Assessing India's post COVID-19 Economic Recovery

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As the country emerges from lockdown, it must deal with a devastated unorganised sector, sharp declines in private consumption and investment, and global headwinds. To discuss the numerous challenges on the path to economic recovery, IDFC Institute hosted a conversation moderated by Niranjan Rajadhyaksha with Junaid Ahmad, World Bank Country Director for India; Pranjul Bhandari, Chief India Economist, HSBC; Ila Patnaik, Economist and Professor, National Institute of Public Finance and Policy; Neelkanth Mishra, Managing Director and India Strategist for Credit Suisse; Sajjid Chinoy, Chief India Economist, JP Morgan.


Junaid Ahmad

Junaid Ahmad is the Country Director for the World Bank in India. He was formerly the Chief of Staff to World Bank Group President, Jim Yong Kim. He has led the Bank’s program in diverse regions including Africa, the Middle East and North Africa, as well as in India and South Asia. Prior to joining the President’s office, Junaid was the Senior Director for the Water Global Practice. He has also spent ten years in the field, first as the Deputy Resident Representative and Principal Economist in Johannesburg, and then as Regional Team Leader of the Water and Sanitation Program in New Delhi. He holds a PhD in Applied Economics from Stanford University, an MPA from Harvard University, and a BA in Economics from Brown University

Pranjul Bhandari

Pranjul Bhandari is the Chief India Economist at HSBC Securities & Capital Markets (India) Private Limited. She is responsible for developing the firm's position on macroeconomics and public policy in India, and leading the firm's economics research franchise from Mumbai. Prior to joining HSBC, Pranjul completed a resident fellowship at the IMF in Washington DC after graduating as a Mason Fellow from the Harvard Kennedy School. Previously, she worked at India's Ministry of Finance with the Chief Economic Advisor and at the Planning Commission with the Deputy Chairman. She has held roles as an economist covering Asian markets at Goldman Sachs and at UK's Department for International Development. Pranjul also holds a Master's in Economics from the University of Cambridge, UK and a BA in Economics from St.Stephen's College, New Delhi.

Dr. Sajjid Chinoy

Dr. Sajjid Chinoy is J.P. Morgan’s Chief India Economist and also serves on the Advisory Council to the 15th Finance Commission set up by the Government of India. He has previously worked at the International Monetary Fund (IMF) and McKinsey & Company. He has also previously served as a member of the RBI’s “Expert Committee to Revise and Strengthen the Monetary Policy Framework” that proposed inflation targeting in India, was a consultant to the FRBM Review Committee set up by the government to proposed a new fiscal anchor, and a member of the Indian Banks Association (IBA) Monetary Policy Group. He received his Ph.D. in economics at Stanford University.

Neelkanth Mishra

Neelkanth Mishra is a Managing Director, the India Strategist and Co-Head of Equity Strategy, Asia Pacific, for Credit Suisse. He is part of the Advisory Council to the 15th Finance Commission, and has been an advisor to committees appointed by the Government of India—such as the RNR Committee on GST and the FRBM Review Committee. Neelkanth has worked on Metals & Mining, Indian Pharmaceuticals, Taiwan IC design, semiconductor foundries and Asian tech strategy research. Prior to joining Credit Suisse, he was a Senior Technical Architect with Infosys Technologies. He has also worked with Hindustan Lever Limited and has been an entrepreneur. Neelkanth is a gold medalist from the Indian Institute of Technology, Kanpur, graduating in computer science and engineering.

Ila Patnaik

Ila Patnaik is a Professor at NIPFP. Prior to joining NIPFP, she was the Principal Economic Advisor to the Government of India, and she has also worked at the National Council of Applied Economic Research (NCAER), Indian Council for Research in International Economic Relations (ICRIER), and as Economics Editor at the Indian Express. Her main area of interest is open economy macroeconomics, including issues related to capital flows, the exchange rate regime, monetary policy, business cycles and the financial sector in the context of opening of the capital account. 

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