Professor Kajal Lahiri delivers keynote lecture at India’s Central Bank

In a special invitation from the Reserve Bank of India (RBI), Distinguished Professor Kajal Lahiri recently travelled to Mumbai to deliver the keynote lecture at a conference on Measuring Survey Expectations. Like in many other developing countries, India’s inflation rate escalated to over 15% during the great recession and soon thereafter. Analyzing a recently released survey data of nearly one million Indian households over 2008-2012, Lahiri showed how the national inflation rate had much severe adverse effects on certain vulnerable segments of the population, and that the effects were unequally distributed over different parts of the country. He emphasized the importance of this multi-faceted diversity on the conduct of a monetary policy for price and income stability for the country as a whole.

In the picture Professor Lahiri inaugurates the conference on July 24, 2015 in front of over 400 delegates, as the RBI Governor (who was IMF’s former Chief Economic Counsel and  a University of Chicago Business professor)  Dr. Raghuram Rajan looks on.

We congratulate Professor Lahiri for this extraordinary honor and recognition.