Sajal Ghosh

Associate Professor, Economics
Editor - Vision - Journal of Business Perspective
Area Chairperson - Economics

Email :
Phone : +91-124-4560309


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


His experience in the industry spans almost six years. .

Awards & Honors:

In an article “Research productivity in management schools of India during 1968-2015: A directional benefit-of-doubt model analysis” published in OMEGA - The International Journal of Management Science, one of the topmost management journal by ELSEVIER, Sajal Ghosh ranked 4th in top 5% productive researchers in management domains for the period 2004-05 to 2014-15 and ranked 2nd among top 10 experts in Economics 

Editor, Vision – The Journal of Business Perspective, SAGE (2012 – 2015)

MDI Award for Excellence in Research 2010, 2012, 2014

Ex-Member, International Association for Energy Economics

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

Review Papers for 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

Areas of Interest:

Energy Economics

Econometrics & Time Series Modeling

Cleaner Technologies


(As on August 2017, Sajal Ghosh has an h-index of 15, i-10 index of 22 and over 1600 citations in Google Scholar)

1. Kanjilal K., Ghosh S. Revisiting income and price elasticity of gasoline demand in India: New evidence from cointegration tests. (2017) Empirical Economics SPRINGER DOI 10.1007/s00181-017-1334-2 

2. Kanjilal K., Ghosh S. Dynamics of crude oil and gold price post 2008 global financial crisis–New evidence from threshold vector error-correction model. (2017) Resources Policy ELSEVIER 52: 358-365

3. Hairat MK., Ghosh S. 100 GW solar power in India by 2022 - A critical review. (2017) Renewable and Sustainable Energy Reviews ELSEVIER 73: 1041-1050.  

4. Singhal S., Ghosh S. Returns and volatility linkages between international crude oil price, metal and other stock indices in India: Evidence from VAR-DCC-GARCH models. (2016) Resources Policy ELSEVIER 50: 276-288.

5. Sharma SK., Ghosh S. Short-term wind speed forecasting: Application of linear and non-linear time series models. (2016) International Journal of Green Energy Taylor & Francis 13(14): 1490-1500.

6. Bondia R., Ghosh S.,  Kanjilal K. International crude oil prices and the stock prices of clean energy and technology companies: Evidence from non-linear cointegration tests with unknown structural breaks. (2016)  ENERGY-The International Journal ELSEVIER 101; 558-565. 

7. Jain A.,  Biswal PC., & Ghosh S. Volatility–volume causality across single stock spot–futures markets in India. (2016)  Applied Economics, ROUTLEDGE DOI: 10.1080/00036846.2015.1136401

8. Ghosh S., Kanjilal K. Co-movement of international crude oil price and Indian stock market: Evidences from nonlinear cointegration tests. (2014) Energy Economics ELSEVIER, 53: 111-117. 

9. 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.

10.nKanjilal 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.

11. Ghosh S., Kanjilal K. Long-term equilibrium relationship between urbanization, energy consumption and economic activity: Empirical evidence from India. (2014) ENERGY –The International Journal, ELSEVIER 66: 324-331.

12. 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. 

13. Ghosh S., Kanjilal K. Modeling 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.

14. 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. 

15. 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. 

16. 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

17. Rao CR., Ghosh S. Monthly peak demand forecasting of electricity in India – a critic. (2012) Energy Policy, ELSEVIER, 45: 516–520. 

18. 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. 

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

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

21. 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. 

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

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

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

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

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

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

28. 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.

29. 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.

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

31. 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) 

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

33. Ghosh S. Future demand of petroleum products in India. (2006) Energy Policy ELSEVIER 34: 2032 – 2037. 

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

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

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

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

38. Ghosh S., Naik AV., Raghuraman V.  Energy Security Issues – India. (2003) Occasional Paper Series, Atlantic Council, USA. 

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

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

41. Ghosh S. Electricity consumption and economic growth in India. (2002)  Energy Policy ELSEVIER 30(2): 125-129. 

42. Ghosh S. Sustainable energy policy to promote clean air in India. (2001) Occasional Paper Series, Atlantic Council, USA. 

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

A. 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

9. Solar power: truth versus hype (Jan 19 2016), MINT

10. India’s solar mission can cause new debt problems (May 09, 2017), MINT