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Welcome and thanks for visiting my site! I invite you to take a moment and look around. To learn more about my background, experience, skills, and how we could potentially collaborate for Social Science Research, simply contact me.

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About Me

My Background

From a young age, I’ve always had a sense of motivation and passion driving me forward. Whether it’s exploring unique opportunities, learning additional skills, or exploring new academic ideas, I bring these values to every experience throughout my life on a personal and professional level. I am an Electrical Engineer who adopted the technical skills and served an MNC for over five years before switching to the arena of Economics and Finance. I am a Cost and Management Accountant (CMA- 46560) and an AIML expert. I presently work as Assistant General Manager in the Reserve Bank of India, besides pursuing my research interest as a Ph.D. scholar at the coveted Indian Institute of Technology, Kanpur. To learn more about me, keep exploring my site or reach out for academic collaboration.

Home: About Me

Educational Background

What I’ve Learned

January 2021 - January 2026

Doctor of Philosophy, Indian Institute of Technology (IIT), Kanpur, India

I am a PhD Scholar at IME, IIT Kanpur. My areas of research interest are Data Analytics on economic problems, Advance Econometrics, AI-driven modeling on social problems. I work on various research projects related to Energy Economics, Financial Economics and Development Economics in collaboration with various domain-experts across the globe.

June 2017 - February 2019

Cost and Management Accounting (CMA), ICMAI

I hold the title CMA (Cost and Management Accountant), a professional Master's Degree from the Institute of Cost Accountants of India, a statutory body under an Act of the Indian Parliament. My registration number is 46560. In this role, I am an expert in Cost Control, Cost Audit, Project Finance, Corporate Finance, and Financial Markets. I am an All-India Rank holder in the final exam.

June 2005 - June 2009

B.E. (Electrical Engineering), Jadavpur University

I completed my Bachelor's of Engineering from Jadavpur University. I graduated with First Class Honors Degree in Electrical Engineering.

August 2021 - May 2022

Executive PG Programme in Machine Learning and AI, International Institute of Information Technology, Bangalore

I have completed this programme with a special focus on AI and ML having strong application orientation for solutions of real-time research problems.


Financial Modeling & Valuation Analyst (FMVA)®

I am a certified Financial Modeling & Valuation Analyst (FMVA)® from Corporate Finance Institute (CFI) in 2020


Commercial Banking & Credit Analyst (CBCA)™

I am a certified Commercial Banking & Credit Analyst (CBCA)™ from Corporate Finance Institute (CFI) in 2020

2016 - 2017


Completed JAIIB (Jr. Associate) (in 2016) and CAIIB (Certified Associate) (in 2017) of Indian Institute of Bankers (IIBF) in the first attempt.

June 2019

University Grants Commission (UGC)- NET- Management

Qualified UGC-NET exam, determining the eligibility for the post of professors in India, with Management as a subject with 99.83 percentile

Home: Education


My Academic Contributions

Home: Education

Exploring the Relevance of Crude Oil Prices and Installed Generation Capacity in Prognosticating the NIFTY Energy Index

April 2022

The article brings a new approach with a proficient rendition of the existing literature emphasizing the stock and oil prices (OP) nexus, and it uniquely incorporates the demand-side impact of the domestic electricity installed capacity (IC) on India’s benchmark NIFTY Energy Index (NEI). The study undertakes a multivariate time series analysis consisting of a dual-cointegration exercise with the Johansen test and the Bounds test followed by a comprehensive residual analysis. From the multivariate analysis, the study found that the underlying variables are having a significant long-run association among them, while with Granger causality test, it detects a bidirectional causality in the case of IC and energy index pair, and no significant causality in the case of crude OP and energy stock returns pair. After this, the study proceeds with a univariate analysis of a long time series and establishes that the NEI can be foreseen with a suitable ARMA model and residual heteroscedasticity EGARCH analysis even in the presence of exogenous shocks. 


Social Entrepreneurship and Corporate Social Responsibility: A Critical Exploration to Identify a Reactive Causal Relationship

May 2022

Social entrepreneurship is a focused procedure helping to develop social worth by consolidating the available resource repositories in new ways and these blends of assets can inspect and manoeuvre possibilities that generate worth and invigorate social change. This study delves into qualitatively ascertaining the causal relationship between easily measurable CSR investment and social entrepreneurship contribution. The empirically established autoregressive estimation model hints at considering previous changes to predict further progress of the sociopreneurship intent with straightforwardness and accuracy.

Reminiscing the Expedition Towards Swachh Bharat- a Mission with a Conviction of all 'Swachhagrahis'

February 2022- The Management Accountant

Before the program was launched, 60 percent of the global toiletless population defecating in the open were Indians. With a focused execution roadmap and a well-demarcated responsibility, the mission accomplished its macro and micro targets overwhelmingly. To maintain the feeling of cleaner India, the sense of ownership amongst fellow citizens is of pivotal importance, and to achieve it, unity with resilience is a must. The consolidated effort with a practicable conviction of the Swachhagrahis seems to make the program a benchmark for all the developing nations. (

Analysis of Energy Substitution vis-a-vis Security Policy Trade-off with the Emissions Embodied in Bilateral Trade: An Index Decomposition Approach

July 2021- Research Bulletin, Vol 47, The Institute of Cost Accountants of India

The trade-off between climate protection and energy security is more striking for the developing countries those are having fewer resources to combat the risk of sudden supply disruptions of energy, however, its reflection in the literature is not found sufficient. This paper aims at exploring this trade-off by uniquely representing the India-UK bilateral trade and applies a spatial index-decomposition exercise of the emissions embodied in the net export. The calculated emission imbalance implied in India-UK bilateral trade is decomposed into the contributions from five important drivers. The study compares the policy trade-offs under three hypothetical scenarios where India is adopting prudent policy measures imitating the UK. Based on these scenario experiments, the study suggests a decision trick where India is adopting a lower energy intensity of input use by altering its energy consumption level keeping the employment of inputs unchanged. (

Mitigating Climate Change Through Adopting Clean Energy Policies: A Cross-country Analysis on Emerging Markets and Developing Economies

December 2021- 4th International Conference on Management and Business Practices (ICMBP) 2021. Dept. of Management and Business Administration, Aliah University, Kolkata

The research objective was to unveil various aspects of renewable energy and its impact on the global economy. This research started with the understanding of the significance of renewable energy and gradually progressed towards finding its production and consumption trend, share in energy mix, production autocorrelation study with its impact on GDP and welfare for developing and developed nations and a focused study of cointegration and causality in case of India. While establishing cointegration between renewable energy production and economic growth indicators by Johansen test, we performed Vector Autoregression modeling for the indicators signifying unidirectional granger causality and possibility of autoregressive modeling. We concluded the study establishing the economic impact of renewable energy focus and its forecasting possibility in terms of its past data and its impact of multifarious developmental indicators. The research emphasises the need to perform due diligence towards making Sustainable Development Goals (SDG) 2022 a success through analyzing prevailing policies and estimating future policy roadmap with focused inclination towards clean energy.

Indian Railways Vision 2024: Purpose Appraisal Through an Empirical Exploration of the Key Driving Forces

August 2021- The Management Accountant

The story of the Indian Railways, one of the largest in the world, is one with a culmination of strong planning, able leadership, robust institutional support, deep-rooted utilitarian bias, and an imperishable vision.The all-encompassing strategic Vision 2024 document delineated the detailed blueprint to achieve 2024 MT loading by the year 2024. The statistical outcomes from this analysis claimed the strength and significance of dependence of the driving forces with the key observable outputs, whereas the predictive analysis has buttressed the future prospect. (DOI: 10.33516/maj.v56i8.34-37p)

A Qualitative Investigation on Natural Resource Accounting in India - A Misnomer or a Sustainable Trailblazer?

June 2021- The Management Accountant Journal 56(6):25

Natural Resource Accounting, a cycle of assessing the worth of environmental exhaustion and ecological depletion in view of economic engagements, is the need of the hour to secure sustainable economic growth by maintaining the broader theme of the triple bottom line (TBL) framework while ensuring three macro facets of people, planet, and profit. The deliberations at various levels, with coordinated effort in framing NRA guidelines in line with the best global practices in India, had substantially increased the awareness amongst stakeholders. (DOI: 10.33516/maj.v56i6.25-29p)

Reinvigorating Green Bond as an Alternative Energy Investment amidst Foreseeable Funding Crisis due to the Great Lockdown

June 2021- Doctoral Symposium 2020. Indian Institute of Management Kozhikode

The Great Lockdown due to the outbreak of COVID-19 pandemic has exasperated the prevailing situation beyond a mere health crisis and its economic impact is anticipated to be risking the prospect of the sustainability of the energy sector. Conducting a time-series analysis with five major countries, chosen in terms of their renewable-energy consumption and issuance of the green bond, this study imprecates that the lockdown would severely harm the investments in renewable energy, whereas, the long-term asset financing is less vulnerable to economic slowdowns compared to the gross investment. The study represents Green Bond as a rapidly growing long-term financial instrument for the private investors and capable of absorbing macroeconomic disturbances, hence, more propitious as a rescuer for the renewable energy sector for the future.

Post COVID-19 Growth Vaccine: Will Investment - Driven Surge in International Trade be a Game-Changer

April 2021- The Management Accountant Journal 56(4):28

The structural positivity in the economy is a must to deliver growth in the long run. The increase in the volume of international trade can be a game-changer to contribute immensely to the overall growth-orientation. It not only helps to develop a higher degree of trade interconnectedness amongst countries, but it also accelerates demand-driven consumption resulting in a positive contagion effect in the economy as a whole. The trend analysis for a significantly long time series reflects the structural dependency of FDI and international trade. Hence, the prospective growth ecosystem post- COVID-19 pandemic, driven by rejuvenated international trade, has to be significantly influenced by cross-country capital linkage resulting in FDI as a deciding growth-driver. DOI: 10.33516/maj.v56i4.28-31p

Unveiling Digital Health and Electronic Health Record - The Impending Mechanisms to Ameliorate Healthcare Efficacy in India

February 2021- The Management Accountant Journal 56(2):24

With sustainable economic growth potential and foreseeable improvement in public service delivery, India needs instruments to improve sectoral productivity in healthcare. In the modern world of technological advancements, digital intervention is inevitable to increase healthcare effectiveness. Digital health includes multiple digital care mediations ensuring the convergence of digital technologies with wellness, treatment, healthcare, and society to improve the efficacy of service delivery and make medicines more explicit and user-specific. DOI: 10.33516/maj.v56i2.24-27p

A comprehensive study of Employee Engagement: Contemplating 7-D model in view of NIFTY 50 companies

September 2019- International Journal of Advanced Engineering, Management and Science

The study has been initiated to unfold the conceptual reality of a commonly used terminology in organization behaviour study- employee engagement. The engagement of employees towards an organization is determined by their affective, cognitive and behavioural attributes which are in turn linked with various internal and external factors. These factors are identified and presented in various models with some specific focus area. Employee engagement index, the measuring indicator, is a reflection of multiple self-determining factors. This study unveiled the factors while analysing the annual reports for FY 2018-19 of NIFTY 50 companies. The key focus areas have been identified and an all-encompassing 7-Dimensional model has been proposed to determine the objective-oriented factors to prepare relevant questionnaire for ascertaining Employee Engagement Index. 

DOI: 10.22161/ijaems.59.2

Academic and Professional Recognitions

Honorable Mentions


Invited as Paper Presenter - 3rd International Conference on Economics and Finance by Nepal Rastra Bank

February 28-29, 2020


Qualified in National Eligibility Test (NET) (Management) with 99.83 percentile

July 2019


All India Rank 49- CMA Final Exam

February 2019


Regional Director’s Badge of Honor in Reserve Bank of India

January 2017


Indian Civil Services: Qualified for interview

May 2014

White File Folders

National Scholarship of Merit


Home: Recognitions

My Research Interests

For Independent, Collaborative and Institutional Research

Financial Economics

Financial Markets, Economic Outlook, Macroeconomics

Energy Economics

Energy Inequality, Energy Trading, Energy Indices, Emission Trading

Development Economics

Inequality, Sectoral Studies, Socio-economic Indicators and Developmental studies

Data Analytics

High-Frequency Indicators- Impact assessment, Financial Analytics- in STATA, EViews, R and Python

Advance Econometrics

Time Series Analysis, Panel Data Analysis, Advance Econometrics analysis- Application in R & Python

Corporate Governance

Data Analysis and Forecasting on Corporate Governance, Sectoral Heterogeneity Analysis

Home: Interests

"Ever tried. Ever failed. No matter. Try again. Fail again. Fail better."

Samuel Beckett

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