Area Of Specialization: Economics

I joined the FPM (Economics group) at the IIM Calcutta in 2013 on study leave from the Reserve Bank. I have submitted my thesis titled “Unorganised Manufacturing in India: Financing the Firm Growth” in May 2018. My thesis examines the issues and challenges of financial intermediation in the unorganised/informal industries in India.

My previous work experiences are:

Business Analyst, Hewlett Packard (July 2009-Oct 2010)

Research Officer, Department of Economic and Policy Research, Reserve Bank of India (From Oct 2010 onwards)

M.Sc (Economics), University of Calcutta with special area-econometrics and optional area-finance

Primary: Industrial policy and role of banks (industrial finance)

Secondary: Financial institutions, markets, and structural issues of developing countries

1. Funding Infrastructure:a Closer Look at the Financial System Structure of India, Bank Quest, Vol 87, No 2, 2016

http://www.iibf.org.in/documents/Bank_Quest_April_to_June_2016.pdf

Policy Writing

India's Corporate Bond Market: Issues in Market Microstructure, RBI Bulletin January 2019. Available at https://rbi.org.in/Scripts/BS_ViewBulletin.aspx?Id=17995

-Regulatory Norms Related to Gold Loan NBFCs-an assessment-Report of the Working Group to Study the Issues Related to Gold Imports and Gold Loans by NBFCs, RBI, 2013

- Drafted some key chapters of the Report of Trend and Progress of Banking in India, 2011 and 2012, RBI.

Newspaper/op-eds

Ganguly, S (2017); Is small beautiful? A critical evaluation of MSME policy and performance in India, published in Ideas for India http://www.ideasforindia.in/article.aspx?article=Is-small-beautiful-A-critical-evaluation-of-MSME-policy-and-performance-in-India

Working Papers

1. Evolution of Financial Markets in India and Bank-based Financing -a Study on Indian Manufacturing Firms http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2708240

2. Small Firms in Unorganised Manufacturing in India: Is Size-based Industrial Policy the Panacea?

3. Finance and Productivity: Role of Formal and Informal Sources of Finance in identifying potential entrepreneurs in Indian Manufacturing

Peer Reviewed Conference Proceedings

Ganguly,S, “Does Stock Market Development Affect the Savings Rate? An Empirical Analysis using Instrumental Variable Approach”, 18-20th January 2017, 23rd Conference of International Academy of Management and Business, New Orleans, USA, ISSN 1949-9108 http://iamb.net/CD/CD17-IAMBNO/Proc_IAMB17NOLA_main.htm

Ganguly,S, “External Vulnerabilities, Corporate Leverage and Financialization of Firms: Analyzing the Case of India”, 18-20th January 2017, 23rd Conference of International Academy of Management and Business, New Orleans, USA, ISSN 1949-9108 http://iamb.net/CD/CD17-IAMBNO/Proc_IAMB17NOLA_main.htm

Chapters in Edited Books

1. Manufacturing versus Services and the role of IT-Dissecting India's Structural Change (with Arnab Adhikari), Encyclopedia of Information Science and Technology, 4th Ed , IGI Global

2. Financing of Micro, Small and Medium Enterprises in Indian Industry: the Role of Technology , Encyclopedia of Information Science and Technology, 4th Ed, IGI Global

3. Green Industrial Policy: a Comparison between India and China with Adhikari, A (accepted), Springer Sustainable Growth Series

4. Microfinance in India: a State Level Analysis of Impact Assessment (accepted), Financial Entrepreneurship for Economic Growth in Emerging Nations, IGI Global

5. The Small Scale Industrial Policy in India and Performance of Unorganised Manufacturing: a Comparative Analysis with East Asian Countries in Entrepreneurship and Structural Change in Dynamic Territories: Contribution from Developed and Developing Economies, Springer (Forthcoming)

Papers in conferences/seminars/workshops

Accepted but not presented

“Unorganised MAnufacturing: Is the Nation Poised to Make in India?”, Doctoral Consortium, 11th ISDSI International Conference, IIM Trichy, Dec 28-30, 2017

Small Firms in India's Unorganised Manufacturing: is Size-Based Industrial Policy the Panacea?” in International Conference on Entrepreneurship and Family Business (ICEFB) , SJSOM, IIT Bombay and University of North Texus, January 8-10, 2018

Presented

1. Ganguly, S (2018), Firm size and productivity in Indian manufacturing:Benchmarking KLEMS, Workshop on KLEMS Database, Department of Economic and Policy Research, Reserve Bank of India, Mumbai, Jul 16, 2018 https://rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=44502

2. Ganguly, S and Adhikari, A, “Priority Sector Lending and Efficiecny: An Analysis of Two Major Bank Groups in India”, 4th Pan IIM Conference, IIM Ahmedabad, 13-15 December 2016

3. Ganguly S, “Evolution of Financial Markets in India and Bank-based Financing -An ARDL Regression Analysis on Indian Manufacturing Firms”, 53rd Annual Conference of Indian Econometric Society (TIES), 22-24 December 2016

4. Ganguly S, “Are Non-financial Firms Financializing? : An Empirical Investigation into the Indian Manufacturing Sector using Conditional Logistic Regression”, 53rd Annual Conference of Indian Econometric Society (TIES), 22-24th December 2016

5. Ganguly, S. and Adhikari, A. “Directed Lending and Efficiency: A Two-Stage Modified DEA-Regression Analysis of Indian Banks”, 7th International Conference on Excellence in Research and Education, 2016, May 5-8, IIM Indore, Indore, India.

6. Ganguly, S. and Adhikari, A. “Micro-finance in India: a State-level Analysis on Impact Assessment”, 7th International Conference on Excellence in Research and Education, 2016, May 5-8, IIM Indore, Indore, India.

7. Ganguly, S. and Bose, A. “What determines “Financialization”? : An investigation into the Indian Manufacturing Sector”, 7th International Conference on Excellence in Research and Education, 2016, May 5-8, IIM Indore, Indore, India.

8. Micro-Credit in India: An Analysis Focusing on Impact Assessment, Issues and Challenges accepted in 1st Banking Research Conference January, 29- 30, 2016 organized by IBS Hyderabad and Gokhale Institute of Politics and Economics (accepted but not presented)

9. Interplay between output and credit: a sub-sector level analysis of Indian manufacturing presented in Annual Research Conference, Department of Economic and Policy Research, Reserve Bank of India, Mumbai, November 2011

Training/Workshop Attended

1. Workshop on Case Method, IIM Calcutta, 28-29th March, 2016

2. Training on measurement of financial sector interconnectedness and vulnerability, National Institute of Bank Management, Pune, April 2012

3. Training programme on econometrics, Indira Gandhi Institute of Development Research, June 2011

4. Workshop on monetary statistics in India, Reserve Bank Staff College, May 2011

5. Workshop on real sector statistics, Reserve Bank Staff College, May 2011

Awards

Winner (1st prize) of the Micro Research Competition, 2015, Indian Institute of Banking and Finance for the paper “Funding Infrastructure: a Closer Look at the Financial System Structure of India”

Other Professional Affiliations

Junior Associate of Indian Institute of Banking and Finance (JAIIB)

Certified Associate of Indian Institute of Banking and Finance (CAIIB)

Other Research Activities

Invited reviewer of Economic Modelling

• shromonag13@iimcal.ac.in/shromona.iimc@gmail.com
• http://in.linkedin.com/pub/shromona-ganguly/44/993/26/