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Economic Research
Photo of Bejoy Das Gupta

Bejoy Das Gupta

Deputy Director
Asia/Pacific
Coverage: India, Indonesia, Malaysia, Thailand

Bio

Dr. Bejoy Das Gupta has more than twenty years experience in the analysis of macroeconomic policy, capital flows and financial sector; communicating research to bankers, asset managers and senior officials; and providing policy advice, leading missions and organizing/participating in conferences. He is currently the Deputy Director of the Asia/Pacific Department at the IIF. He has been responsible for analyzing emerging markets in the Asia/Pacific region for the IIF since 1993, including close collaboration with central bankers, senior government officials, bankers and asset managers. He has led the work on India, Indonesia, Thailand and Malaysia. Dr. Das Gupta previously served as Economist for the International Lead and Zinc Study Group in London, an inter-governmental commodity organization, and in investment banking with Grindlays Bank.

Education

After graduating from the London School of Economics, he received M.Phil. and D.Phil. in Economics from Christ Church, Oxford. He is recipient of several prizes, including the AMEX Bank Review Awards in International Economics and Finance in 1988. He was born in Calcutta, India, where he completed his early education.

Publications

  • India: Policy Moves Augment Capital Inflows
    May 29, 2013

    Investor-friendly measures and greater global appetite have precipitated a surge in foreign purchases of domestic stocks and bonds. The economy will benefit over the near term, although greater foreign involvement and incomplete adjustment raises the risk of financial market volatility.

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  • Malaysia: Looking Beyond the National Elections
    May 09, 2013

    Although tarnished by opposition allegations of electoral irregularities, as well as the failure to secure a majority of the popular vote, the recent election win is good enough for Prime Minister Najib to consolidate his position in the upcoming ruling party leadership contest and advance his program emphasizing national unity, improved governance, gradual structural reforms and greater investment.

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  • Malaysia: Facing an Electoral Hurdle
    April 30, 2013

    The return to trend growth and supportive policies leave the Barisan Nasional (BN) government of Prime Minister Najib Razak well placed to win the closely-contested national elections on May 5. While a BN victory has been largely priced in by financial markets, there is the possibility of a post-election sell-off in the event of a hung parliament or a narrow opposition win, which would mean the first non-BN government since independence.

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  • India: Inflation is Moderating
    April 26, 2013

    Subdued domestic demand, falling commodity prices and improving agricultural supply are contributing to a decline in the high inflation rate. The central bank is likely to take the opportunity of lower inflation, fiscal restraint and the efforts to alleviate supply constraints to persevere with gradual monetary easing.

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  • India: Fiscal Deficit Contained
    April 05, 2013

    The government’s renewed commitment to containing the large fiscal imbalance is underscored by stepped-up spending restraint since September, although the new budget is cast with a view to the national elections in mid-2014.

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  • Indonesia: Energy Subsidies Raise Concerns
    March 12, 2013

    Subsidies have become a pressing problem in the current context of the emergence of an external constraint for the first time in more than a decade. In the absence of corrective fiscal and monetary steps, pressures for a market-induced adjustment are likely in the run-up to next year’s national elections.

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  • Thailand: Rice Problem Not Going Away
    February 28, 2013

    The government is persevering with its generous rice price-support program. Falling exports, rising stocks and large fiscal costs suggest that the government will come under increasing pressure to scale back the program and sell more of its burgeoning inventory in world markets.

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