With a view to encourage and stimulate advanced economic research in international economics, trade, development, and related financing at universities and academic institutions in India and abroad, the Export-Import Bank of India has instituted two international awards viz. the International Economic Research Annual (IERA) Award and the BRICS Economic Research Annual Award (BRICS Award). These initiatives represent the Bank’s ongoing efforts at promoting economic research and analysis, thereby contributing to policy formulation.

For further information about the Award, please contact us at or T: +91-22-2217 2701/ 2708.

Exim Bank of India BRICS Economic Research Award

Export-Import Bank of India announces the BRICS Economic Research Award for 2017. This is the second annual research award being conferred by Exim Bank with a view to promote research relevant to the economies of BRICS countries.

IERA Award
Download the Application Form
Submit your entries by e-mail before May 22, 2017 on

Research thesis of nationals of any of the five member nations of BRICS, i.e. Brazil, Russia, India, China and South Africa, who have been awarded a Doctorate or who have submitted thesis for a Doctorate from any recognized nationally accredited University or academic institution globally, during the period January 2012 to March 2017, are eligible to participate and receive the Award. All entries must be received by Exim Bank on or before May 22, 2017.

The subject matter of the thesis can be research in international economics, trade, development and related financing. Issues of relevance to BRICS nations/ member development banks of BRICS such as those pertaining (but not limited) to international economics, foreign trade, development and related financing, foreign direct investments, joint ventures, international competitiveness, policies impacting trade and investment, monetary and fiscal interventions would be of interest. Credit would be given for originality, clarity of presentation and relevance to BRICS context.

Within the BRICS framework, Exim Bank has taken a leadership role of promoting research on trade related areas concerning the BRICS economies. The Award comprises a Citation and prize money of `1.5 million (equivalent) (approximately USD 20,000) which is sponsored by Exim Bank. The objective of the Award is to stimulate and encourage advanced (doctoral) research on economics related topics of contemporary relevance to the member nations of BRICS.

Click here to download the terms and conditions.
Click here to download the terms and conditions in Portuguese.
Click here to download the terms and conditions in Russian.
Click here to download the terms and conditions in Chinese.

The first BRICS Economic Research Award was presented to Dr. Joao Prates Romero in October 2016 during the BRICS Summit held in Goa in India.

Exim Bank is the nominated member development bank under the BRICS Interbank Cooperation Mechanism, along with other nominated member development banks from member nations of BRICS namely Banco Nacional de Desenvolvimento Economico e Social (BNDES), Brazil; State Corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank), Russia; China Development Bank Corporation (CDB), China, and Development Bank of Southern Africa (DBSA), South Africa. Exim Bank is also a signatory to the multilateral cooperation agreement signed among the member development banks of member nations of BRICS.

The Winner of the Award will be announced during the Annual BRICS Summit in September 2017.

  • Year

    Winner and Award Winning Thesis

  • 2016

    Dr. João Prates Romero: Technical Progress and Structural Change: The Roles of Demand and Supply in Economic Growth

The objective of the IERA Award is to stimulate advanced doctoral research by Indian nationals in international economics, trade, development, and related financing at universities and academic institutions in India and abroad. The Award consists of a prize amount of ` 3,50,000/- (Indian Rupees Three Hundred and Fifty Thousand only) and a citation.

Exim Bank Announces the Winner of IERA Award 2015

IERA Award

Presentation of Exim Bank IERA Award 2015 by Dr. Arvind Subramanian, Chief Economic Adviser, Government of India, Ministry of Finance, to the Award winner, Dr. Chinmay Tumbe in the presence of Mr. Yaduvendra Mathur, Chairman & Managing Director, Export-Import Bank of India and Mr. David Rasquinha, Deputy Managing Director, Export-Import Bank of India at the Award Function held in New Delhi on September 14, 2016.

  • Year

    Winner and Award Winning Thesis

  • 2015

    Dr. Chinmay Tumbe: Migration and Remittances in India

  • 2014

    Dr. V. Kalyan Shankar: Value Addition Chains and Trade in Manufactured Commodities in Southeast Asia

  • 2013

    Dr. Anwesha Aditya: Trade Liberalisation, Product Variety and Growth

  • 2012

    Dr. Harendra Kumar Behera: The Effects of Financial Openness: An Assessment of the Indian Experience

  • 2011

    Dr. Brijesh Pazhayathodi: Exports of Services and Offshore Outsourcing: An Empirical Investigation in the Indian Context.

  • 2010

    Dr. Narayan Chandra Pradhan– Openness and Growth of the Indian Economy: An Empirical Analysis

  • 2009

    Dr. Debasis Mondal – Innovation, Imitation and North South Trade: Economic Theory and Policy

  • 2008

    Dr. Ramaa Vasudevan - International Trade, Finance and Money: Essays in Uneven Development

  • 2007

    Dr. Arjun Jayadev -- Financial Liberalisation and its Distributional Consequences: An Empirical Exploration

  • 2006

    Dr. (Ms.) Monica Das -- Theory & Empirical Evidence on the Ecology versus Economy Debate: A Non-Parametric Estimation of the SURE Model and an Application to a General Equilibrium Model of Trade & Investment

  • 2005

    Dr. (Ms.) Rashmi Banga - The Nature, Pattern and Impact of Japanese and US Foreign Direct Investments in Indian Manufacturing

  • 2004

    Dr. (Ms.)Prachi Mishra - Essays on Globalization and Wages in Developing Countries

  • 2003

    Dr. Debkusum Das - Some Aspects of Productivity Growth and Trade in Indian Industry. Dr. C. Veeramani - Intra-Industry Trade under Economic Liberalisation: An Analysis of India Manufacturing Sector.

  • 2002

    Dr. Praveen Kumar - Increasing Wage Inequality - Role of Changing Trade, Technology and Factor Endowments. Dr. Brati Sankar Chakraborty - Essays on Trade in Goods and Factor Movements Under Increasing Returns to Scale

  • 2001

    Dr. Sajjid Chinoy - Currency Risk Premia and Unhedged, Foreign Currency Borrowing in Emerging Markets

  • 2000

    Dr. (Ms.) Sujata Verma -The Architecture of the International Capital Markets: Theory and Evidence Dr. Uday Bhanu Sinha - On Some Implications of Imperfect Market Structures: International Technology Transfer and Instability of Joint Ventures in Developing Economies

  • 1999

    Dr. (Ms.) Poonam Gupta - Essays in International Economics

  • 1998

    Dr. Avik Chakrabarti - Foreign Direct Investment and Host Country Interaction: A Strategic Approach. Dr. Arijit Mukherjee - International Joint Ventures and Technology Transfers in Developing Economies: Theoretical Analyses.

  • 1997

    Dr. Rajat Acharyya - Theoretical Aspects of Liberal Trade Policies in Transitional Economies: Exchange Rate, Competition and Exports.

  • 1996

    Dr. Avadhoot Nadkarni - India's Exchange Rate under the Basket Arrangement: An Exposition and Evaluation. Dr. Laveesh Bhandari - International Technology Transfer: Contracts, Learnings and Alliances.

  • 1995

    Dr. Aditya Bhattacharjea - Essays in Industrial Organisation and Strategic Trade Policy for Developing Countries.

  • 1994

    Dr. A. Prasad - External Debt of Developing Countries: A case study of India. Dr. (Mrs.) Ashwini Deshpande - Some Aspects of International Debt of Developing Countries.

  • 1993

    Dr. Mathew Joseph - Exchange Rates Regime of Less Developed Countries Dr. Tarun Kabiraj - Some Aspects of Technology Transfer: Theory and Policy

  • 1992

    Dr. Subhayu Bandopadhyay - Export Taxation in a Multicountry General Equilibrium Framework.

  • 1991

    Dr. (Ms.) Neelam Singh -Foreign Ownership, Size and Performance of a Firm: A Case Study of Indian Pharmaceutical Industry.

  • 1990

    Dr. Sebastian Morris - Foreign Direct Investments from India: 1964-83. Dr. Prabhirjit Sarkar - The Post War Terms of Trade Controversy: A Re-Examination.

  • 1989

    Dr. Nagesh Kumar - Foreign Controlled Enterprises in Indian Industry