Surajit Bhattacharyya

Professor
surajitb@iitb.ac.in
(+022) 2576-7388
Education:
  • Ph.D, Indian Institute of Technology Kanpur
  • M.Sc, University of Calcutta
Research Interests:
  • Industrial Organization and Strategic Trade
  • Keynesian Stabilization Policies
  • Corporate Investment: Theory & Empirics
Experience:
  • Professor, Department of Economics, IIT Bombay. January, 2023 onwards.
  • Professor, Department of Humanities & Social Sciences, IIT Bombay. Apr.– Dec. 2022.
  • Associate Professor, Department of Humanities & Social Sciences, IIT Bombay. 2014 -2022.
  • Assistant Professor, Department of Humanities & Social Sciences, IIT Bombay. 2009 – 2014.
  • Assistant Professor, Institute of Management Technology, April, 2006 – March, 2009.
  • Visiting Faculty, Department of Humanities and Social Sciences, IIT Kanpur. [Summer, 2008]
  • Senior Lecturer, Institute of Management Technology, June, 2005 – April, 2006.

Book:

  • Transient Market Power of Firms (2021), T.V.S. Ramamohan Rao and Surajit Bhattacharyya, Cambridge Scholars Publishing, Newcastle upon Tyne, United Kingdom.
Peer Reviewed Journal Publications:

  1. Saxena M, and Surajit Bhattacharyya, “Financial Leverage, Innovation, and Cournot Output: Limited Liability Effect under Demand Uncertainty”, The Indian Economic Journal (ISSN: 0019-4662), 1-15. 2022. DOI: 10.1177/00194662221118311
  2. Saxena M, and Surajit Bhattacharyya, “Industry Dynamics and Capital Structure Choice: Evidence from Indian Manufacturing Firms”, Managerial and Decision Economics, 43(3), pp. 829-845, April 2022. DOI: 10.1002/mde.3421
  3. Bagchi. S and Surajit Bhattacharyya, "Are Export Earnings from India’s Bilateral Intra-Industry Trade with the US and China Robust Enough?", International Journal of Development Issues, 20(3), pp. 374-392(19). ISSN: 1446-8956. August 2021. DOI 10.1108/IJDI-02-2021-0045
  4. Bagchi. S and Surajit Bhattacharyya, “Industry-level determinants of India’s vertical and horizontal IIT”, Indian Economic Review, 56(1), pp. 113-145, 2021. https://doi.org/10.1007/s41775-021-00107-8
  5. Saxena M, and Surajit Bhattacharyya, “Telecommunications Infrastructure and Economic Growth in India”, Journal of Institute of Public Enterprise, 42(2), pp. 1-22. 2019.
  6. S. Gharpure, S. Roy, P. Purang and Surajit Bhattacharyya, “Role of Cultural Dimensions in Safety Performance of Global Oil and Gas Industry”, Recent Advances in Petrochemical Science, 5(1), pp. 133-139, April 2018. DOI: 10.19080/RAPSCI.2018.05.555653
  7. Saxena M. and Surajit Bhattacharyya, “A Time Series Analysis of the Nexus Between Telecommunications Infrastructure and Economic Growth in India”, The Indian Journal of Economics, Vol. 98, No. 389, pp. 189-210, Oct. 2017.
  8. Shukla R, Surajit Bhattacharyya and K. Narayanan, “Firm Size vis-à-vis Industry Size and Innovation in A Dominant Firm-Fringes Oligopoly Model”, Foreign Trade Review, 51(1), pp. 13-25. 2016. DOI: 10.1177/0015732515614436
  9. Bhattacharyya Surajit, “Dynamics of Government Budget Constraint in a Closed Economy Keynesian Model”, The Indian Journal of Economics, Vol. 96, No. 382, pp. 417-433, Jan. 2016.
  10. Bagchi S, Surajit Bhattacharyya, K. Narayanan, “Anti-Dumping Initiations in Indian Manufacturing Industries”, South Asia Economic Journal, 16(2), pp. 278-294, Sept. 2015. https://doi.org/10.1177/1391561415598462
  11. Bagchi S, Surajit Bhattacharyya and K. Narayanan, “Does Anti-dumping Enforcement Generate Threat?”, Foreign Trade Review, 49(1), pp. 31-44, Feb. 2014. https://doi.org/10.1177%2F0015732513515988
  12. Bhattacharyya Surajit and A. K. Chatri, “Impact of Mergers & Acquisitions on Efficiency of Indian Commercial Banks: A DEA Approach”, The International Journal of Applied Economics and Econometrics, 22(4), pp. 61-94, Oct. – Dec. 2014.
  13. Bagchi S, Surajit Bhattacharyya and K. Narayanan, “Determinants of Anti-dumping Initiations in Indian Manufacturing Industries”, The Indian Economic Journal, 61(3), pp. 343-357, Oct.-Dec. 2013. https://doi.org/10.1177/0019466220130301
  14. Bhattacharyya Surajit and A. K. Chatri, “Efficiency of Indian Commercial Banks: The Post-Reform Experience from Mergers & Acquisitions”, The Indian Economic Journal, Vol. 60. No.3, Oct.-Dec. pp. 3-28, 2012. https://doi.org/10.1177/0019466220120302
  15. Bhattacharyya Surajit, “Business Fixed Investment in Manufacturing Firms: Experience from First Phase of Reforms in India”, The Indian Journal of Economics (ISSN: 0019-5170), Vol. 90, No. 358, Jan. 2010.
  16. Bhattacharyya Surajit, “Revisiting the Theories of Business Fixed Investment”, The Indian Journal of Economics (ISSN: 0019-5170), No. 354, Vol. LXXXIX, Jan. 2009.
  17. Bhattacharyya Surajit, “Determinants of Private Corporate Investment: Evidence from Indian Manufacturing Firms”, Journal of Quantitative Economics (ISSN: 0971-1554), New Series Vol. 6, No. 1 & 2, pp. 151-172, Jan. & Jul. 2008.
  18. Bhattacharyya Surajit and S. Sinha, “Accelerators and Investment Functions”, The Indian Economic Journal (ISSN: 0019-4662), pp. 21-32, Vol. 52, No. 1-2, Apr.-Sept. 2004.
  19. Bhattacharyya Surajit and T.V.S.R. Rao, “Internet Licensing: The Software Dimension”, The Indian Journal of Economics (ISSN: 0019-5170), Vol. 82, No. 326, pp. 337-354, Jan. 2002.
Conference Proceedings:

  • Bhattacharyya Surajit and A. K. Chatri, “Mergers & Acquisitions and Bank Efficiency: The PostReforms Indian Experience”, The International Academy of Business and Public Administration Disciplines Conference Proceedings, (ISSN: 1547-4836), Vol. 9, No.4, pp. 520-538, Las Vegas, Nevada, USA. Oct. 2012
Book Chapter:

  • T.V.S.R. Rao and Surajit Bhattacharyya (2023), Capital Stock and Investment in "Managerial Discretion in Imperfect Markets", Ch. 8, pp. 123-139. Springer Nature: Singapore.
  • Bhattacharyya Surajit, “Determinants of Private Corporate Investment: Panel Data Evidence from Indian Manufacturing Firms” in A Collection of Essays in Finance, Allied Publishers Private Ltd. Edited by B. Bhattacharya and M. Roy, Centre for Advanced Studies, Department of Economics, Jadavpur University, Kolkata. 2010.
Invited Papers:

  • Bhattacharyya Surajit and A. Saxena, “Evidence on Gibrat's Law from Indian Manufacturing Firms”, PROFICIENT (ISSN: 0975-475X), 2(2), Apr. 2010.
  • Jha R. Kr. and Surajit Bhattacharyya, “Social Security System in India: An International Comparative Analysis”, PES Business Review (ISSN: 0973-919X), 5(2), pp. 3-16, Jun. 2010.
  • Bhattacharyya Surajit and A. Saxena, “Does the Firm Size Matter? An Empirical Enquiry into the Performance of Indian Manufacturing Firms”, PES Business Review, (ISSN: 0973-919X), 4(2), pp. 24-33, Jun. 2009.
  • Bhattacharyya Surajit and A. Saxena, “Stock Futures Introduction & Its Impact on Indian Spot Market”, PRERANA (ISSN: 0974-908X), 1(1), pp. 1-12, Mar. 2009.
Media Article:

  • Mainstream, VOL. LIX No. 27, New Delhi, June 19, 2021 India’s Anti-dumping Activities: What’s at Stake? | Bagchi and Bhattacharyya
Conference Papers:

  • Saxena M. and Surajit Bhattacharyya, "Firm and Industry Specific Determinants of Capital Structure: Evidence from Indian Manufacturing Firms" in MDC, VGSoM, IIT Kharagpur, 3- 4 Feb, 2021.
  • Chatterjee A. and Surajit Bhattacharyya, "Trade in Vertically Differentiated Goods under Stackelberg Leadership" in MDC, VGSoM, IIT Kharagpur, 3-4 Feb, 2021.
  • Bagchi S. and Surajit Bhattacharyya, “Industry Level Determinants of Intra Industry Trade in India.” 3 rd International Conference on Economic Research, ECONALANYA 2019, Alanya Alaaddin Keykubat University, Faculty of Business, Turkey, 24-25 Oct. 2019.
  • Saxena M. and Surajit Bhattacharyya, “Capital Structure, Process Innovation and Firm Level Output: The Limited Liability Effect under Demand Uncertainty in a Cournot Duopoly.” MSE Silver Jubilee Conference on Technology and Development Organized by MSE in partnership with Forum for Global Knowledge Sharing, Aug. 11, 2018.
  • Bagchi S., Surajit Bhattacharyya, and K. Narayanan, “Determinants of India’s Vertical and Horizontal Intra-Industry Trade in India.” Inclusive Economic Growth: Rethinking the Development Process in a Time of Paradigm Shift, University of Sri Jayewardenpura, Sri Lanka, June 15-16, 2017.
  • Bagchi S., Surajit Bhattacharyya, and K. Narayanan, “Country Specific Determinants of Intra-Industry Trade in India.” Paper Presented at COSMAR, Department of Management Studies: IISc Bangalore, November 20-21, 2017
  • Bagchi S., Surajit Bhattacharyya and K. Narayanan, “Is Intra-Industry Trade Gainful? Evidence from Manufacturing Industries of India.” Paper Presented at Innovations, International Trade and Economic Development, Centre for Development Economics and Innovation Studies, Punjabi University, Patiala, November 25-26, 2016.
  • The Paper was also presented at the 11th Annual International Conference of Forum for Global Knowledge Sharing, Indian Institute of Technology Madras, December 3-5, 2016.
  • Bagchi S, K. Narayanan and Surajit Bhattacharyya, “Is Anti-dumping a Form of Retaliation Threat in World Trade?”, VI National Graduate Students Conference in Economics (CNEPE), Bahia Blanca, Argentina, 23-24 May, 2013
  • Bagchi S, Surajit Bhattacharyya and K. Narayanan, “Anti-dumping: A New Protectionist Measure in Foreign Trade.” 49th Annual Conference of The Indian Econometric Society, Dept. of Statistics: Patna University, Jan. 9-11, 2013.
  • Bhattacharyya Surajit and A. Chatri, “Mergers & Acquisitions and Bank Efficiency: The Post- Reforms Indian Experience”, The International Academy of Business and Public Administration Disciplines (IABPAD) Conference, Las Vegas, Nevada, USA, Oct. 2012.
  • Saxena A and Surajit Bhattacharyya, “Impact of Futures Introduction over Spot Prices”, International Conference on Business and Finance – 2009, IBS Hyderabad, ICFAI Business School.
  • Bhattacharyya Surajit, “Determinants of Private Corporate Investment: Panel Data Evidence from Indian Manufacturing Firms”, at the International Conference on Issues in Finance- Theory and Empirics 2008, organized by the Centre for Advanced Studies, Department of Economics, Jadavpur University, Kolkata.
  • Bhattacharyya Surajit, “Corporate Investment Behavior of Manufacturing Firms: The Post- Liberalization Indian Experience”, 44th Annual Conference of The Indian Econometric Society, University of Hyderabad, January, 2008.
  • Bhattacharyya Surajit, “Determinants of Private Corporate Investment: Evidence from Indian Manufacturing Firms”, International Conference on Business and Finance (ICBF)- 2008 organized by ICFAI Business School, Hyderabad & Bentley College, Boston, USA.
  • Bhattacharyya Surajit, “Determinants of Private Corporate Investment: Evidence from Indian Manufacturing Firms”, Northeast Business & Economics Association (NBEA) Annual Conference 2007, at the Central Connecticut State University, USA.
  • Bhattacharyya Surajit, “A Re-Look at the Models of Business Fixed Investment”, Singapore Economic Review Conference (SERC) 2007, at the Nanyang Technological University, School of Humanities and Social Sciences, Singapore.
  • Bhattacharyya Surajit, “Determinants of Private Corporate Investment: Evidence from Indian Manufacturing Firms", Biennial Conference of the Economic Society of South Africa (ESSA), 2007, Johannesburg, South Africa.
  • Bhattacharyya Surajit and S. Sinha, “Accelerators and Investment Functions”, at the 41st Annual Conference of The Indian Econometric Society, Jadavpur University, Kolkata, January, 2005.
  • Bhattacharyya Surajit and T.V.S.R. Rao, “Internet Licensing: The Software Dimension”, at the 37th General Conference of The Indian Econometric Society, South Gujrat University, Surat, April, 2001.
Journal Refereeing:

  • Economic Modelling,
  • Emerging Markets Finance and Trade,
  • Macroeconomics and Finance in Emerging Market Economies,
  • Journal of Business Research,
  • Foreign Trade Review,
  • South Asian Journal of Global Business Research,
  • Journal of Economics and International Finance,
  • Journal of Quantitative Economics,
  • Indian Economic Journal.
  • Member, Working Group for Reviewing the Minimum Investment Requirement under SEBI (AIFs) Regulations, 2012.
  • Member, Departmental Policy Committee, Department of Economics, IIT Bombay, 2023 -
  • Elected Member, Departmental Policy Committee, HSS Department, IIT Bombay, 2021 -22
  • Core Committee Member, GATE (Economics), 2021.
  • Committee Member, UGPC, IIT Bombay 2021 -
  • Nominated Senate Member, IIT Bombay, 2017 -18.
  • Member, M.Phil. Entrance Test Committee. HSS Department – 2011, 2012, 2017, 2018.
  • In-charge of Allocation of TA Duty and Exam. Invigilation Duty, HSS Department, 2015 -17.
  • Elected Member, Departmental Policy Committee (DPC), HSS Department, IIT Bombay, 2011-14.
  • Secretary, Department Post-Graduation Committee (DPGC), HSS Department, IIT Bombay, 2011–14.
  • Chairperson – Economics Area, April 2006 – March 2009. Institute of Management Technology.
  • Chairperson – Alumni Association, April 2006 – March 2008. Institute of Management Technology.
  • Hostel Warden, Institute of Management Technology. June 2005 – March 2008.
  • Departmental Excellence in Teaching Award (2023), IIT Bombay
  • Prof. S.P. Sukhatme Excellence in Teaching Award (2017), IIT Bombay
M.Phil. Thesis Supervision:

  1. Ankit Kumar Chatri: “Impact of Mergers & Acquisitions on Indian Commercial Banks: The Post-Reform Experience”. June, 2011.
  2. Sagnik Bagchi: “Anti-dumping As A New Protectionist Measure in Foreign Trade: Evidence From Indian Manufacturing Industries”, June, 2013. [Co-supervised with Prof. K. Narayanan]
  3. Mohina Saxena: “A Time Series Analysis of the Nexus Between Telecommunications Infrastructure and Economic Growth in India”, July, 2016.
  4. Irfan Ali K. C: “Credit Expansion and Inflation Expectations in the US: Post 2007-08 Financial Crisis”, June, 2017.
Ph.D. Thesis Supervision:

  1. Richa Shukla (2018): “Determinants of Firm Level R&D Intensity: A Study of The Electronics Goods Sector in India”. [Co-Supervised with Prof. K. Narayanan]
  2. Sagnik Bagchi (2018): “Determinants of Intra-Industry Trade in India”. [Supervisor]
  3. Mohina Saxena (2022): Industry Dynamics, Capital Structure, and Market Performance: Evidence from Indian Manufacturing Firms [Supervisor]
  4. Agnimitra Chatterjee (Ongoing): Product Quality, Strategic Trade & Firm Performance [Supervisor]

Does Firm Size Matter? An Exploration into the Case of Indian Manufacturing Firms {INR 5,25,000} Spons/HS/SB-1/2009 (Project Code: 09IRCC009) — IRCC, IIT Bombay