and Female Guilt: Women’s Employment and Intimate Partner Violence in Urban India, Feminist Economics

Vidya Mahambare, Scopus 94, ABDC/A

The role of Reddit in the GameStop short squeeze, Economics Letters

Jalaj Pathak, Scopus 59, ABDC/A

Inflation targeting is no miracle cure but it's the best available

Vidya Mahambare

LiveMint

India's G-SAP versus Japan's yield curve control policy

Vidya Mahambare

LiveMint

A realistic growth outlook for India amid uncertainty

Vidya Mahambare

LiveMint

Workers are moving off Indian farms, but where are they going?

Vidya Mahambare

LiveMint

Tamil Nadu left Punjab, Bengal far behind. Here's what it needs to do now

Vidya Mahambare

The Print

Contrasting stories of economic transition from a trio of states

Vidya Mahambare

LiveMint

Indians' Covid experience is set to change trust level in political leaders, institutions

Vidya Mahambare

The Print

How did Indian households cope with the COVID crisis

Vidya Mahambare, Trichy Krishnan, Suresh Ramanathan and Udaya N

ET Brand Equity

Does the country suffer from a collective optimism bias

Vidya Mahambare

LiveMint

A gender gap in ideals of weight reveals lack of progress

Vidya Mahambare

LiveMint

Impact of COVID-19 on Indian household budgets

Vidya Mahambare

BBC World

India's disadvantaged are better off but not nearly enough

Vidya Mahambare

LiveMint

The effect of a state's prosperity on disparities between groups

Vidya Mahambare

LiveMint

False notions of gender roles should be corrected early

Vidya Mahambare

LiveMint

Why we need an efficient yield curve

Vidya Mahambare

LiveMint

The first principles of commerce should guide e-com policy too

Vidya Mahambare

LiveMint

Sugar price hasn't risen much in a decade and that isn't healthy

Vidya Mahambare

The Print

In memory of Subir Gokarn who left us far too soon

Vidya Mahambare

LiveMint

Differential Pricing and Learnings from a Dental Clinic

Vidya Mahambare

LiveMint

Differences in sentiment within our monetary policy committee

Vidya Mahambare

LiveMint

TN unemployment due to skills mismatch

Vidya Mahambare

The Hindu Business Line

Caste or income or mother? As primary schools reopen, we need to decide who gets extra support

Vidya Mahambare

The Print

Shifts and stagnancy in the caste profile of our asset rich and poor

Vidya Mahambare

LiveMint

The difference education makes to what the salaried earn in India

Vidya Mahambare

LiveMint

Prof. Vidya Mahambare speaks Live on Bloomberg

Vidya Mahambare

Bloomberg

India's productivity challenge is steep in service sectors

Vidya Mahambare

LiveMint

Has crop insurance helped Indian farmers?

Vidya Mahambare

The Print

India's new employment policy ought to focus on young adults

Vidya Mahambare

LiveMint

Do young Indian Women Work? Gujarat tops single working women, among lowest in married

Vidya Mahambare

The Print

What unites Bihar and Kerala young men? It has to do with jobs

Vidya Mahambare

The Print

Non Farm jobs and social mores hold India's key to farm reforms

Vidya Mahambare

LiveMint

Focus on expansion of industries bodes well for job creation

Vidya Mahambare

Times of India

Do e-comm sites squeeze SME vendors?

Vidya Mahambare

The Hindu Business Line

Farm loan waivers are announced in election season. Karnataka worst offender

Vidya Mahambare

The Print

Setting the Tone: Differences of Sentiment in Budget Speeches

Vidya Mahambare

LiveMint

Our budget policies should aim for the creation of quality jobs

Vidya Mahambare

LiveMint

Mind the tone: Text analysis of Monetary Policy Committee statements

Vidya Mahambare and Jalaj Pathak

Ideas for India

Tamil Nadu economy bounces back from Covid 2.0

Vidya Mahambare

The Hindu Business Line

Govt schemes JSY, PMMVY work only if health workers do

Vidya Mahambare

The Print

A Common Admission Test could worsen higher ed. access

Vidya Mahambare

LiveMint

Treading on fire

Vidya Mahambare

Financial Express

A Common Admission Test could worsen higher ed. access

Vidya Mahambare

Hindustan Times

Young married women are sleeping less and working more in Indian homes, time-use data shows

Vidya Mahambare

The Print

Indian men work more but women have less leisure time

Vidya Mahambare

The Print

Why higher GST on chit funds is a bad idea

Vidya Mahambare and Sanjoy Sircar

LiveMint

Is paid work always empowering?

Vidya Mahambare

Rocking our Priors - Apple Podcast

Freebie ban versus fiscal rules: Go with what works best

Vidya Mahambare

LiveMint

States have similar inflation but divergent trajectories of growth

Vidya Mahambare

LiveMint

We need an eye kept out on relative prices and not just inflation data

Vidya Mahambare

LiveMint

Inflation burns could take a long time to heal in India and the west

Vidya Mahambare

LiveMint

Our household savings are moving towards normalcy

Vidya Mahambare

LiveMint

RBI May Need A Revised Strategy To Anchor inflation Expectation

Vidya Mahambare

LiveMint

A weaker rupee doesn't guarantee export boost

Vidya Mahambare

LiveMint

Control the fallout of the price we pay for price controls

Vidya Mahambare

LiveMint

Indian mothers spend 9 hrs a week on their young children, Americans 13. State must step in

Vidya Mahambare

The Print

A higher Fed inflation aim could unsettle America and the world

Vidya Mahambare

LiveMint

Indian semiconductor industry needs more than just financial support

Vidya Mahambare

Mobility Outlook

Customise jobs, create start-up culture to unlock TN's potential

Vidya Mahambare

Times of India

Get ready for a whole new future led by AI technology

Vidya Mahambare

LiveMint

Could AI diffusion affect global patterns of migration?

Vidya Mahambare

LiveMint

Indian taxpayers are 'dragged' into paying higher income tax. Govt must factor in inflation

Vidya Mahambare

The Print

Marriage has a significant link in urban India with women's work

Vidya Mahambare

LiveMint

Young adults and Gender gaps to be addressed

Vidya Mahambare

Industrial Economist

How management education can integrate AI in curriculum

Vidya Mahambare

The Hindu Business Line

Companies must strive to retain productive women employees

Vidya Mahambare

LiveMint

Close the prestige gap to find takers for unfancied jobs

Vidya Mahambare

LiveMint

Tomato Challenge - Hoarding is not as bad as it sounds

Vidya Mahambare

LiveMint

Internationalize the rupee while a BRICS currency loses traction

Vidya Mahambare

LiveMint

Factory item prices must cool for lasting inflation relief

Vidya Mahambare

LiveMint

To Tip or Not to Tip - The Dilemma of a service Charge

Vidya Mahambare

LiveMint

Goldin's research on US women's work patterns has resemblance

Vidya Mahambare

LiveMint

Are Indians saving enough? There is no clear answer

Vidya Mahambare

LiveMint

Huge jump in rural women employment in India. But not many are celebrating

Vidya Mahambare

The Print

There is more to India's mystery of raised employment postpandemic

Vidya Mahambare

LiveMint

Manufacturing versus services: It's not one or the other

Vidya Mahambare

LiveMint

The New Norm in Salary Hikes: Upskilling, Reskilling, and Career Growth

Vidya Mahambare

Financial Express

Indian Banks Stand to Gain From Country's Inclusion in JP Morgan's EM Index

Vidya Mahambare

The Hindu Business Line

Indian Economy Is Set to Be the 3rd Largest by 2030

Vidya Mahambare

The South First

Invited webinar at Centre for Advanced Study of India, University of Pennsylvania

Vidya Mahambare

University of Pennsylvania / CASI

What Tells Us More About Prosperity: Consumption or GDP per head?

Vidya Mahambare

LiveMint

Well-aimed policies can enhance women's employment

Vidya Mahambare

LiveMint

Disparity between rural and urban consumption is less than what it looks like

Vidya Mahambare

LiveMint

Urbanization pressure: India's housing policy needs a big rethink

Vidya Mahambare

LiveMint

Sitharaman gave her least complex budget speech in 2024 but former FMs kept it simpler

Vidya Mahambare

The Print

What Indians got wrong about the 70-hour work debate

Vidya Mahambare

The Print

A tale of India's two big export industries and a lesson on incentives

Vidya Mahambare

LiveMint

Sitharaman's budget speeches have mostly been positive in tone despite Covid

Vidya Mahambare

LiveMint

A prudential approach to risk management must not hold back credit availability for the needy

Vidya Mahambare

LiveMint

White Revolution 2.0: Milk sufficiency for all

Vidya Mahambare

LiveMint

Overwork, employees, stress, HR, AI, adaptability, articulation ability

Vidya Mahambare

LiveMint

GDP, manufacturing, industrialization, production

Vidya Mahambare

LiveMint

Bihar, Uttar Pradesh, West Bengal: Service sector, manufacturing jobs, industrialization

Vidya Mahambare

LiveMint

Union Budget can boost TN's growth

Vidya Mahambare

Times of India

Uttar Pradesh: Women employment, jobs for women, workforce participation

Vidya Mahambare

LiveMint

Car ownership, service sector, agriculture, income inequality, labour market

Vidya Mahambare

LiveMint

Boosting fertility by subsidizing child-bearing for young women

Vidya Mahambare

Marginal Revolution

The 1991 project – India's Reform Journey Revisited, Mercatus Centre, George Mason University

Vidya Mahambare

The 1991 Project / Mercatus Centre

Highlights: Commerce dept studying opportunities that may arise due to Trump tariffs

Vidya Mahambare

Business Standard

MPC highlights: Growth estimate revisions mainly due to tariff-related uncertainties

Vidya Mahambare

Business Standard

How poor is poor in India

Vidya Mahambare

India Today

India's energy strategy through the lens of game theory

Vidya Mahambare

Deccan Herald

India turns to Gulf jewellery market to offset US tariffs

Vidya Mahambare

The National News UAE

Why India's South is surging while its North is struggling

Vidya Mahambare

Business Beyond / DW News

Path to $1 trillion: Numerical target not the end goal

Vidya Mahambare

ET Manufacturing

DEI defence: How to promote diversity and prevent a backlash

Vidya Mahambare

LiveMint

Riding the new wave in services, industry

Vidya Mahambare

The Hindu Business Line

Balancing 5Es of an ambitious $1 trillion economy dream

Vidya Mahambare

Times of India

Invited research presentation on India's employment challenges

Vidya Mahambare

Artha Global

Inspiring Change Conference – Indian Women and Paid Work (International Conference)

Vidya Mahambare

Great Lakes / Inspiring Change Conference

Bloomberg – Discussion on the Economy and employment with Haslinda Amin and Rishaad Salamat

Vidya Mahambare

Bloomberg

Govt's plan to increase listed cos public shareholding to 35 to improve corporate governance

Ranjitha Ajay

Economic Times (Government ET)

Post-IPO performance amid retail investor rush

Ranjitha Ajay (with Arnab Sarkar)

Daily Pioneer

Implementation of Central Bank Digital Currency

Ranjitha Ajay (with Arnab Sarkar)

VC World

Indian Banks Stand To Gain From Country's Inclusion In JP Morgan's EM Index

Ranjitha Ajay (with Rintu Anthony)

BusinessWorld / The Hindu Business Line

Sustainable Leadership: Driving Change In An Evolving ESG landscape

Ranjitha Ajay (with Neethu Mohammed)

BW Sustainability World

From waste to wealth: How circular economy can power India's green future

Ranjitha Ajay and Shrivar Todi

The Week

How to manage expenses and savings

Ranjitha Ajay

Business Standard Hindi

RBI Monetary Policy Meeting Highlights: Governor Sanjay Malhotra Slashes Repo Rate by 50 BPS - Hat-trick Of Rate Cuts

Chandrika Raghavendra

Times Now

RBI MPC meeting highlights: MPC continues to monitor incoming data, says Governor Sanjay Malhotra

Chandrika Raghavendra

Business Standard

The Great Indian Salary Crisis

Chandrika Raghavendra

India Today

RBI MPC highlights: Difficult to predict what impact tariffs will have, says RBI governor

Chandrika Raghavendra

Business Standard

India, China find common ground amidst US pressure. But can the bromance last?

Chandrika Raghavendra

The Week

Guardrails against dependency | India's cautious embrace of China

Chandrika Raghavendra

Deccan Herald

Tariff and uncertainty leading to another 'gold run': Why gold's glitter is back?

Chandrika Raghavendra

The Week

Colleges Change Assignments, Assessment Methods with GenAI Integration

Vishwanathan Iyer

Moneycontrol

Budget 2024: Educational Sector Seeks Investments for NEP Goals and Human Resources

Vishwanathan Iyer

SiliconIndia

Financial Sovereignty: Reflecting on 77 Years of Policy and Progress

Vishwanathan Iyer

The Week

Why are Mutual Fund SIPs Seeking Stoppages Amid Market Volatility? Here's what to know

Vishwanathan Iyer

Fortune India

Stock Market Sentiment: Will RBI's policy shift influence equity markets? Here's what experts say

Vishwanathan Iyer

India TV

India stands to gain from US tariffs rewiring Asia's supply chains

Vishwanathan Iyer

Deccan Herald

First-time taxpayer's guide: Forms, filing, and avoiding common pitfalls

Vishwanathan Iyer

Business Standard

Income below tax slab? Filing an ITR still pays off in ways you didn't know

Vishwanathan Iyer

Business Standard

Do NRIs have to file tax returns in India: What's the rule and process

Vishwanathan Iyer

Business Standard

Tax dept's AI tool 'not meant' for resolving political donation disputes

Vishwanathan Iyer

Business Standard

Exemption limits, forms: Income Tax rule changes for NRIs this year

Vishwanathan Iyer

Business Standard

HRA exemption glitch in ITR utility: What salaried taxpayers must do

Vishwanathan Iyer

Business Standard

How blockchain could transform mutual fund ownership in India

Vishwanathan Iyer

Fortune India

Are FDs still the best bet? What should investors do amid shifting geopolitical dynamics

Vishwanathan Iyer

Fortune India

Will GST rate cut increase credit demand and drive consumption? Here's what experts say

Vishwanathan Iyer

Fortune India

ITR-5, 6, 7 get Excel utilities to cut errors as Sept 15 deadline nears

Vishwanathan Iyer

Business Standard

Convenience or debt trap? The hidden cost of BPNL, easy credit and festive offers

Vishwanathan Iyer

India Today

How GST Reforms Could Unlock a New Era Of Corporate Social Investments

Vishwanathan Iyer

CSR Times

Festive season investing: Why SIPs outshine one-time big bets

Vishwanathan Iyer

Fortune India

Mutual fund SIPs vs direct stocks: Where should young professionals bet?

Vishwanathan Iyer

India Today

Finfluencers, Behavioural Biases & Big Money: SEBI's Crackdown Exposes a Risk India Missed

Vishwanathan Iyer

Outlook Business

What Shapes Us Episode 1: In Talks with Sirisha Bhamidipati

Sirisha Bhamidipati is a Fulbright Scholar, IIM Ahmedabad alum, and disability-inclusion advocate who works to reframe accessibility as essential infrastructure. In this conversation with Vidya, she shares her journey of rebuilding her life after paralysis and reflects on how systems are designed to include or exclude, by choice or by default.

What Shapes Us Episode 2: In Talks with Mitu Samar Jha

Mitu Samar Jha is the Founder and CEO of Eminence Strategy Consulting, with leadership experience across CRISIL, Aditya Birla Capital, ICICI Prudential MF, and Great Eastern Shipping. In conversation with Vidya, she traces her journey from Bihar to the corporate boardroom and reflects on how self-determination and hard work compound over time to shape outcomes.

What Shapes Us Episode 3: In Talks with Vasanth Emmanuel Jeyapaul

Vasanth Emmanuel Jeyapaul is the CEO of CAMSPay, the payments arm of CAMS, one of India’s largest financial infrastructure providers. In conversation with Vidya, he reflects on his journey from interior Tamil Nadu to shaping India’s digital payments ecosystem, and how unexpected choices and transitions have defined his path through the lens of the 5Es.

What Shapes Us Episode 4: In Talks with Sajith Pai

From small town India to the venture capital tables of Blume Ventures, Sajith Pai’s journey is shaped as much by geography as ambition. In this episode, he unpacks the thinking behind the Indus Valley Annual Report and what it reveals about India’s startup engine. He speaks about how social and institutional endowments quietly shape who gets ahead. And how the profile of the Indian founder is changing as opportunity spreads beyond the obvious circles.

What Shapes Us Episode 5: In Talks with Madhu Vishwanathan

What if marketing began with people living under scarcity? In this episode, Madhubalan Viswanathan explains why he built the idea of Subsistence Marketplace. He unpacks the real constraints low income entrepreneurs face. And what it takes to turn intent into meaningful opportunity.

What Shapes Us Episode 6: In Talks with Rishikesh Krishnan

At Indian Institute of Management Bangalore, Rishikesh Krishnan has shaped both strategy and innovation. Drawing from From Jugaad to Systematic Innovation and 8 Steps to Innovation: Going from Jugaad to Excellence, he reflects on what truly drives progress. In this episode, he explores which forces shape entrepreneurs and academics. And why institutions must evolve to create real equality of opportunity.

Dr. Debashis Sanyal

Dr. Debashis Sanyal

Director, Great Lakes Institute of Management
Email: dsanyal@greatlakes.edu.in
Dr. Vidya Mahambare

Dr. Vidya Mahambare

Professor - Economics
Email: vidya.m@greatlakes.edu.in
Dr. Ranjitha Ajay

Dr. Ranjitha Ajay

Associate Professor – Finance
Area Chair: Finance & Economics
Email: ranjitha.a@greatlakes.edu.in
Dr. Chandrika Raghavendra

Dr. Chandrika Raghavendra

Assistant Professor - Economics & International Business
Email: chandrika.r@greatlakes.edu.in
Dr. Jaydeep Mukherjee

Dr. Jaydeep Mukherjee

Professor
Email: jaydeep.m@greatlakes.edu.in
Dr. Hajam Abid Bashir

Dr. Hajam Abid Bashir

Assistant Professor- Research
Email: abid.b@greatlakes.edu.in
Dr. Neeraj Jain

Dr. Neeraj Jain

Assistant Professor- Finance
Email: neeraj.r@greatlakes.edu.in
Dr. Rajesh Kumar Acha

Dr. Rajesh Kumar Acha

Assistant Professor - Finance
Email: rajeshkumar.s@greatlakes.edu.in
Dr. Ranjan Chakravarty

Dr. Ranjan Chakravarty

Professor of Practice - Finance
Email: ranjan.c@greatlakes.edu.in
Dr. Swechha Chada

Dr. Swechha Chada

Assistant Professor - Corporate Finance
Email: swechha.c@greatlakes.edu.in
Lavanya.G

Lavanya.G

Junior Faculty - Finance
Email: lavanya.g@greatlakes.edu.in
Madhu Kumari

Madhu Kumari

Junior Faculty - Finance
Email: madhu.t@greatlakes.edu.in
Vishnu Prasanna

Vishnu Prasanna

Great Lakes Institute of Management
Email: vishnu.p@greatlakes.edu.in
Anagha Shandilya

Anagha Shandilya

Junior Faculty - Finance
Email: anagha.s@greatlakes.edu.in
Mamta Rani

Mamta Rani

Junior Faculty - Economics & Cost Accounting
Email: mamtarani.d@greatlakes.edu.in
Saikat Das

Saikat Das

Junior Faculty - Finance
The Annual Finance Conference - February 26th 2026

The 16th The Annual Finance Conference will focus on the theme ‘Financial Stability in a Volatile World: Risks, Resilience, and Regulation’, and will be inaugurated by the Deputy Governor of India’s Central Bank, the Reserve Bank of India, Shri T. Rabi Sankar. The conference will feature a panel discussion and the release of two white papers by the centre’s faculty members: one examining the market efficiency in the sale of non-performing assets (NPAs) by banks and the other on equity market microstructure issues.

A Sixth of Humanity Book Launch

The book A Sixth of Humanity: Independent India’s Development Odyssey by economist Arvind Subramanian and political scientist Devesh Kapur was launched at Great Lakes Institute of Management, Chennai, as part of The Federal’s Voices That Count series.

In a wide-ranging conversation with the centre’s chairperson Prof Vidya Mahambare and The Federal’s chief editor Mr S Srinivasan, the authors unpacked India’s distinctive development journey. They examined the country’s unusual sequencing of democracy before sustained economic development, the tensions between state capacity and political ambition, and the shifting role of institutions in shaping outcomes.

The discussion moved beyond theory into sharp, contemporary questions about growth, equity, governance, and India’s place in a changing global order. What followed was an engaged exchange with students and faculty, turning the book launch into a thoughtful dialogue on the challenges and opportunities that will define India’s next chapter.

Women @ Work: Powering Progress, Shaping the Future

On 7 March 2025, we hosted a special event in collaboration with the Madras Management Association to mark International Women’s Day, centring the conversation on strengthening women’s leadership and expanding their role in business and decision-making.
The evening brought together industry leaders, academicians, and professionals for a focused dialogue on what still holds women back and what institutions and organisations must do differently. From leadership pipelines to access to capital and board representation, the discussion was grounded in both data and lived experience.

A key highlight of the event was the release of our report, Women @ Work: Powering Progress, Shaping the Future. The report was widely appreciated and went on to receive strong coverage across multiple media platforms, reinforcing the urgency and relevance of building more inclusive and future-ready workplaces.

You can watch the whole event @ https://www.youtube.com/watch?v=5iJBPZhnqZw

15th Annual Finance Conclave - India’s Secular Growth Story.

The 15th Annual Finance Conclave 2025 brought together market practitioners and academic leaders to explore India’s Secular Growth Story—the structural forces shaping India’s long-term economic expansion beyond short-term cycles. The conclave features a masterclass on Valuation Beyond Numbers, followed by a panel discussion with leading voices from capital markets, asset management, and venture investing. Together, the sessions offer a practitioner-led perspective on valuation, governance, and growth in India’s evolving financial landscape.

Masterclass Speaker - Bhupendra Tiwary – AVP Research, ICICI Securities

Session: Valuation Beyond Numbers

Panel Discussion

  • Ranjitha Ajay – Associate Professor, Finance, Great Lakes Chennai
  • Bhupendra Tiwary – AVP Research, ICICI Securities
  • Renjith Sivaram – Fund Manager, Mahindra Mutual Fund
  • Ramesh Kuruva – CEO, VIVOS Venture Engine
14th Annual conclave - Nurturing a Sustainable Future: Exploring the Dynamics of Sustainable Finance

The conference theme focused on the integration of environmental, social, and governance considerations into investment decision-making and their implications for risk management, portfolio performance, and long-term value creation. It covered socially responsible and impact investing, green finance instruments, and climate finance, with attention to their effectiveness in mobilising capital toward sustainable outcomes. The theme also emphasised corporate governance, transparency, disclosure, and the evolving regulatory landscape in building investor confidence and accountability, alongside the role of financial inclusion and development finance institutions in advancing sustainable development goals.

Keynote Address by Mr. Lalit Taneja [Head, GARP India (Delhi Chapter)]

Theme: Nurturing a Sustainable Future

Masterclass by Mr. Pralabh Bhargava [Principal Consultant, ERM Delhi]

Theme: Mechanisms, Frameworks, Instruments and Impact Measurement

Panel Discussion

  • Dr. Archana Pillai [Resident Mentor, NSRCEL, IIMB and Director, Social Audit Network (SAN) India]
  • Impact Investing Climate in India Mr. Lalit Taneja [Head, GARP India (Delhi)]
  • Risk Management perspective Mr. Pralabh Bhargava [Principal Consultant, ERM Delhi]
13th Annual Finance Conclave - Wealth Creation in a VUCA World

The conference focused on how individuals, institutions, and economies can build and protect wealth amid volatility, uncertainty, complexity, and ambiguity. It explored India’s macroeconomic rise in a disrupted global environment alongside practical personal finance strategies for long-term financial resilience. The discussions bridged policy, markets, and household finance perspectives.

Inaugural address - Gautam Chikermane, Vice President, Observer Research Foundation; Author of Reform Nation and India 2030 (Inaugural Address: “The Rise of India in a World of Disruptions”)

Masterclass - Monika Halan, Personal Finance Expert; Author of Let’s Talk Money

(Keynote Address: “Let’s Talk Money: How to Get Your Money to Work Hard for You”)

  • Sanjoy Sircar, Area Chair (Finance), Great Lakes Institute of Management
  • Vishwanathan Iyer, Senior Associate Professor of Finance, Great Lakes Institute of Management
  • Vidya Mahambare, Professor of Economics, Great Lakes Institute of Management
12th Annual Finance Conclave - Policymaking Dilemmas and Strategies for Wealth Creation.

The conference examined the challenges policymakers face in managing macroeconomic and financial stability, drawing on central banking experience in India. It also explored long-term wealth creation strategies through disciplined investing and institutional capital management. Together, the sessions bridged public policy perspectives with market-driven investment approaches.

The keynote address - Duvvuri Subbarao, 22nd Governor, Reserve Bank of India; Former Joint Secretary, Ministry of Finance, Government of India (Inaugural Talk: “Dilemmas in Central Banking: Experiences from the Reserve Bank of India”)

Session on Wealth Creation Strategies

  • Mohan Lakhamraju, Chairman, Great Lakes Institute of Management; Founder and CEO, Great Learning
  • Saurabh Mukherjee, Founder and Chief Investment Officer, Marcellus Investment Managers Pvt. Ltd.
  • Rakshit Ranjan, Salil Desai, Marcellus Investment Managers Pvt. Ltd.
  • Suresh Ramanathan, Dean and Principal, Great Lakes Institute of Management, Chennai
  • Vidya Mahambare, Professor of Economics, Great Lakes Institute of Management
11th Annual Finance Conclave - Strategy of Auctions and the Way Forward for India.

The conference focused on auction theory and its practical relevance for Indian markets and public policy, particularly in sectors such as telecommunications. It brought together global theoretical insights and Indian policy applications, highlighting how well-designed auctions can improve efficiency, competition, and economic outcomes. The discussions bridged Nobel Prize–winning economic theory with real-world regulatory and market challenges in India.

Robert B. Wilson, Nobel Laureate in Economics (2020); Adams Distinguished Professor of Management (Emeritus), Stanford Graduate School of Business (Inaugural Address)

Rajat Kathuria, Director and Chief Executive, Indian Council for Research on International Economic Relations (ICRIER), New Delhi

Bala V Balachandran, Founder, Chairman and Dean (Emeritus), Great Lakes Institute of Management

Suresh Ramanathan, Dean and Principal, Great Lakes Institute of Management, Chennai

Sanjoy Sircar, Professor of Finance, Great Lakes Institute of Management, Chennai (Context Setting: Indian Telecom Sector at a Crossroads; Moderator)

Vidya Mahambare, Professor of Economics, Great Lakes Institute of Management

Indian Women and Paid Work: Choices, Opportunities, and Constraints

Across economies, gender gaps in work persist in ways that are structural, not incidental. The pandemic exposed how fragile progress had been. Globally, women exited the workforce at higher rates due to caregiving burdens, job losses in contact-intensive sectors, and limited social safety nets. In India, female labour force participation continues to remain among the lowest for major economies, despite rising educational attainment among women.

The barriers show up at every stage. During job searches, women are often filtered into lower-paying or informal roles. In wage negotiations, social conditioning and bias can suppress earnings. Career progression slows at the middle-management level, where leadership pipelines narrow sharply. Access to capital for women entrepreneurs remains costlier and more restrictive, limiting scale and sustainability. Many of these constraints are subtle, embedded in norms, networks, and institutional design, yet their cumulative effect is significant: they restrict women from fully realising their economic and leadership potential.

Against this backdrop, on 9 and 10 December 2022, we hosted an international conference that brought together leading academicians and practitioners to examine these challenges through data, lived experience, and policy insights. The discussions moved beyond diagnosis to solutions, exploring pathways to build more inclusive workplaces, strengthen institutional support, and reimagine systems that enable women not just to participate, but to lead and transform the future of work.

To know more about the conference, click @ https://www.greatlakes.edu.in/chennai/inspiring-change-indian-women-and-paid-work

 
Women’s Day Whitepaper Launch - March 16th 2026

Migration among single women in India for employment remains very low, with the lack of safe and affordable housing constituting a key barrier. The report to be released examines the impact of working women’s hostels in Tamil Nadu on women’s employment outcomes and lived experiences, analysing how access to secure accommodation influences labour market participation, mobility, and everyday well-being.

Research

Research at the Centre for Finance and Economics Research focuses on ideas that matter beyond journals and classrooms. Our work spans finance, economics, and public policy, bringing together rigorous analysis and real-world relevance. Faculty and associates engage with industry, regulators, and institutions to examine how markets function, how policies shape outcomes, and how financial decisions affect society at large. The Centre also supports collaborative and student-driven research that contributes to responsible, informed, and sustainable decision-making.

Goli Soda, Ivey Case Studies

Vidya Mahambare

https://www.iveypublishing.ca/s/product/goli-soda/01tOF000007YbPJYA0

Financial stress, economic policy uncertainty, and market volatility: Implications for cross boarder acquisition activity, Research In Globalization

Chandrika Raghavendra, Scopus Q1

Economic Policy Uncertainty, ESG and Credit Risk: Do Environmentally Sensitive Industries Enjoy Superior Risk Mitigation, Applied Economics

Ranjitha Ajay, Scopus Q2, ABDC/A

Logistics Capabilities as Drivers of Cross-Border Acquisitions: Empirical Insights from Advanced and Emerging Economies, Applied Economics

Chandrika Raghavendra, Scopus Q2, ABDC/A

https://www.tandfonline.com/doi/abs/10.1080/00036846.2025.2501342

Analysing the sentiment-based variation in finance ministers’ communication, Quality and Quantity

Vidya Mahambare, Scopus Q1, ABDC/B

https://link.springer.com/article/10.1007/s11135-025-02324-2

Evaluating cash transfers and health advice impact on child health: evidence from low-performing Indian states under Janani Suraksha Yojana, Indian Growth and Development Review

Vidya Mahambare, Scopus Q2, ABDC/B

https://www.emerald.com/igdr/article-abstract/doi/10.1108/IGDR-09-2024-0150/1271933/Evaluating-cash-transfers-and-health-advice-impact?redirectedFrom=fulltext

Advancing Understanding of ESG Scores and Executive Compensation Relationships in the Indian Context, Global Finance Journal

Ranjitha Ajay, Scopus Q1, ABDC/A

http://sciencedirect.com/science/article/abs/pii/S1044028324000656

Dissecting E, S, and G for Risk Mitigation: Insights from the Term Structure of CDS, Applied Economics

Ranjitha Ajay, Scopus Q1, ABDC/A

https://www.tandfonline.com/doi/full/10.1080/00036846.2024.2423066

Does Human Flight and Brain Drain Affect Cross-Border Acquisitions? Insights into Tobit and Binomial Regression Models, Research in International Business and Finance

Chandrika Raghavendra, Scopus Q1, ABDC/B

https://www.sciencedirect.com/science/article/pii/S0275531925000613

Commuting, Transport Infrastructure, and Gender: Evidence from Indian Metros, Journal of Social and Economic Development

Vidya Mahambare, Scopus Q2, ABDC/C

https://link.springer.com/article/10.1007/s40847-024-00413-w

Do Market, Resource, and Knowledge Distance Impact Inbound Cross-Border Acquisitions?, Global Finance Journal

Chandrika Raghavendra, Scopus Q1, ABDC/A

https://www.sciencedirect.com/science/article/pii/S1044028323000571

Stretch or Suppress: Role of Owners and Nominee Directors in Financial Distress, Journal of Emerging Market Finance

Swechha Chada, Scopus Q3, ABDC/B

https://journals.sagepub.com/doi/full/10.1177/09726527231183014?casa_token=OcIRHx2CRW4AAAAA%3AHL3jZpkdy-46iXCjAZnk7kOQIHI9LIv1C0iKRyNfv3NxJCtCR3ZJWdWHZBD9p4FYr6gSCDW5DHM

Socioemotional Wealth and Cash flow Sensitivity of Cash: Evidence from India, North American Journal of Economics and Finance

Swechha Chada, Scopus Q1, ABDC/B

https://www.sciencedirect.com/science/article/abs/pii/S1062940823001468

Economic policy uncertainties and institutional ownership in India, The Journal of Economic Asymmetries

Swechha Chada, Scopus Q1, ABDC/B

https://www.sciencedirect.com/science/article/pii/S1703494923000051

The Informational Content of Central Bank Communication for the Energy Market: the Role of News versus Surprises, Applied Economics

Amar Jyoti, Scopus Q2, ABDC/A

https://www.tandfonline.com/doi/abs/10.1080/00036846.2023.2293669

Impact of carbon emissions, renewable and non-renewable energy consumption on inbound cross-border mergers and acquisition’s investment inflow, Environment, Development and Sustainability

Chandrika Raghavendra, Scopus Q1

https://link.springer.com/article/10.1007/s10668-024-04511-x

EARNINGS MANAGEMENT AND EXECUTIVE COMPENSATION: A STUDY OF THE INDIAN MANUFACTURING SECTOR, Journal of Commerce & Accounting Research

Ranjitha Ajay, ABDC/C

The political budget cycles in the presence of a fiscal rule: The case of farm debt waivers in India, Journal of Policy Modeling

Vidya Mahambare, Scopus Q1, ABDC/A

VfM audit and the UK public sector: A critical review of the VfM reports, Financial Accountability and Management

Ranjitha Ajay, Scopus Q1, ABDC/A

Women's challenging commutes in southern India: A case of the metropolitan region of Chennai, Cities

Vidya Mahambare, Scopus Q1

Whose speeches impact European markets: ECB's or the national central banks'?, European Financial Management

Jalaj Pathak, Scopus Q1, ABDC/A

Can blockchain enabled green bond issuance lead to intent to invest? A moderated mediation model, Applied Economics

Gayathri Giri, Scopus Q2, ABDC/A

Modelling asymmetric sovereign bond yield volatility with univariate GARCH models: Evidence from India, Cogent Economics & Finance

Vishwanathan Iyer, Scopus Q2, ABDC/B

Earnings quality, institutional investors and corporate cash holdings: evidence from India, International Journal of Managerial Finance

Swechha Chada, Scopus Q1, ABDC/A

Male Backlash and Female Guilt: Women’s Employment and Intimate Partner Violence in Urban India, Feminist Economics

Vidya Mahambare, Scopus 94, ABDC/A

The role of Reddit in the GameStop short squeeze, Economics Letters

Jalaj Pathak, Scopus 59, ABDC/A

Publications by Centre Associates

Publications by The Centre Associates covers economics, public policy, labour markets, gender and employment, financial systems, sustainability, and institutional reform. Grounded in empirical research and policy analysis, these articles examine issues such as workforce participation, regional growth disparities, employment dynamics, household behaviour during economic shocks, and long-term structural transitions in the Indian economy. Published across leading national and international platforms, the work contributes to evidence-based public discourse and policy thinking.

Govt's plan to increase listed cos public shareholding to 35 to improve corporate governance

Ranjitha Ajay

Economic Times (Government ET)

Inflation targeting is no miracle cure but it's the best available

Vidya Mahambare

LiveMint

India's G-SAP versus Japan's yield curve control policy

Vidya Mahambare

LiveMint

A realistic growth outlook for India amid uncertainty

Vidya Mahambare

LiveMint

Workers are moving off Indian farms, but where are they going?

Vidya Mahambare

LiveMint

Tamil Nadu left Punjab, Bengal far behind. Here's what it needs to do now

Vidya Mahambare

The Print

Contrasting stories of economic transition from a trio of states

Vidya Mahambare

LiveMint

Indians' Covid experience is set to change trust level in political leaders, institutions

Vidya Mahambare

The Print

How did Indian households cope with the COVID crisis

Vidya Mahambare, Trichy Krishnan, Suresh Ramanathan and Udaya N

ET Brand Equity

Does the country suffer from a collective optimism bias

Vidya Mahambare

LiveMint

A gender gap in ideals of weight reveals lack of progress

Vidya Mahambare

LiveMint

Impact of COVID-19 on Indian household budgets

Vidya Mahambare

BBC World

India's disadvantaged are better off but not nearly enough

Vidya Mahambare

LiveMint

The effect of a state's prosperity on disparities between groups

Vidya Mahambare

LiveMint

False notions of gender roles should be corrected early

Vidya Mahambare

LiveMint

Why we need an efficient yield curve

Vidya Mahambare

LiveMint

The first principles of commerce should guide e-com policy too

Vidya Mahambare

LiveMint

Sugar price hasn't risen much in a decade and that isn't healthy

Vidya Mahambare

The Print

In memory of Subir Gokarn who left us far too soon

Vidya Mahambare

LiveMint

Differential Pricing and Learnings from a Dental Clinic

Vidya Mahambare

LiveMint

Differences in sentiment within our monetary policy committee

Vidya Mahambare

LiveMint

TN unemployment due to skills mismatch

Vidya Mahambare

The Hindu Business Line

Caste or income or mother? As primary schools reopen, we need to decide who gets extra support

Vidya Mahambare

The Print

Shifts and stagnancy in the caste profile of our asset rich and poor

Vidya Mahambare

LiveMint

The difference education makes to what the salaried earn in India

Vidya Mahambare

LiveMint

Prof. Vidya Mahambare speaks Live on Bloomberg

Vidya Mahambare

Bloomberg

India's productivity challenge is steep in service sectors

Vidya Mahambare

LiveMint

Has crop insurance helped Indian farmers?

Vidya Mahambare

The Print

India's new employment policy ought to focus on young adults

Vidya Mahambare

LiveMint

Do young Indian Women Work? Gujarat tops single working women, among lowest in married

Vidya Mahambare

The Print

What unites Bihar and Kerala young men? It has to do with jobs

Vidya Mahambare

The Print

Non Farm jobs and social mores hold India's key to farm reforms

Vidya Mahambare

LiveMint

Focus on expansion of industries bodes well for job creation

Vidya Mahambare

Times of India

Do e-comm sites squeeze SME vendors?

Vidya Mahambare

The Hindu Business Line

Post-IPO performance amid retail investor rush

Ranjitha Ajay (with Arnab Sarkar)

Daily Pioneer

Implementation of Central Bank Digital Currency

Ranjitha Ajay (with Arnab Sarkar)

VC World

Bloomberg – Discussion on the Economy and employment with Haslinda Amin and Rishaad Salamat

Vidya Mahambare

Bloomberg

Farm loan waivers are announced in election season. Karnataka worst offender

Vidya Mahambare

The Print

Setting the Tone: Differences of Sentiment in Budget Speeches

Vidya Mahambare

LiveMint

Our budget policies should aim for the creation of quality jobs

Vidya Mahambare

LiveMint

Mind the tone: Text analysis of Monetary Policy Committee statements

Vidya Mahambare and Jalaj Pathak

Ideas for India

Tamil Nadu economy bounces back from Covid 2.0

Vidya Mahambare

The Hindu Business Line

Govt schemes JSY, PMMVY work only if health workers do

Vidya Mahambare

The Print

A Common Admission Test could worsen higher ed. access

Vidya Mahambare

LiveMint

Treading on fire

Vidya Mahambare

Financial Express

A Common Admission Test could worsen higher ed. access

Vidya Mahambare

Hindustan Times

Young married women are sleeping less and working more in Indian homes, time-use data shows

Vidya Mahambare

The Print

Indian men work more but women have less leisure time

Vidya Mahambare

The Print

Why higher GST on chit funds is a bad idea

Vidya Mahambare and Sanjoy Sircar

LiveMint

Is paid work always empowering?

Vidya Mahambare

Rocking our Priors - Apple Podcast

Freebie ban versus fiscal rules: Go with what works best

Vidya Mahambare

LiveMint

States have similar inflation but divergent trajectories of growth

Vidya Mahambare

LiveMint

We need an eye kept out on relative prices and not just inflation data

Vidya Mahambare

LiveMint

Inflation burns could take a long time to heal in India and the west

Vidya Mahambare

LiveMint

Our household savings are moving towards normalcy

Vidya Mahambare

LiveMint

RBI May Need A Revised Strategy To Anchor inflation Expectation

Vidya Mahambare

LiveMint

A weaker rupee doesn't guarantee export boost

Vidya Mahambare

LiveMint

Control the fallout of the price we pay for price controls

Vidya Mahambare

LiveMint

Indian mothers spend 9 hrs a week on their young children, Americans 13. State must step in

Vidya Mahambare

The Print

A higher Fed inflation aim could unsettle America and the world

Vidya Mahambare

LiveMint

Indian semiconductor industry needs more than just financial support

Vidya Mahambare

Mobility Outlook

Customise jobs, create start-up culture to unlock TN's potential

Vidya Mahambare

Times of India

Inspiring Change Conference – Indian Women and Paid Work (International Conference)

Vidya Mahambare

Great Lakes / Inspiring Change Conference

Get ready for a whole new future led by AI technology

Vidya Mahambare

LiveMint

Could AI diffusion affect global patterns of migration?

Vidya Mahambare

LiveMint

Indian taxpayers are 'dragged' into paying higher income tax. Govt must factor in inflation

Vidya Mahambare

The Print

Marriage has a significant link in urban India with women's work

Vidya Mahambare

LiveMint

Young adults and Gender gaps to be addressed

Vidya Mahambare

Industrial Economist

How management education can integrate AI in curriculum

Vidya Mahambare

The Hindu Business Line

Companies must strive to retain productive women employees

Vidya Mahambare

LiveMint

Close the prestige gap to find takers for unfancied jobs

Vidya Mahambare

LiveMint

Tomato Challenge - Hoarding is not as bad as it sounds

Vidya Mahambare

LiveMint

Internationalize the rupee while a BRICS currency loses traction

Vidya Mahambare

LiveMint

Factory item prices must cool for lasting inflation relief

Vidya Mahambare

LiveMint

To Tip or Not to Tip - The Dilemma of a service Charge

Vidya Mahambare

LiveMint

Goldin's research on US women's work patterns has resemblance

Vidya Mahambare

LiveMint

Are Indians saving enough? There is no clear answer

Vidya Mahambare

LiveMint

Huge jump in rural women employment in India. But not many are celebrating

Vidya Mahambare

The Print

There is more to India's mystery of raised employment postpandemic

Vidya Mahambare

LiveMint

Manufacturing versus services: It's not one or the other

Vidya Mahambare

LiveMint

The New Norm in Salary Hikes: Upskilling, Reskilling, and Career Growth

Vidya Mahambare

Financial Express

Indian Banks Stand to Gain From Country's Inclusion in JP Morgan's EM Index

Vidya Mahambare

The Hindu Business Line

Indian Economy Is Set to Be the 3rd Largest by 2030

Vidya Mahambare

The South First

Invited webinar at Centre for Advanced Study of India, University of Pennsylvania

Vidya Mahambare

University of Pennsylvania / CASI

Indian Banks Stand To Gain From Country's Inclusion In JP Morgan's EM Index

Ranjitha Ajay (with Rintu Anthony)

BusinessWorld / The Hindu Business Line

What Tells Us More About Prosperity: Consumption or GDP per head?

Vidya Mahambare

LiveMint

Well-aimed policies can enhance women's employment

Vidya Mahambare

LiveMint

Disparity between rural and urban consumption is less than what it looks like

Vidya Mahambare

LiveMint

Urbanization pressure: India's housing policy needs a big rethink

Vidya Mahambare

LiveMint

Sitharaman gave her least complex budget speech in 2024 but former FMs kept it simpler

Vidya Mahambare

The Print

What Indians got wrong about the 70-hour work debate

Vidya Mahambare

The Print

A tale of India's two big export industries and a lesson on incentives

Vidya Mahambare

LiveMint

Sitharaman's budget speeches have mostly been positive in tone despite Covid

Vidya Mahambare

LiveMint

A prudential approach to risk management must not hold back credit availability for the needy

Vidya Mahambare

LiveMint

White Revolution 2.0: Milk sufficiency for all

Vidya Mahambare

LiveMint

Overwork, employees, stress, HR, AI, adaptability, articulation ability

Vidya Mahambare

LiveMint

GDP, manufacturing, industrialization, production

Vidya Mahambare

LiveMint

Bihar, Uttar Pradesh, West Bengal: Service sector, manufacturing jobs, industrialization

Vidya Mahambare

LiveMint

Union Budget can boost TN's growth

Vidya Mahambare

Times of India

Uttar Pradesh: Women employment, jobs for women, workforce participation

Vidya Mahambare

LiveMint

Car ownership, service sector, agriculture, income inequality, labour market

Vidya Mahambare

LiveMint

Boosting fertility by subsidizing child-bearing for young women

Vidya Mahambare

Marginal Revolution

The 1991 project – India's Reform Journey Revisited, Mercatus Centre, George Mason University

Vidya Mahambare

The 1991 Project / Mercatus Centre

Colleges Change Assignments, Assessment Methods with GenAI Integration

Vishwanathan Iyer

Moneycontrol

Budget 2024: Educational Sector Seeks Investments for NEP Goals and Human Resources

Vishwanathan Iyer

SiliconIndia

Financial Sovereignty: Reflecting on 77 Years of Policy and Progress

Vishwanathan Iyer

The Week

Sustainable Leadership: Driving Change In An Evolving ESG landscape

Ranjitha Ajay (with Neethu Mohammed)

BW Sustainability World

Highlights: Commerce dept studying opportunities that may arise due to Trump tariffs

Vidya Mahambare

Business Standard

MPC highlights: Growth estimate revisions mainly due to tariff-related uncertainties

Vidya Mahambare

Business Standard

How poor is poor in India

Vidya Mahambare

India Today

India's energy strategy through the lens of game theory

Vidya Mahambare

Deccan Herald

India turns to Gulf jewellery market to offset US tariffs

Vidya Mahambare

The National News UAE

Why India's South is surging while its North is struggling

Vidya Mahambare

Business Beyond / DW News

Path to $1 trillion: Numerical target not the end goal

Vidya Mahambare

ET Manufacturing

DEI defence: How to promote diversity and prevent a backlash

Vidya Mahambare

LiveMint

Riding the new wave in services, industry

Vidya Mahambare

The Hindu Business Line

Balancing 5Es of an ambitious $1 trillion economy dream

Vidya Mahambare

Times of India

Invited research presentation on India's employment challenges

Vidya Mahambare

Artha Global

From waste to wealth: How circular economy can power India's green future

Ranjitha Ajay and Shrivar Todi

The Week

How to manage expenses and savings

Ranjitha Ajay

Business Standard Hindi

RBI Monetary Policy Meeting Highlights: Governor Sanjay Malhotra Slashes Repo Rate by 50 BPS

Chandrika Raghavendra

Times Now

RBI MPC meeting highlights: MPC continues to monitor incoming data, says Governor Sanjay Malhotra

Chandrika Raghavendra

Business Standard

The Great Indian Salary Crisis

Chandrika Raghavendra

India Today

RBI MPC highlights: Difficult to predict what impact tariffs will have, says RBI governor

Chandrika Raghavendra

Business Standard

India, China find common ground amidst US pressure. But can the bromance last?

Chandrika Raghavendra

The Week

Guardrails against dependency | India's cautious embrace of China

Chandrika Raghavendra

Deccan Herald

Tariff and uncertainty leading to another 'gold run': Why gold's glitter is back?

Chandrika Raghavendra

The Week

Why are Mutual Fund SIPs Seeking Stoppages Amid Market Volatility?

Vishwanathan Iyer

Fortune India

Stock Market Sentiment: Will RBI's policy shift influence equity markets?

Vishwanathan Iyer

India TV

India stands to gain from US tariffs rewiring Asia's supply chains

Vishwanathan Iyer

Deccan Herald

First-time taxpayer's guide: Forms, filing, and avoiding common pitfalls

Vishwanathan Iyer

Business Standard

Income below tax slab? Filing an ITR still pays off in ways you didn't know

Vishwanathan Iyer

Business Standard

Do NRIs have to file tax returns in India: What's the rule and process

Vishwanathan Iyer

Business Standard

Tax dept's AI tool 'not meant' for resolving political donation disputes

Vishwanathan Iyer

Business Standard

Exemption limits, forms: Income Tax rule changes for NRIs this year

Vishwanathan Iyer

Business Standard

HRA exemption glitch in ITR utility: What salaried taxpayers must do

Vishwanathan Iyer

Business Standard

How blockchain could transform mutual fund ownership in India

Vishwanathan Iyer

Fortune India

Are FDs still the best bet? What should investors do amid shifting geopolitical dynamics

Vishwanathan Iyer

Fortune India

Will GST rate cut increase credit demand and drive consumption?

Vishwanathan Iyer

Fortune India

ITR-5, 6, 7 get Excel utilities to cut errors as Sept 15 deadline nears

Vishwanathan Iyer

Business Standard

Convenience or debt trap? The hidden cost of BPNL, easy credit and festive offers

Vishwanathan Iyer

India Today

How GST Reforms Could Unlock a New Era Of Corporate Social Investments

Vishwanathan Iyer

CSR Times

Festive season investing: Why SIPs outshine one-time big bets

Vishwanathan Iyer

Fortune India

Mutual fund SIPs vs direct stocks: Where should young professionals bet?

Vishwanathan Iyer

India Today

Finfluencers, Behavioural Biases & Big Money: SEBI's Crackdown Exposes a Risk India Missed

Vishwanathan Iyer

Outlook Business

What Shapes Us

What Shapes Us is a podcast about the forces that quietly influence who we become and how far we go. Through personal journeys, we explore why some people find momentum while others struggle to break through. The conversations move between lived experience and larger systems, where effort, access, chance, and context meet. Each episode lets the 5E framework emerge naturally through stories that feel real, reflective, and human.

Upcoming Episode: Sample Name

What Shapes Us Episode 1: In Talks with Sirisha Bhamidipati

Sirisha Bhamidipati is a Fulbright Scholar, IIM Ahmedabad alum, and disability-inclusion advocate who works to reframe accessibility as essential infrastructure. In this conversation with Vidya, she shares her journey of rebuilding her life after paralysis and reflects on how systems are designed to include or exclude, by choice or by default.

What Shapes Us Episode 2: In Talks with Mitu Samar Jha

Mitu Samar Jha is the Founder and CEO of Eminence Strategy Consulting, with leadership experience across CRISIL, Aditya Birla Capital, ICICI Prudential MF, and Great Eastern Shipping. In conversation with Vidya, she traces her journey from Bihar to the corporate boardroom and reflects on how self-determination and hard work compound over time to shape outcomes.

What Shapes Us Episode 3: In Talks with Vasanth Emmanuel Jeyapaul

Vasanth Emmanuel Jeyapaul is the CEO of CAMSPay, the payments arm of CAMS, one of India’s largest financial infrastructure providers. In conversation with Vidya, he reflects on his journey from interior Tamil Nadu to shaping India’s digital payments ecosystem, and how unexpected choices and transitions have defined his path through the lens of the 5Es.

What Shapes Us Episode 4: In Talks with Sajith Pai

From small town India to the venture capital tables of Blume Ventures, Sajith Pai’s journey is shaped as much by geography as ambition. In this episode, he unpacks the thinking behind the Indus Valley Annual Report and what it reveals about India’s startup engine. He speaks about how social and institutional endowments quietly shape who gets ahead. And how the profile of the Indian founder is changing as opportunity spreads beyond the obvious circles.

What Shapes Us Episode 5: In Talks with Madhu Vishwanathan

What if marketing began with people living under scarcity? In this episode, Madhubalan Viswanathan explains why he built the idea of Subsistence Marketplace. He unpacks the real constraints low income entrepreneurs face. And what it takes to turn intent into meaningful opportunity.

What Shapes Us Episode 6: In Talks with Rishikesh Krishnan

At Indian Institute of Management Bangalore, Rishikesh Krishnan has shaped both strategy and innovation. Drawing from From Jugaad to Systematic Innovation and 8 Steps to Innovation: Going from Jugaad to Excellence, he reflects on what truly drives progress. In this episode, he explores which forces shape entrepreneurs and academics. And why institutions must evolve to create real equality of opportunity.

CFER Associates

CFER Associates are faculty members at Great Lakes Institute of Management who are actively engaged with the Centre’s work. Their research and teaching span finance, economics, and public policy, with a focus on questions that matter to markets, institutions, and society. As Associates, they contribute to research initiatives, thought leadership, and conversations that connect academic insight with real-world relevance.

Dr. Debashis Sanyal

Dr. Debashis Sanyal

Director, Great Lakes Institute of Management
Email: dsanyal@greatlakes.edu.in
Dr. Vidya Mahambare

Dr. Vidya Mahambare

Professor - Economics
Email: vidya.m@greatlakes.edu.in
Dr. Ranjitha Ajay

Dr. Ranjitha Ajay

Associate Professor – Finance
Area Chair: Finance & Economics
Email: ranjitha.a@greatlakes.edu.in
Dr. Chandrika Raghavendra

Dr. Chandrika Raghavendra

Assistant Professor - Economics & International Business
Email: chandrika.r@greatlakes.edu.in
Dr. Jaydeep Mukherjee

Dr. Jaydeep Mukherjee

Professor
Email: jaydeep.m@greatlakes.edu.in
Dr. Hajam Abid Bashir

Dr. Hajam Abid Bashir

Assistant Professor- Research
Email: abid.b@greatlakes.edu.in
Dr. Neeraj Jain

Dr. Neeraj Jain

Assistant Professor- Finance
Email: neeraj.r@greatlakes.edu.in
Dr. Rajesh Kumar Acha

Dr. Rajesh Kumar Acha

Assistant Professor - Finance
Email: rajeshkumar.s@greatlakes.edu.in
Dr. Ranjan Chakravarty

Dr. Ranjan Chakravarty

Professor of Practice - Finance
Email: ranjan.c@greatlakes.edu.in
Dr. Swechha Chada

Dr. Swechha Chada

Assistant Professor - Corporate Finance
Email: swechha.c@greatlakes.edu.in
Lavanya.G

Lavanya.G

Junior Faculty - Finance
Email: lavanya.g@greatlakes.edu.in
Madhu Kumari

Madhu Kumari

Junior Faculty - Finance
Email: madhu.t@greatlakes.edu.in
Vishnu Prasanna

Vishnu Prasanna

Great Lakes Institute of Management
Email: vishnu.p@greatlakes.edu.in
Anagha Shandilya

Anagha Shandilya

Junior Faculty - Finance
Email: anagha.s@greatlakes.edu.in
Mamta Rani

Mamta Rani

Junior Faculty - Economics & Cost Accounting
Email: mamtarani.d@greatlakes.edu.in
Saikat Das

Saikat Das

Junior Faculty - Finance

Past Events

Over the years, the Centre has hosted a series of high-impact finance conferences that bring together policymakers, market practitioners, academics, and industry leaders.

The Annual Finance Conference - February 26th 2026

The 16th The Annual Finance Conference will focus on the theme ‘Financial Stability in a Volatile World: Risks, Resilience, and Regulation’, and will be inaugurated by the Deputy Governor of India’s Central Bank, the Reserve Bank of India, Shri T. Rabi Sankar. The conference will feature a panel discussion and the release of two white papers by the centre’s faculty members: one examining the market efficiency in the sale of non-performing assets (NPAs) by banks and the other on equity market microstructure issues.

A Sixth of Humanity Book Launch

The book A Sixth of Humanity: Independent India’s Development Odyssey by economist Arvind Subramanian and political scientist Devesh Kapur was launched at Great Lakes Institute of Management, Chennai, as part of The Federal’s Voices That Count series.

In a wide-ranging conversation with the centre’s chairperson Prof Vidya Mahambare and The Federal’s chief editor Mr S Srinivasan, the authors unpacked India’s distinctive development journey. They examined the country’s unusual sequencing of democracy before sustained economic development, the tensions between state capacity and political ambition, and the shifting role of institutions in shaping outcomes.

The discussion moved beyond theory into sharp, contemporary questions about growth, equity, governance, and India’s place in a changing global order.

Women @ Work: Powering Progress, Shaping the Future

On 7 March 2025, we hosted a special event in collaboration with the Madras Management Association to mark International Women’s Day, centring the conversation on strengthening women’s leadership and expanding their role in business and decision-making. The evening brought together industry leaders, academicians, and professionals for a focused dialogue on what still holds women back and what institutions and organisations must do differently.

A key highlight of the event was the release of our report, Women @ Work: Powering Progress, Shaping the Future. You can watch the whole event @ https://www.youtube.com/watch?v=5iJBPZhnqZw

15th Annual Finance Conclave - India’s Secular Growth Story.

The 15th Annual Finance Conclave 2025 brought together market practitioners and academic leaders to explore India’s Secular Growth Story. The conclave features a masterclass on Valuation Beyond Numbers, followed by a panel discussion with leading voices from capital markets, asset management, and venture investing.

Masterclass Speaker - Bhupendra Tiwary – AVP Research, ICICI Securities

  • Ranjitha Ajay – Associate Professor, Finance, Great Lakes Chennai
  • Bhupendra Tiwary – AVP Research, ICICI Securities
  • Renjith Sivaram – Fund Manager, Mahindra Mutual Fund
  • Ramesh Kuruva – CEO, VIVOS Venture Engine
14th Annual conclave - Nurturing a Sustainable Future

The conference theme focused on the integration of environmental, social, and governance considerations into investment decision-making. It covered socially responsible and impact investing, green finance instruments, and climate finance.

Keynote Address by Mr. Lalit Taneja [Head, GARP India (Delhi Chapter)]

Masterclass by Mr. Pralabh Bhargava [Principal Consultant, ERM Delhi]

13th Annual Finance Conclave - Wealth Creation in a VUCA World

The conference focused on how individuals, institutions, and economies can build and protect wealth amid volatility, uncertainty, complexity, and ambiguity.

Inaugural address - Gautam Chikermane, Vice President, Observer Research Foundation

Masterclass - Monika Halan, Personal Finance Expert; Author of Let’s Talk Money

12th Annual Finance Conclave - Policymaking Dilemmas and Strategies for Wealth Creation.

The conference examined the challenges policymakers face in managing macroeconomic and financial stability, drawing on central banking experience in India.

Keynote: Duvvuri Subbarao, 22nd Governor, Reserve Bank of India

11th Annual Finance Conclave - Strategy of Auctions and the Way Forward for India.

The conference focused on auction theory and its practical relevance for Indian markets and public policy. It brought together global theoretical insights and Indian policy applications.

Robert B. Wilson, Nobel Laureate in Economics (2020), Stanford Graduate School of Business (Inaugural Address)

Sanjoy Sircar, Professor of Finance, Great Lakes Institute of Management (Moderator)

Indian Women and Paid Work: Choices, Opportunities, and Constraints

Across economies, gender gaps in work persist in ways that are structural, not incidental. On 9 and 10 December 2022, we hosted an international conference that brought together leading academicians and practitioners to examine these challenges through data, lived experience, and policy insights.

To know more about the conference, click @ https://www.greatlakes.edu.in/chennai/inspiring-change-indian-women-and-paid-work

Contact Us

For research collaborations, academic engagement, events, or general enquiries related to the Centre for Finance and Economics Research, please reach out to us. We welcome conversations with scholars, practitioners, institutions, and students who are interested in advancing research and dialogue in finance, economics, and public policy.

 

Associations

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