Dr. Indradeep Ghosh

Executive Director

Dr. Indradeep Ghosh is the Executive Director of Dvara Research. He works with the Dvara Research Board to drive its research agenda and leads the research priorities in coordination with the practice heads.

He has a PhD from MIT, an MA from Cambridge University (where he won the Adam Smith Prize given to the top graduating student in the university), and a BA from St. Stephen’s College, all in Economics. Since graduating from MIT, he has devoted himself to an academic career, first at Haverford College in Philadelphia, PA (USA), and then at the Meghnad Desai Academy of Economics in Mumbai, India.

As a teacher, Indradeep strives to inculcate in his students a passion for understanding economic reality in all its manifestations. In particular, he encourages students to become critical thinkers, capable of engaging with the writing of not only economists but also other social scientists and humanists. He also enjoys collaborating with students on research projects and has published a paper (on the subject of teaching a new kind of introductory economics course) co-authored with one of his students in a leading international journal of economics pedagogy.

As a scholar, Indradeep started his research career publishing papers in international macroeconomics, but after the Global Financial Crisis of 2008, he has strayed far from his training and begun to think about a wide range of questions spanning both heterodox approaches to economic theory as well as critical-theoretic approaches emanating from the other social sciences and the humanities. Working with communication studies scholars, he has published a critique of neoclassical economic theory, which appeared as the lead essay in the centennial volume of the world’s oldest journal of rhetorical studies, Quarterly Journal of Speech. That paper, in turn, used ideas about affectivity and temporal experience that Indradeep developed in conversation with sociologists and philosophers, and that formed the basis of a solo-authored paper published in a humanities journal, Journal of Contemporary Thought. After returning to India in 2015, Indradeep’s work has increasingly focused on the Indian economy. He has written about urban transformation and financial inclusion, which are critical policy problems for India to solve in the coming years and decades.

He has recently published peer-reviewed articles in Economic & Political Weekly (EPW) and Journal of Cultural Economy (JCE). In the EPW paper, published in April 2020 (see here, under “Special Articles”), he (along with co-author Ajit Ranade) assesses the viability of payments banks as a vehicle for financial inclusion. In the JCE paper, published in June 2021 (see here), he (along with co-authors Ismail Erturk and Kadambari Shah) analyzes the rhetorical dimension of financial inclusion policies, deconstructing the narratives that technocrats and politicians use to “sell” financial inclusion to the masses. At present, he continues to devote all his time to studying and writing about financial inclusion and household finance in India. In his latest paper, Indradeep and co-authors document a set of interesting relationships between household-level economic behaviour and the macroeconomy in India.