Transforming Our Cities: What Malkapur can teach Delhi

In the mid-1970s, Isher Judge Ahluwalia finished her PhD thesis at the Massachusetts Institute of Technology on a macro-econometric model of the Indian economy. Her thesis adviser was Stan Fischer, who was also the adviser to one Ben Bernanke. To the best of my knowledge, this was the first such model for the Indian economy, and among the first macro-econometric models in the world.

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