Payal Dey

Overview:

Payal Dey, Ph.D., is an Assistant Professor in Humanities and Liberal Arts at the Indian Institute of Management (IIM), Bodh Gaya. Before joining IIM Bodh Gaya, she worked as a public policy and energy specialist and was awarded the Clean EDGE Asia Fellowship for 2022-23. She has worked with UPES Dehradun as an Assistant Professor, managing the ‘Public Policy Group’ inviting experts, undertaking research, and facilitating student internships on pressing policy issues. Payal completed her Ph.D. titled ‘Viability of Business Models for Rural Electrification in India – A Multi-Method Study’ from the Indian Institute of Technology Delhi with a Fulbright-Nehru Doctoral Research fellowship in public policy at the Massachusetts Institute of Technology (MIT). She has over 12 years of professional experience with government agencies, multilateral institutions, think tanks, etc. Link to her website (in progress). 

Academic background:

• Ph.D.- Indian Institute of Technology Delhi
• MSc (Public Policy and Administration) - London School of Economics and Political Science
• Master of Business Administration (Major in Finance with Banking & Insurance) - Panjab University
• Bachelor of Business Studies - S. S. College of Business Studies (University of Delhi)

Teaching Interests:

• Public Policy and Policy Analysis
• Sustainable Development
• Governance
• Public-Private Partnerships and Public Budgeting
• Business Policy and Strategy

Research Interests:

• Emerging issues in public administration and public policy
• Solving complex issues of public policy/ sustainable development
• Energy transition and power sector regulation
• Systems thinking and system dynamics
• Action research

View Research Profile

Publications (Journal Articles):

• Dey, Payal, Gupta, M. P., Sushil, Perez-Arriaga, I. J. (2024), Rural Electrification in India: A Wicked Problem, Systems Research and Behavioral Science, 1-20, https://doi.org/10.1002/sres.3002 (ABDC: A).
• Dey, Payal (2015), Regulatory Control of Foreign Direct Investment - A Case of Pharmaceutical Sector in India, Journal of Governance and Public Policy, Volume 5, No. 1, January-June 2015; ISSN 2231-0924, abstract available here.
• Manu Sharma, Payal Dey and Gunwant Singh Saini, Silver and Global Equity Markets, The Journal of Private Equity, Spring 2014, Vol. 17, No. 2: pp. 18-22 (Scopus).
• Eldho Mathews, Biju A Chittuparamban, Sharvari Joshi, and Payal Dey, Engaging the Corporate Sector: Narayana Murthy Committee Recommendations and the Future of Indian Higher Education, Economic and Political Weekly, Vol - XLVIII No. 29, July 20, 2013, abstract available here (ABDC: B).
• Manu Sharma, Payal Dey and Rajneesh Agarwal, Dow Jones Precious Metal Index and Global Markets, Journal of Wealth Management, Summer 2013, Vol. 16, No. 1: pp. 91-96 (ABDC: C).

Other Policy Publications (select ten):

• Dey, Payal. (2024), Green Grids: India’s Preparedness and Asia’s Pathways, National Bureau of Asian Research, https://www.nbr.org/publication/green-grids-indias-pathways-and-asias-preparedness/, Seattle, Washington, USA.
• PHD Chamber of Commerce and Industry of India, ‘India’s Policy and Economic Resilience through the Pandemic,’ 116^th Annual Report, New Delhi.
• Report for the Asian Development Bank, 'Analysis of Select Social Sector Public-Private Partnership Projects (PPP) in India,' CUTS Institute for Regulation and Competition, February 2018.
• Chanchal et al., ‘Public Policies and Investments for the Welfare of Children in Urban Poverty in India’, Centre for Budget and Governance Accountability, supported by Bernard van Leer Foundation, New Delhi, available here.
• 'Connecting the Dots: An Analysis of Union Budget 2016-17', Centre for Budget and Governance Accountability, March 2016, available here.
• ‘Report of the Task Force on Financial Redress Agency’, Ministry of Finance, Government of India, June 2016, available here.
• Policy paper for Secretary, Department of Biotechnology and Member, Planning Commission of India, 'White paper on FDIs in the Indian Pharmaceutical Industry', December 2011.
• 'Foreign Investment Promotion Board Review 2010', Department of Economic Affairs, Ministry of Finance, Government of India, September 2011, available here.
• 'Safe Drinking Water Project in Rural Areas,' Chandrabimb Foundation, available here, August 9, 2009
• Report: 'Impact of Fiscal Incentives on Exporters', Commissioned by Ministry of Commerce and Industry, Government of India and ASSOCHAM, December 18, 2006.

Peer Reviewed Conference Presentation(s):

• 9^th Fred Siggs Symposium, ‘Dealing with Wicked Problem of Rural Electrification through Equitable Policies in Developing Countries’, American Society for Public Administration (ASPA), 2022.
• 38th International System Dynamics Conference, ‘System Dynamics modelling for grid-interconnected business model for rural electrification in India’, System Dynamics Society, 2020 – Session Chair.
• MIT Energy Conference, ‘Viability of Business Models for Rural Electrification in India’, 2018, Cambridge.
• ‘Public-Private Partnership and Fiscal Rules in India’, Young Scholar’s Conference on Government Finance and Public Policy Issues, CBGA, 2016, New Delhi.
• Seventh International Conference on Public Policy and Management, 'Roadblocks in Roadways and Effectiveness of PPPs in India', Indian Institute of Management Bangalore, 2012.
• International Conference on Banking Consolidation, 'Banking Consolidation (India): Retrospect and Prospects,' ICFAI Business School Mumbai, 2008 – Winner of Best Paper Award.

 Invited Talks and Guest Sessions: 

• Panelist in Clean EDGE Asia Conference organized by the National Bureau of Asian Research (NBR) and the U.S. Department of State, Dhaka, May 2023.
• Speaker & Panelist at the Indian Utility Week - October 2022, talking on policies on India’s progress towards SDGs.
• Guest Lecturer for National University of Singapore course Public Policy: Design and Implementation for Success, September 2022.
• Moderated talks as part of Public Policy Group initiatives at UPES, Dehradun (2021-22).       
• Workshop for Public Policy Art of Living Fellows, August 2017.
• Moderated workshop on implementation of Goods and Service Tax, August 2016.
• Guest Lecturer at Panjab University on ‘Overview of FDI, Infrastructure, and PPPs in India,’ October 2012.
• Discussant of research article 'Clinical Trials - Commerce versus Ethics' at a national conference, January 2010.

 News and Magazine Articles:

• ‘Covid-19 management in India: Five immediate steps’, May 2021, opindia.com, available here.
• 'Diwali: a smog mare for the India capital,' LSE South Asia Blog, November 2016, available here.
• 'Rail Budget 2016: Prabhu signals shifting focus to customers’, staff', firstpost.com, February 2016, available here
• Bindu Dey and Payal Dey, 'Clinical Trials – Commerce versus Ethics,' pharmabiz.com, May 4, 2005, available here. 

Awards & Recognitions:

• NBR Clean EDGE Asia Fellow 2022-23
• Scholarship for participating and presenting paper in 9^th Fred Siggs Symposium, ASPA, 2022
• Scholarship for participating, presenting paper and session Chair, 38^th International System Dynamics Conference, System Dynamics Society, 2020
• Featured scholar in the newsletter of the South Asian Section for Public Administration for two consecutive editions: 2021-22
• Fulbright-Nehru Doctoral Research Fellowship in Public Policy at MIT for nine months, 2018
• LSE-India Scholarship for pursuing masters at the London School of Economics and Political Science, 2013
• UGC Junior Research Fellowship and National Eligibility Test in Management, 2012
• Merit scholarship for Higher Education by Central Warehousing Corporation, 2008-10
• Best B-plan awards for ‘Water Vending Machine’ at national levels, 2005-06