Dr. Debashis Acharya

Ph.D. (University of Hyderabad)

Professor, School of Economics, University of Hyderabad

Gachibowli, Hyderabad-500046(India)

Tel (Off):+91-40-23133124/23133100

Email: debashisacharya@uohyd.ac.in 

Scopus Id: 26654066000

Google scholar ID: GOhScbYAAAAJ

Web of Science Researcher ID AAD-5781-2019

ORCID 0000-0003-2378-2992

Associate Editor, Asia-Pacific Journal of Regional Science, Springer.

Associate Editor, Indian Economic Journal, Sage.


PhD (Economics), 1998, University of Hyderabad.

M.Phil (Economics), 1995, Ist Div, University of Hyderabad.

M.A. (Economics), 1994, Ist Div, University of Hyderabad.

B.A. (Hons) (Economics), 1992, Ist Div with Distinction, Ravenshaw College, Cuttack.

Higher Secondary (Science), 1989, 1st Div, Ravenshaw College, Cuttack

Secondary School Certificate, 1987, 1st Div, Secondary Board High School, Cuttack


Professor, School of Economics, University of Hyderabad, 2013

Associate Professor/Reader, School of Economics, University of Hyderabad, 2009 -2013

Assistant Professor, Dept. of HSS, Indian Institute of technology Madras, 2003-2009

Lecturer, Dept. of Economics, Panjab University, Chandigarh, 1998-2003


Visiting fellow, Planning and Policy Research Unit, Indian Statistical Institute, New

Delhi, February –April 1998.

UGC Senior Research Fellow (SRF), Department of Economics, University of Hyderabad, July

1996 to February 1998.

UGC Junior Research Fellow (JRF), Department of Economics, University of Hyderabad, July

1994 to July 1996.


Macro -Monetary Economics

Financial Economics

Inclusive Finance


Courses taught at University of Hyderabad (2009-till date)

MA Economics and Integrated Masters Economics

Macroeconomics, Money, Banking and Financial Markets, Principles of Economics, Financial Economics, International Trade and Payments

Courses taught at IIT Madras (2003-2009)

B.Tech. MBA and Integrated Masters (Economics)

Macroeconomics, Principles of Economics, Indian Economy, Econometrics, International Finance, Applied Econometrics.

Courses taught at Panjab University(1998-2003)

Quantitative methods, Public Finance, Monetary Economics, Applied Econometrics.


UGC visiting fellow, Gokhale Institute of Politics and Economics, February 28-March4, 2011 and March 21-March28, 2011.

Visiting Faculty, Dept. of HSS, IIT Hyderabad, Jan-May2009.



        Parida Tapas K and Debashis Acharya (2017), The Life Insurance Industry in India: Current State and Efficiency, Palgrave Macmillan (Springer Nature), ISBN 978-981-10-2232-6


  • Acharya Debashis, Badri Narayan Rath, and Tapas Kumar Parida(2021), “Convergence in Monthly Per Capita Expenditure and the Rural–Urban Dichotomy: Evidence from Major Indian States”, in Amitrajeet A. Batabyal, Yoshiro Higano, Peter Nijkamp(Eds.) Rural–Urban Dichotomies and Spatial Development in Asia, New Frontiers in Regional Science: Asian Perspectives, Singapore, https://doi.org/10.1007/978-981-16-1232-9, p.229-247
  • Erra, K.S.S. and Acharya, D. (2021), "Financial inclusion across major Indian states: some spatial panel econometric evidence", International Journal of Social Economics, Vol. 48 No. 3, pp. 419-436. https://doi.org/10.1108/IJSE-06-2020-0392
  • Acharya Debashis (2021) Cryptocurrencies in India: Proposed Regulations and the Future, EMERiCs, Korean Institute for International Economic Policy, https://www.emerics.org:446/issueFileDownload.es?brdctsNo=317346&brdctsFileNo=81521.
  • Bhat Sajad Ahmad, Bandi Kamaiah and Debashis Acharya (2020), Examining the differential impact of monetary policy in India: a policy simulation approach, Journal of Economics, Finance and Administrative Sciences, DOI 10.1108/JEFAS-05-2019-0072.
  • Y N Raju and Debashis Acharya, (2020) Revisiting the Volatility- Growth relationship: Some cross-country evidence, 1978–2017, Cogent Economics & Finance, 8:1, 1826655
  • Acharya Debashis and Erra Kamal Sai Sadhrama(2020), “Non-Banking Financial Company-Microfinance Institutions Sector in India: Current Policy Issues and Challenges, Arthik Charche, FPI Journal of Economics and Governance, 5(1), 3-14. 
  • Sethi Dinanbandhu and Debashis Acharya(2020), “Monetary Policy and Financial Stability: The Role of Inflation Targeting”, The Australian Economic Review, Volume 53, Issue 1, 1 March 2020, Pages 50-75
  • Acharya D., Sahoo B.K., Venkatachalapathy T.K. (2019) Health System and Health Expenditure Productivity Changes in Indian States: Has It Changed for the Better in the Post-reform Period?. In: Batabyal A., Higano Y., Nijkamp P. (eds) Disease, Human Health, and Regional Growth and Development in Asia. New Frontiers in Regional Science: Asian Perspectives, vol. 38. Springer, Singapore, https://doi.org/10.1007/978-981-13-6268-2_4.
  • Sahoo Pradipta Kumar, Dinabandhu Sethi, Debashis Acharya(2019), "Is bitcoin a near stock? Linear and non-linear causal evidence from a price–volume relationship", International Journal of Managerial Finance, Volume 15, Issue 4, 5 August 2019, Pages 533-545
  • Sethi Dinabandhu and Debashis Acharya(2018), “ Financial Inclusion and Economic Growth linkage: Some Cross Country Evidence, Journal of Financial Economic Policy, Volume 10, Issue 3, p. 369-385.
  • Lagesh M A, Maram Srikanth, and Debashis Acharya(2018), “Corporate Performance during Business Cycles: Evidence from Indian Manufacturing Firms”, Global Business Review, Volume 19, Issue 5, 1 October 2018, Pages 1261-1274
  • Sethi Dinabandhu and Debashis Acharya(2019), “ Credibility of inflation targeting: some recent Asian evidence, Economic Change and Restructuring, 2017, Volume 52, Issue 3, 1 August 2019, Pages 203-219
  • Sethi Dinabandhu and Debashis Acharya(2018) , “Estimating Sectoral Disinflation Cost in India: Some Structural VAR Evidence”, Journal of Quantitative Economics, DOI 10.1007/s40953-017-0109-0, 16(1), 23-46.
  • Dinabandhu Sethi , Wing-Keung Wong , and Debashis Acharya(2018), “ Can a Disinflationary Policy Have a Differential Impact on Sectoral Output? A Look at Sacrifice Ratios in OECD and Non-OECD Countries”, Margin—The Journal of Applied Economic Research, 12 : 2 (2018): 1–32, DOI: 10.1177/0973801017753260
  • Acharya, Debashis., and Sahoo, B. K. (2017) Dynamic Macroeconomic Performance of Indian States: Some Post Reform Evidence. In A. Batabyal and Peter Nijkamp (eds.), Regional Growth and Sustainable Development in Asia (Chapter 9, pp. 181-197), New Frontiers in Regional Science: Asian Perspectives 7, Switzerland: Springer. ISBN 978-3-319-27587-1, DOI: 10.1007/978-3-319-27589-5_9
  • Tapas K Parida and Debashis Acharya(2016), “Competition in Indian life insurance industry: post liberalisation evidence”, International Journal of Business Competition and Growth, 5(1-3), pp. 110 –136, http://www.inderscienceonline.com/doi/abs/10.1504/IJBCG.2016.079944
  • Sahoo, P K and Debashis Acharya(2015), “Monetary Aggregates, Output, and Price in India: Do Weighted Monetary Aggregates Outweigh Simple Sum Ones? ”, GITAM Review of International Business, Vol 7, Issues1&2, pp.1-28
  • Jain V, A K Gopalaswamy, and Debashis Acharya(2014), Dynamic linkages between foreign direct investment and domestic investment: evidence from emerging market economies, International Journal of Economics and Business research, Vol 8, No.1, pp.1-20 4.
  • Mahalik M K, Debashis Acharya, and M Suresh Babu(2014), Price discovery and volatility spillovers in futures and spot commodity markets: Some Indian evidence, Journal of Advances in Management Research, Vol 11, No.2, 211-226
  • Ganti Subrahmanyam  , Sridhar Telidevara a & Debashis Acharya(2013), “Perverse liquidity effect of monetary policy: some evidence for India”, Macroeconomics and Finance in Emerging Market Economies, DOI:10.1080/17520843.2013.77393
  • Sahoo B K and Debashis Acharya (2012), “Constructing macroeconomic performance index of Indian States using DEA”, Journal of Economic Studies, Vol39, No1, p.63-83.
  • Sahoo B.K. and Debashis Acharya(2010), “An Alternative Approach to Monetary  Aggregation in DEA”, European Journal of Operational Research, Elsevier, Vol.24, Issue 3, pp.672-682, august 2010
  • Panda P K and Debashis Acharya(2011), Stock Market Integration: Evidence from Indian and Other Major World Stock Markets, Indian Journal of Economics and Business, Vol10, No.4, pp.605-621
  • Shijin S, G Arun Kumar and Debashis Acharya(2012), “Dynamic Risk- Return relation with Human capital: A study on Indian markets”, International Journal of Emerging Markets, Emerald, Vol6, Issue2.
  • Joshi Ajit R and Debashis Acharya, “ Inflation Model for India in the context of Indian Economy”, South Asia Economic Journal, Vol12, I, pp.39-59, 2011 (March)
  • Joshi Ajit R and Debashis Acharya, “Commodity prices and domestics inflation in India”, Global Journal of Emerging Market Economies, Vol3, Issue 2, pp.223-244,May 2011.
  • Acharya, Debashis, S. Amanulla and Sara Joy, “Financial Development and Economic Growth in Indian States: An examination”, International Research Journal of Finance and Economics, Euro Journals, UK, , Issue 24, p.117-130, 2009.
  • Gopalaswamy Arun Kumar, Debashis Acharya, and Jaideep Malik, “Stock Price Reaction to Merger Announcements: An Empirical Note on Indian Markets”, Investment Management and Financial Innovations, Business Perspectives, Vol. 5, Issue 1, p.95-103, 2008.
  • Sahoo Biresh K, and Debashis Acharya, “Examining the Total factor productivity change in Radial and Non-radial DEA models: An Application to Indian Commercial Banks”, International Journal of Applied Economics and Econometrics, Vol.15, No.4, pp.383-405, 2007.
  • Acharya, Debashis and Arun Kumar Gopalaswamy, “Evidence from A New Currency Equivalent Monetary Aggregate”, Banks and Bank Systems, Business Perspectives, Volume 2 Issue 4, p.101-106, 2007
  • Dash, Umakant, S.D.Vaishnavi, V.R.Muraleedharan and Debashis Acharya, “Benchmarking the Performance of Public Hospitals in Tamilnadu– An Application of Data Envelopment Analysis”, Journal of Health Management, Vol. 9, No.1, pp.59-74, 2007
  • Sidana, Gajendra and Debashis Acharya, “Classifying Mutual funds in India: Some Results from Clustering”, Indian Journal of Economics and Business, Vol. 6, No.1, pp.71-79, 2007
  • Jena P K, P Goyari, and Debashis Acharya(2014) , “Dynamic Relationship between Stock Markets, Crude Oil and Gold Futures Markets: An Empirical analysis of India”,  Risk Management in Banking, Insurance, and Financial Services, Publisher: Academic Foundation, Editors: Mishra R K et.al.  Academic Foundation.
  • Acharya, Debashis and B. Kamaiah, “A Search for some separable Monetary Asset Blocks: The Indian Case”, in Anant Vasudevan, D.M. Nanchane and A.V. Karnik(Ed.), Fifty Years of Development Economics: Essays in Honour of Professor P R Brahmananda, Himalayan Publishing House, pp.281-289, 1999
  • Padhi, S.P. and Debashis Acharya, “Financial Development and Economic Growth: An Empirical Note”, in P.P. Arya and B.B. Tondon( Ed.) Economic Reforms in India from First to Second Generation and Beyond, Deep and Deep, New Delhi, pp.274-286, 2003. 

Select Sponsored Research Projects and Consulting Completed


Sponsoring Organisation

Title of Project

Amount of Grant



Liberalisation, State and Society: Economic, Social, and Political Transformation in Rural Odisha

INR 25,00,000/-

2015-16 -


IMTFI, Univ. of California, Irvine

Assesing Need and Feasibility for using Pre-paid Cards for Microfinance Customers



Indian Institute of Banking and Finance’s Macro Research Award

Financial Inclusion: Why Not Happened?



UGC, New Delhi

Competition in Insurance Sector: Issues and Evidences



Additional Director, Institution of Eminence Directorate, Oct 01, 2019- Oct 9, 2020

Dean, Students Welfare, July 7 2017 to Sept. 24 2019

Finance Officer In/Charge, July 16, 2016 - Nov 20, 2016

Chief Warden of hostels, Sept 7, 2012- Sept. 30 2014


Member, ICSR Board, 2007-2008, IIT Madras.

Member, Guidance and Counselling Unit, 2006-2008, IIT Madras.

Member, SAARANG Committee, 2007, IIT Madras.