Noted economist Surjit Bhalla has resigned from the Prime Minister Economic Advisory Council (PMEAC). His resignation has been accepted by the Government.
“I resigned as part-time member PMEAC on December 1…” Bhalla tweeted early this morning. He was appointed as a member to PMEAC which is a non-constitutional, non-permanent and independent body constituted to give economic advice to the Government of India, specifically to the Prime Minister. The council is headed by another noted economist Bibek Debroy.
Bhalla is a Senior India Analyst for the Observatory Group, a New York based macroeconomic policy advisory firm and Chairman of Oxus Research & Investments. He has taught at the Delhi School of Economics and served as executive director of the Policy Group in New Delhi, the country’s first non-government funded think tank. Since 1999, he has been on the governing board of India’s largest think tank, NCAER.
He has worked as a research economist at the Rand Corporation, the Brookings Institution, and at both the research and treasury departments of the World Bank, and as a consultant to Warburg Pincus. He has also worked on Wall Street in Deutsche Bank and Goldman Sachs.
He is the author of several academic articles as well as three books on globalization and its effects on the world economy. He is the author of Imagine There’s no Country (2002), Devaluing to Prosperity (2012), and most recently (2017) The New Wealth of Nations. His first book, Between the Wickets: The Who and Why of the Best in Cricket (1987), developed a model for evaluating performance in sports and was published in 1987.
Bhalla is also a regular contributor (over 1,300 articles) to Indian newspapers, magazines, and television on financial markets, economics, politics and cricket. He is a contributing editor for Indian Express.
He holds a PhD in Economics from Princeton University, a Master in Public and International Affairs from Woodrow Wilson School, Princeton University, and a BSEE degree from Purdue University.