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.

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 2017

IERA Award

Presentation of Exim BankInternational Economic Research Annual (IERA) Award 2017 to Dr. Amrita Saha by Dr. T.C.A Anant, Head of Department, Department of Economics, Delhi School of Economics, University of Delhi (center), in presence of Mr. David Rasquinha, Managing Director, Export-Import Bank of India (extreme left) and Mr. T.C.A. Ranganathan former Chairman and Managing Director of Export-Import Bank of India (extreme right) at the Award Function held in New Delhi on August 09, 2018.



Exim Bank has instituted an annual Award for promoting doctoral research in international economics, trade, development and related financing. The objective of this Award is to promote research in international economics, trade, development and related financing by Indian nationals at universities and academic institutions in India and abroad. The Award consists of prize money of Indian Rupees Three Hundred and Fifty Thousand (₹ 3.5 Lakh) and a Citation. The Award was instituted in 1989.

  • Year

    Winner and Award Winning Thesis

  • 2016

    Dr. Isha Chawla: The Internationalisation of Indian Firms through Outbound Foreign Direct Investment: Nature, Determinants and Developmental Consequences

  • 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

Exim Bank of India BRICS Economic Research Award


Presentation of Exim Bank of India’s BRICS Economic Research Award 2017 by Mr. Hu Huaibang, Chairman, China Development Bank, to the Award winner, Dr. Raquel Almeida Ramos in the presence of Heads of the member development banks from BRICS, during the 7th Annual BRICS Financial Forum hosted by China Development Bank in Beijing, China on September 01, 2017.

Background of the Award

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 DesenvolvimentoEconomico 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. In the context of India’s Chairmanship of the BRICS Forum during 2016, and under Exim Bank’s Presidency of the BRICS Interbank Cooperation Mechanism, Exim Bank instituted the BRICS Economic Research Award in March 2016. The BRICS Economic Research Award represents Exim Bank’s on-going efforts at promoting research in the area of international economics, trade & development and related financing.

The Award

The objective of the Award is to stimulate and encourage advanced doctoral research on Economics and related topics of contemporary relevance to the member nations of BRICS. The Award comprises prize money of Indian Rupees 1.5 million (approximately USD 23,000) sponsored by Exim Bank, a medal and a citation. Doctoral 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, are eligible to participate and receive the Award.

Entry for BRICS Award 2018

The Award accepts as entries, doctoral thesis written by nationals of any of the five member nations of BRICS, who have been awarded a doctorate or accepted for award of a doctorate from any University or academic institution globally, during the period January 2013 to March 2018. The broad focus of the eligible theses could be International Economics, Trade, Development, and related aspects of Financing, which may also have particular relevance especially to BRICS nations/ member development banks of BRICS. The last date for receiving entries is March 31, 2018.

Click here download the application form
Click here to download terms and conditions in English
Click here to download terms and conditions in Chinese
Click here to download terms and conditions in Russian
Click here to download terms and conditions in Portuguese
  • Year

    Winner and Award Winning Thesis

  • 2017

    Dr. Raquel Almeida Ramos: Financialization and its Implications on the Determination of Exchange Rates of Emerging Market Economies

  • 2016

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