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Gangadhar Darbha
Dr Gangadhar Darbha holds a Ph.D. in economics from IGIDR, Mumbai and completed a Post Doctorate in Finance from The Wharton School, University of Pennsylvania. He obtained an M.A. in Economics from Gokhale Institute of Politics and Economics, Pune, and B.A. from Andhra Loyola College, Vijayawada.
He is currently employed as Executive Director, Nomura Securities. Prior to that he worked at the Royal Bank of Scotland and Morgan Stanley in London; Indian School of Business, Hyderabad; National Stock Exchange of India Ltd, Mumbai; National Institute of Public Finance and Policy, New Delhi; University of Pretoria, South Africa; and Vreij University, Amsterdam.
His research interests include Macroeconomic Modeling, Fixed Income Analytics, Global Financial markets and Central Banking. He has been a regular columnist for Financial Express, Economic Times and Business Standard.
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A right time for inflation-indexed bonds?
While the introduction of inflation-indexed bonds in India has been hailed by many as a step in the right direction, this column argues that their success will depend on how serious the government is about taming inflation. These bonds will help the government reduce its debt only if they are accompanied by anti-inflationary monetary and fiscal policies.
