Why Pami Dua as monetary policy committee member was an obvious choice

Pami Dua’s colleagues at the Delhi University are not surprised at her appointment and felt that she was the ideal choice to steer India’s monetary policy for the next four years


A file photo of Pami Dua.
A file photo of Pami Dua.

New Delhi: Pami Dua, the only woman in the six-member monetary policy committee, is a director and professor at the Delhi School of Economics and well known in academic circles. She has been associated with India’s prestigious D-School—as it is popularly called—for more than 20 years and is held in high regard by students and contemporaries.

Dua’s colleagues at the university say she is an ideal choice to join the panel that will steer India’s monetary policy for the next four years. Business cycle analysis, macroeconomics, econometrics and forecasting are her primary fields of work.

“She has received international recognition in the field of Macroeconomic Economic Forecasting. Due to her past experience and credentials, she was the likely choice,” said Aditya Bhattacharjea, professor and head of the department of economics at D-School.

Anup Chatterjee,a retired professor of economics at Delhi University, said ”She is essentially a monetarist.” Her Ph.D students say Dua is academically very strong and encourages her students to do in-depth analyses.

Indeed, Dua has strong academic credentials. She has a Ph.D from the London School of Economics and has taught in several reputed foreign universities.

She has written numerous research papers. Some of them are Foreign Direct Investment and Technology Spillover: Evidence across Indian Manufacturing Industries, Forecasting Interest Rates in India, Predicting Indian Business Cycles: Leading Indices for External and Domestic Sectors, Indicator Approach to Business Cycle Analysis: The Case of India. Many of her research papers are being taught to students of Delhi University.

Mint tried contacting Dua, but she couldn’t be reached.

Currently, she is chairperson at the Research Council, Delhi University. She is also the dean of the academic and projects, Delhi University. She was president of the Indian Econometrics Society for 2015-16.

Dua is no stranger to the Reserve Bank of India.

She has served on RBI advisory groups and was a member of the committee on data and information management constituted by the Central Bank in 2014.

She also served as a committee member on price indexes and macroeconomic changes at the ministry of statistics and programme implementation.

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