Shubhashis Gangopadhyay is the Founder and Research Director of IDF. He is also the Professor of Emerging Market Finance, University of Groningen, Netherlands and Visiting Professor, Gothenburg School of Business, Economics and Law, Gothenburg University, Sweden. Shubhashis graduated in Economics from Presidency College, Kolkata, and got his PhD in Economics from Cornell University, USA in 1983. He joined the Indian Statistical Institute (ISI) as a lecturer in 1983 and was promoted to full professor in 1991. In 2006, Shubhashis was awarded a doctorate (honoris causa) by the University of Gothenburg, Sweden.
In 2008, the year of the global financial crisis, Shubhashis was appointed advisor to the Finance Minister, Government of India. He has been a consultant to various ministries including Finance, Planning, Industry and Rural Development. He has led important government research projects like the leading indicator of economic activity, the impact of steel de-control on SAIL, the optimum use of Hajira-Bijapur-Jagdishpur gas pipeline and on exit policy. As an advisor of PSFT Task Force on the plantation sector, he has developed a new financial instrument for reducing the impact of price volatility on plantation growers. He is currently on the board of IDE-I (International Development Enterprises – India).
Shubhashis has been a member of the South Asia Chief Economist’s Advisory Council of the World Bank, an advisor to the Competition Commission of India (CCI) and on the board of the Centre for Analytical Finance, Indian School of Business (ISB). He is the founder-President of the Society for the Promotion of Game Theory and its Application. He has served on the board of the Industrial Reconstruction Bank of India (IRBI), as a member on the Reserve Bank of India’s (RBI) Advisory Group on Bankruptcy Law and on the Bankruptcy Task Force of IPD (Initiative for Policy Dialogue), Columbia University.
Shubhashis has published widely in international journals, and has authored a number of books. His published books include: Law and Economics: Volume I: Theory, Volume II: Practice (co-authored), 2013; Waiting to Connect (co-authored), 2008; Economic Reforms for the Poor (co-edited), 2000; Counting the Poor: Where Are the Poor in India (co-authored), 1998; The Institutions Governing Financial Markets (edited), 1996; Enabling Financial Institutions (co-authored), 1997; Economic Theory and Development Policy (co-edited), 1992; and Economic Development and Policy (co-edited), 1991. He is the chief editor of IDF’s Journal of Infrastructure Development and the Review of Market Integration, as also, member on the editorial boards of Journal of Financial Stability and Review of Development Economics.