Currently works as Professor at IIMA. Interests include international trade and investment, industrial development, macroeconomics, economic history, public sector, infrastructure, small firms, electricity reforms, regulation, and the Indian economy. Was recipient of the Ford Foundation Post-Doctoral Fellowship in International Economics; won the EXIM Bank's International Trade Research Award for the doctoral dissertation "Foreign Direct Investments from India 1964-83"; Earlier worked as Associate Professor at Institute of Public Enterprise, Hyderabad, and Senior Correspondent for Business India (magazine), visiting fellow at University of Pennsylvania, and ICCR Chair Professor at Copenhagen Business School (Asia Research Centre). Was co-chair of the IIMA-Harvard Kennedy School Phase V programmes for senior government officials. Founding Chair of the PGP-PMP of IIMA. Has been the editor of the India Infrastructure Reports 2001, 2002, 2003 and 2004, covering the themes "Market Structure and Regulation", "Governance Issues for Commercialization", "Public Expenditure Allocation and Accountability", and "Ensuring Value for Money". Other books include the "Growth and Transformation of Small Firms in India". Has led several team research efforts. Has also consulted for international and national organizations besides government and served on several expert committees of the government of India, member of the board of governors of UCO Bank and GETCO, and of the National Committee for Promotion of Social and Economic Welfare, GOI, and of the Society for Promotion of Rationality.