Sajal Ghosh

Associate Professor, Economics

Email :
Phone : +91-124-4560309


Ph. D; M. Phil.; M. Tech.


His experience in the industry spans almost six years. .

Awards & Honors:

Ex-Member, International Association for Energy Economics

MDI Award for Excellence in Research 2010, 2012, 2014

Ex-Member of World Energy Council’s International Study Group on Energy Market Reforms..

Review Papers for reputed International Journals

Ex-Member, National Council on Energy, Confederation of Indian Industries (CII)

The paper “Growth and Oil Futures Prices in Developing Countries” got Best Paper Award in Applied Business Research (ABR) Conference, The Clute Institute For Academic Research, HAWAII - JANUARY 2-5, 2007

Biographed in Marquis "Who's Who in the World", the leading biographical reference publisher of USA, for contribution in the field of energy economics

Areas of Interest:

His areas of interest are econometrics & time series modeling¸ demand forecasting¸ energy economics¸ macroeconomics and cleaner technologies.

A. International Peer-reviewed Journals  (as on Feb 2015)

1. Ghosh S., Kanjilal K., Co-movement of international crude oil price and Indian stock market: Evidences from nonlinear cointegration tests. (2014) Energy Economics ELSEVIER, (Cited by: 2)

2. Kapoor N., Ghosh S., Long-term association between European and Indian markets on carbon credit price, (2014) Renewable and Sustainable Energy Reviews ELSEVIER, 38: 656-662

3. Kanjilal K., Ghosh S., Income and price elasticity of gold import demand in India: Empirical evidence from threshold and ARDL bounds test cointegration, (2014) Resources Policy ELSEVIER, 41: 135-142

4. Ghosh S., Kanjilal K., Long-term equilibrium relationship between urbanization, energy consumption and economic activity: Empirical evidence from India, (2014) Energy, ELSEVIER 66: 324-331 (Cited by: 7)

5. Ghosh S., Kanjilal K., Oil price shocks on Indian economy: evidence from Toda Yamamoto and Markov regime-switching VAR, (2014) Macroeconomics and Finance in Emerging Market Economies ROUTLEDGE, 7 (1): 122-139. (Cited by: 1)

6. Ghosh S., Kanjilal K.,  Modelling and forecasting of day-ahead electricity price in Indian energy exchange–evidence from MSARIMA-EGARCH model, (2014) International Journal of Indian Culture and Business Management INDERSCIENCE, 8 (3): 413-423

7. Ghosh S., Kanjilal K.,  Environmental Kuznet’s curve for India: Evidence from tests for cointegration with unknown structural breaks, (2013) Energy Policy, ELSEVIER 56:  509–515. (Cited by: 15)

8. Jain A., Ghosh S., Dynamics of global oil prices, exchange rate and precious metal prices in India, (2013), Resources Policy, ELSEVIER, 38(1): 88-93. (Cited by: 7)

9. Prosad R., Ghosh S., Telephone penetrations and economic growth: evidence from India,(2012), NETNOMICS: Economic Research and Electronic Networking, SPRINGER, doi: 10.1007/s11066-012-9067-z

10. Rao C R., Ghosh S., Monthly peak demand forecasting of electricity in India – a critic, (2012), Energy Policy, ELSEVIER, 45: 516–520. (Cited by: 6)

11. Ghosh S., Examining crude oil price – Exchange rate nexus for India during the period of extreme oil price volatility, (2011), Applied Energy, ELSEVIER, 88: 1886–1889. (Cited by: 40)

12. Ghosh S., Examining carbon emissions economic growth nexus for India: A multivariate cointegration approach (2010). Energy Policy ELSEVIER 38:  3008–3014. (Cited by: 100)

13. Ghosh S., High Speed Diesel (HSD) consumption and economic growth in India (2010). Energy-The International Journal ELSEVIER 35: 1794–1798. (Cited by: 10)

14. Ghosh S., Univariate forecasting of day-ahead electricity demand in the Northern grid of India. (2009) Int. J. Indian Culture and Business Management INDERSCIENCE 2(6): 625 – 637. (Cited by: 2)

15. Ghosh S., Examining tourism-led growth hypothesis for India, (2011),  Int. J. Indian Culture and Business Management,, INDERSCIENCE  4( 3), 347-355. (Cited by: 4)

16. Ghosh S., Electricity supply, employment and real GDP in India: evidence from cointegration and Granger-causality tests. (2009) Energy Policy ELSEVIER 37: 2926–2929. (Cited by: 74)

17. Abosedra S., Dah A., Ghosh S., Demand for Electricity in Lebanon. (2009) International Business & Economics Research Journal, INDERSCIENCE 8(1): 11-17. (Cited by: 3)

18. Abosedra S., Dah A., Ghosh S., Electricity Consumption and Economic Growth, The case of Lebanon.(2009) Applied Energy ELSEVIER 86: 429-432. (Cited by: 79)

19. Ghosh S., Import demand of crude oil and economic growth: Evidence from India. (2009)  Energy Policy ELSEVIER 37: 699 -702. (Cited by: 80)

20. Ghosh S., Univariate Time Series Forecasting of Monthly Peak Demand of Electricity in Northern India (2008) International Journal of Indian Culture and Business Management  INDERSCIENCE  1(4): 466 – 474. (Cited by: 13)

21. Abosedra S., Ghosh S., Oil Futures Prices, Economic Growth, and Causality in Jordon, Tunisia & Turkey (2007) Middle East Business And  Economic Review, INTERNATIONAL CENTRE FOR MIDDLE EAST BUSINESS AND ECONOMIC RESEARCH, AUSTRALIA 6(8): 43-50.

22. Ghosh S., Investment opportunities in Indian energy sector (2007) Int. J. Indian Culture and Business Management, INDERSCIENCE 1(1/2): 64 – 81. (Cited by: 6)

23. Abosedra S., Ghosh S., Growth and Oil Futures Prices in Developing Countries (2007),  International Business & Economics Research Journal INDERSCIENCE 6(8): 43-50. (Initially Published in the proceedings of Applied Business Research (ABR) Conference, The Clute Institute For Academic Research, HAWAII - JANUARY 2-5, 2007. The paper also got Best Paper Award) (Cited by: 2)

24. Ghosh S., Forecasting Monthly Peak Demand for Power (2007), Forecasting Letters, 1(3): 6-13

25. Ghosh S., Future demand of petroleum products in India, (2006), Energy Policy ELSEVIER 34: 2032 – 2037. (Cited by: 38)

26. Ghosh S., Steel consumption & economic growth: evidence from India (2006),Resources Policy ELSEVIER 31: 7 -11. (Cited by: 26)

27. Ghosh S., Raghuraman V., Indo-US Cooperation in Energy – Indian Perspective (2003), Occasional Paper Series,  Atlantic Council, USA. (Cited by: 16)

28. Ghosh S., Naik AV, Raghuraman V.,  Energy Security Issues – India (2003), Occasional Paper Series, Atlantic Council, USA. (Cited by: 2)

29. Ghosh S., Raghuraman V., Power from Renewables- Indian Perspective (2002), Published in the Proceedings of “International Conference & Exhibition on Energy 2002” at Yogyakarta, Indonesia.

30. Ghosh S., Sustainable energy policy to promote clean air in India (2001), Occasional Paper Series, Atlantic Council, USA. (Cited by: 9)

31. Ghosh S.,  Das A., Short-run electricity demand forecasts in Maharashtra (2002), Applied Economics ROUTLEDGE 34(8); 1055-1059. (Cited by: 7)

32. Ghosh S., Electricity consumption and economic growth in India (2002), Energy Policy ELSEVIER 30(2): 125-129. (Cited by: 323)

B. National Peer-reviewed Journals

1. Ghosh S., Petroleum consumption and economic growth: evidence from China and some South Asian countries (2009) Journal of Resources, Energy & Development TERI 6(1): 1-8.

2. Ghosh S., Basu S., The causal relationship between coal and gas consumption with economic growth in India (2006), Journal of Resources, Energy & Development TERI 3(1): 13 – 20. (Cited by: 8)

3. Ghosh S., Kanjilal K., Future industrial Co2 emission and consequences of Co2 abatement strategies on Indian economy (2003),. Pacific And Asian Journal of Energy, TERI 12(2): 123-128.

4. Ghosh S., Indian electricity sector: a cointegration analysis (2001), Pacific and Asian Journal of Energy TERI 11 (1): 5-9.

C. Newspaper Articles

1. Clean coal technology, despite Clinton (Aug 18 2009) Economic Times

2. Freeing up prices of all petrofuels will encourage competition (Nov 5, 2011), Economic Times

3. The possibility of a sane fuel policy (Dec 22, 2011), MINT

4. Solutions to the fuel crisis (12 June, 2012), Economic Times

5. Coming down to earth: Why solar power isn’t a big deal (Nov 9, 2013), Economic Times,

6. India’s sham fuel pricing regime boosts subsidies (Oct 8, 2013) Economic Times

7. The conundrum of coal allocations (DEC 16 2014), MINT

8. India’s trouble with gold demand (DEC 08 2014), MINT

ˇ   Applied Econometrics

ˇ   Energy Markets

ˇ   Demand Forecasting

ˇ   Microeconomics

Time Series Modeling & Forecasting of Energy & Financial Markets.