Poonam Gupta is the Director General of NCAER, and a member of the Economic Advisory Council to the Prime Minister of India. Before joining NCAER, she was the Lead Economist for Global Macro and Market Research at the International Finance Corporation and a Lead Economist for India at the World Bank. Prior to that, she was the Reserve Bank of India Chair Professor at the National Institute of Public Finance and Policy; Professor at the Delhi School of Economics; and an Economist at the International Monetary Fund. Her research has been published and cited widely in scholarly journals and has been featured in leading national and international media.
She has been appointed as the Chair of Task Force 1 on ‘Macroeconomics, Trade, and Livelihoods: Policy Coherence and International Coordination’, as part of the Think20 Secretariat, constituted during India’s G20 presidency. She currently serves on the Boards of NIPFP and GDN; and is a member of the Advisory Group for the World Bank Poverty & Equity Global Practice; Development Evaluation Advisory Committee, NITI Aayog; B20 Taskforce on Financing for Global Economic Recovery; and National Executive Committee, Federation of Indian Chambers of Commerce and Industry.
Dr Gupta holds a Ph.D. in Economics from the University of Maryland, USA, and Master’s degrees in Economics from the Delhi School of Economics, University of Delhi, and University of Maryland.
PAPER | NCAER
India’s Debt Dilemma
Barry Eichengreen, Poonam Gupta and Ayesha Ahmed
2023
PAPER | NCAER
Priorities for the G20 Finance Track
Barry Eichengreen, Poonam Gupta
2023
PAPER | NCAER
Privatization of Public Sector Banks in India: Why, How and How Far
Poonam Gupta, Arvind Panagariya
2022
PAPER | NCAER
A Central Bank Digital Currency for India?
Barry Eichengreen, Poonam Gupta, Tim Marple
2022
PAPER | NCAER
Slowdown of the Indian Economy during 2019-20: An Enigma or an Anomaly
Poonam Gupta, Abhinav
2022
PAPER | NCAER
The Taper This Time
Poonam Gupta
2021
JOURNAL | Indian Public Policy Review
Emerging Market Sell-Offs: India and the World
Poonam Gupta | Dhruv Jain
2021
REPORT | World Bank
India Development Update
Poonam Gupta
2020
PAPER | India Policy Forum, NCAER
India’s Growth Outlook, Fiscal and Monetary Policy Framework Inflation Targeting in India: An Interim Assessment
Poonam Gupta
2020
PAPER | India Policy Forum, NCAER
India’s Growth Story
Poonam Gupta
2018
PAPER | World Bank
Capital flow measures: structural or cyclical policy tools?
Poonam Gupta
2018
PAPER | World Bank
Managing Sudden Stops of Capital Flows
Poonam Gupta | Barry Eichengreen
2016
BOOK CHAPTER | Springer
Monetary Policy in an Interdependent World-The Indian Experience in Monetary Policy in India: A Modern Macroeconomic Perspective
Poonam Gupta | Chetan Ghate | Ken Kletzer
2015
JOURNAL | Indian Growth and Development Review
Bank Ownership and the Effects of Financial Liberalization: Evidence from India
Poonam Gupta | Kalpana Kochhar | Sanjaya Panth
2015
JOURNAL | Emerging Markets Review
Tapering Talk: The Impact of Expectations of Reduced Federal Reserve Security Purchases on Emerging Markets
Poonam Gupta | Barry Eichengreen
2015
JOURNAL | Journal of International Money and Finance
What Makes a Currency Procyclical?
Poonam Gupta | Tito Cordella
2015
PAPER | India Policy Forum, NCAER
Quantitative Easing and Tapering of Monetary Policy in the US: Understanding the Effects on India
Poonam Gupta
2015
PAPER | World Bank
The Exchange Rate and Exports Growth: Are Services Different?
Poonam Gupta | Barry Eichengreen
2015
PAPER | World Bank
From Tapering to Tightening—the Impact of the US Lift-off on East Asian Countries
Poonam Gupta
2015
PAPER | World Bank
Tapering Talk: The Impact on African Economies
Poonam Gupta
2014
PAPER | World Bank
Generating Larger Tax Revenues in South Asia
Poonam Gupta
2014
JOURNAL | Journal of International Money and Finance
Effect of the Global Financial Crisis on Indian Banks: Survival of the Fittest?
Poonam Gupta | Barry Eichengreen
2013
JOURNAL | Indian Growth and Development Review
Exports of Services: Indian Experience in Perspective
Poonam Gupta | Barry Eichengreen
2013
REPORT Economic Survey
Labor Regulations: Impediment to Growth and Size of Indian Firms in Manufacturing
Poonam Gupta | Rana Hasan
2013
WORKING PAPER | NBER & Oxford Economic Papers
The Two Waves of Services Sector Growth
Poonam Gupta | Barry Eichengreen
2013
JOURNAL | Economics and Politics
Growth and Election Outcomes in a Developing Country
Poonam Gupta | Arvind Panagariya
2012
BOOK CHAPTER | Oxford University Press
Explaining the Growth of Manufacturing in India: Role of Labor Regulations and Infrastructure in Handbook on Indian Economy
Poonam Gupta | Utsav Kumar
2011
BOOK CHAPTER | Oxford University Press
Economic Reforms and Economic Outcomes in India: Trade, Poverty, Inequality, and Democracy
Poonam Gupta | Arvind Panagariya
2011
WORKING PAPER | NBER & India Policy Forum, NCAER
The Service Sector: India’s Road to Economic Growth?
Poonam Gupta | Barry Eichengreen
2011
PAPER | Government of India and ICRIER
Financial Sector Reforms under G20 and the Indian Banks
Poonam Gupta
2011
PAPER | World Bank
Services Exports: Are the Drivers Different for Developing Countries?
Poonam Gupta
2011
REPORT | World Bank
India Development Update
Poonam Gupta
2010
BOOK | Oxford University Press
Emerging Giants: China and India in the World Economy
Poonam Gupta | Barry Eichengreen | Rajiv Kumar
2010
PAPER | Government of India and ICRIER
Reforms of the State Owned Enterprises in China and Lessons for India
Poonam Gupta
2010
PAPER | India Policy Forum, NCAER
Big Reforms but Small Payoffs: Explaining the Weak Record of Growth and Employment in Indian Manufacturing
Poonam Gupta | Rana Hasan | Utsav Kumar
2009
BOOK CHAPTER| Oxford University Press
What Constrains Indian Manufacturing? in Emerging Giants: China and India in the World Economy
Poonam Gupta | Barry Eichengreen | Rajiv Kumar
2009
JOURNAL | Journal of Finance
Foreign Banks in Poor Countries: Theory and Evidence
Poonam Gupta
2008
JOURNAL | Journal of International Economics
Behavior of Output during Currency Crises
Poonam Gupta | Deepak Mishra | Ratna Sahay
2007
BOOK CHAPTER| University of Chicago Press
Sudden Stops and IMF-Supported Programs in Financial Markets Volatility and Performance in Emerging Markets
Poonam Gupta | Barry Eichengreen | Ashoka Mody
2006
JOURNAL | Journal of Financial Stability
Foreign Banks in Emerging Market Crises: Evidence from Malaysia
Poonam Gupta | Enrica Detragiache
2006
JOURNAL | Journal of International Money and Finance
Inside the Crisis: An Empirical Analysis of Banking Systems in Distress
Poonam Gupta | Enrica Detragiache | Asli Demirguc-Kunt
2006
JOURNAL | Journal of International Money and Finance
Aftermath of Banking Crises: Effects on Real and Monetary Variables
Poonam Gupta
2005
WORKING PAPER | IMF
Macroeconomic Determinants of Remittances: Evidence from India
Poonam Gupta
2005
PAPER | IMF
Understanding the Growth Momentum in Indian Services
Poonam Gupta | Patricia Reynolds
2005
WORKING PAPER | IMF
Finance in Lower Income Countries: An Empirical Exploration
Poonam Gupta | Enrica Detragiache | Thierry Tressel
2005
BOOK CHAPTER| Oxford University Press
Services Revolution in India in India’s and China’s Recent Experience with Reform and Growth
Poonam Gupta | James Gordon
2004
JOURNAL | Economic and Political Weekly
NRI Deposits in India: Trends and Determinants
Poonam Gupta | James Gordon
2004
WORKING PAPER | IMF
Portfolio Flows into India: Do Domestic Fundamentals Matter?
Poonam Gupta | James Gordon
2003
PAPER | IMF
Does Monetary Policy Stabilize the Exchange Rate Following a Currency Crisis?
Poonam Gupta | Ilan Goldfajn
2003
PAPER | IMF
States’ finances in India
Poonam Gupta | Patricia Reynolds
2001
OPINION | Business Standard
India needs a gender strategy
Poonam Gupta
October 19, 2023
OPINION | Business Standard
India’s growth rate and the sanctity of GDP deflator
Poonam Gupta and S Priyadarshini
September 20, 2023
OPINION | The Economic Times
The Future of Inflation Management in India
Poonam Gupta
September 4, 2023
OPINION | Business Standard
The World Bank must reform
Poonam Gupta
August 22, 2023
OPINION | Business Standard
Incentivising fiscal prudence for states
Barry Eichengreen and Poonam Gupta
July 31, 2023
OPINION | The Economic Times
India’s debt dilemma
Poonam Gupta and Barry Eichengreen
July 28, 2023
OPINION | Ideas for India
India’s debt dilemma
Barry Eichengreen, Poonam Gupta and Ayesha Ahmed
July 17, 2023
OPINION | The Economic Times
Time for a great reset of global finance for developing countries
Poonam Gupta
June 20, 2023
OPINION | Business Standard
Reforming the rating agencies
Poonam Gupta
April 14, 2023
OPINION | The Economic Times
Has the RBI Pivoted?
Poonam Gupta
April 10, 2023
OPINION | The Economic Times
The debt problem of LICs: Plenty of blame to go around
Barry Eichengreen and Poonam Gupta
March 6, 2023
OPINION | The Economic Times
Union Budget Supports Domestic Consumption as the Main Driver of Growth
Poonam Gupta
February 2, 2023
OPINION | Business Standard
A Realistic Survey of the Indian Economy
Poonam Gupta
February 1, 2023
OPINION | The Economic Times
Now is the time for policymaking aimed at insulating the Indian economy from global shocks
Poonam Gupta and Ayesha Ahmed
January 1, 2023
OPINION | The Times of India
Slow and steady is how India’s digital currency will win
Barry Eichengreen and Poonam Gupta
December 24, 2022
OPINION | The Economic Times
Why extending a swap line to India should be in the interest of Fed as well as RB
Poonam Gupta
December 16, 2022
OPINION | Project Syndicate
A Financial Agenda for India’s G20 Presidency
Barry Eichengreen and Poonam Gupta
December 12, 2022
OPINION | The Economic Times
Freeing the white elephants: Why privatisation of public banks can only be good
Poonam Gupta and Arvind Panagariya
October 7, 2022
OPINION | The Economic Times
How inflation targeting framework has worked well for India
Poonam Gupta
September 19, 2022
OPINION | The Economic Times
IMF’s latest news may not be bad news for India if it plays its cards right
Poonam Gupta
July 28, 2022
OPINION | The Economic Times
Why the exchange rate ought to be treated as an automatic stabilizer
Poonam Gupta
July 14, 2022
OPINION | The Economic Times
The reforms needed for G20 to be relevant to all members, and not just advanced economies
Poonam Gupta & Kavya Singh
June 13, 2022
OPINION | The Economic Times
Rapid introduction of a central bank digital currency is fraught with risks, especially for end-users
Barry Eichengreen, Poonam Gupta & Tim Marple
May 5, 2022
OPINION | The Economic Times
How RBI’s status quo on key policy rates is appropriate for India
Poonam Gupta
February 14, 2022
OPINION | The Economic Times
Budget steers clear of drama in complex economic environment
Poonam Gupta
February 2, 2022
OPINION | The Economic Times
Where will India’s economic growth settle in the next 2-3 years?
Poonam Gupta
December 2021
OPINION | The Economic Times
As the US Fed tightens the asset purchases spigot once more, will India feel the heat?
Poonam Gupta and Barry Eichengreen
November 2021
OPINION | The Economic Times
Despite Could inflation in developed countries have a spillover effect on India?
Poonam Gupta
October 2021
OPINION | The Economic Times
Why Despite Being Impacted by Tapering, India Doesn’t Need to Overly Worry about the Fed Decision
Poonam Gupta
September 2021
OPINION | The Economic Times
Volatility and Structure Reforms: Opportunity Comes Knocking
Poonam Gupta
2018
OPINION | Let’s Talk Development
Capital Account Liberalization and Controls: Structural or Cyclical Policy Tools?
Poonam Gupta
2018
OPINION | End Poverty in South Asia
India’s Remarkably Robust and Resilient Growth Story
Poonam Gupta
2018
OPINION | The Economic Times
India’s Growth Story
Poonam Gupta
2018
OPINION | Let’s Talk Development
Should Emerging Markets Worry about U.S. Monetary Policy Announcements?
Poonam Gupta
2017
OPINION | Let’s Talk Development
Are Capital Flows Fickle? And Does the Answer Still Depend on Type?
Poonam Gupta
2017
OPINION | Vox Column
Managing Sudden Stops
Poonam Gupta
2016
OPINION | Let’s Talk Development
Handling Volatile Capital Flows—The Indian Experience
Poonam Gupta
2016
OPINION | Vox publication
The Brexit Surprise and Emerging Markets
Poonam Gupta | Barry Eichengreen
2016
OPINION | People Move
Remittances to India—Resilient to Domestic and External Shocks
Poonam Gupta
2015
OPINION | Let’s Talk Development
Currency Cyclicality: Emerging Markets Rhetoric and the Euro Crisis
Poonam Gupta
2014
OPINION | Let’s Talk Development
India: From BRICS to Fragile ‘n’ (and Back!)
Poonam Gupta
February 2014
OPINION | Voxeu
Tapering talk: The Impact of Expectations of Reduced Federal Reserve Security Purchases on Emerging Markets
Poonam Gupta | Barry Eichengreen
2013
OPINION | Let’s Talk Development
Tapering talk: The Impact of Expectations of Reduced Federal Reserve Security Purchases on Emerging Markets
Poonam Gupta
2013
OPINION | People Move
Remittances to the Rescue!
Poonam Gupta
September 2013
OPINION | The Financial Express
Economic Survey: New Wine in an Old Bottle?
Poonam Gupta
February 2013
OPINION | Voxeu
The Real Exchange Rate and Exports Growth-Are Services Different?
Poonam Gupta | Barry Eichengreen
2013
OPINION | The Financial Express
What Makes Criminals Tick in Politics
Poonam Gupta | Bhaskar Dutta
January 2013
OPINION | The Financial Express
The Global Financial Crisis and Indian Banks: Survival of the Fittest?
Poonam Gupta | Barry Eichengreen
2013
OPINION | The Financial Express
The Real Exchange Rate and Exports Growth-Are Services Different
Poonam Gupta | Barry Eichengreen
January 2013
OPINION | India Policy Portal
How Do Indian Voters Respond to Candidates with Criminal Charges: Evidence from the 2009 Lok Sabha Elections
Poonam Gupta | Bhaskar Dutta
2012
OPINION | The Economic Times
Crime Tainted MPs Have Little to do with High-Level Corruption
Poonam Gupta | Arvind Panagariya
September 2011
OPINION | The Financial Express
For Performers Incumbency Helps
Poonam Gupta | Arvind Panagariya
April 2011
OPINION | The Times of India
Rich, Educated, Criminal?
Poonam Gupta | Arvind Panagariya
2011
OPINION | The Economic Times
Count on Services for Jobs
Poonam Gupta | Barry Eichengreen
June 2010
OPINION | IMF Research Bulletin
Growth, Policies, Institutions, and Poverty
Poonam Gupta
2004