Finance Research Group, Indira Gandhi Institute of Development Research is currently recruiting full time researchers for its Mumbai Office in the following areas:

Policy research on data management in bankruptcy

The Insolvency and Bankruptcy Code, 2016, envisages a new industry of `information utilities' (IUs). We require a policy researcher who will develop expertise on the working of this industry, have thorough knowledge of the processes, critically evaluate regulations and critique the developments in the policy space. This work will require mastery of information systems, finance and banking domain knowledge, knowledge of the Indian bankruptcy reforms, the Insolvency and Bankruptcy Code and the IU regulations issued by IBBI.

Policy research in payments

We require a policy researcher who will work on:

  • The legal framework of the payments and settlement systems, India and global.
  • Clearing in the area of payments.
  • Optimal competition policy in payments.
  • Policy issues and market barriers in payment systems, and how to design policy to ensure a vibrant fintech ecosystem.

The work profile will include studying contemporary policy developments, developing a point of view on the required reforms, writing policy papers and blog articles, running policy roundtables, etc.

Quantitative research on financial markets

Our research program on financial markets requires staffing in:

  • Measuring and monitoring market quality of exchange traded securities. The measures aim to capture changes in price efficiency, liquidity and volatility over time. This will involve using modern statistical techniques, doing parallel computation with high frequency data in R.
  • Impact of changes in regulations on market quality.
  • Evaluation of proposed regulations, and development of a cost-benefit analysis of the same.
Suitable candidates can send their resumes and a brief statement of purpose to Ms. Jyoti Manke at

Jyoti Manke
Program Manager

Indira Gandhi Institute of Development Research
A.K. Vaidya Marg,
Goregaon East,
Mumbai - 400065
Phone: (+91) (022) 28416592
Mobile: (+91) 9820 520180