Former Executive Director, IMF for India, Bangladesh, Bhutan and Sri Lanka. Economist, cricket junkie, policy wonk, and film (all woods, old and new) enthusiast

New Delhi, India
If the Gandhi's were not in the Congress leadership, India, BJP, Modi-Shah, political opposition will all be in a better place; We should discuss OPENLY & without malice or prejudice. There is NO precedent for such a long rule by a single family anywhere or anytime in the world.
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Surjit Bhalla retweeted
This IIT Bombay incident has me totally black pilled. My son is 5. He has time on his side and I will make sure he has all sorts of options at 18. Because this genie that has been unleashed is going to be a multi generational disaster for GCs. Economic prosperity is moot if a false complaint can land you in jail. I am pro-reservation. I have seen caste based discrimination myself. But law cannot presume guilty unless proven innocent. GCs are about to go through a long period of suffering due to legislated negative externalities. I don't foresee any change at least in my life time. And weaponisation of law has just begun.
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But I had no discrepancy and have voted in all the elections held in Delhi since 2022 - including LokSabha 2024 - so need a different explanation - One solution is that a random selection of Joint Secretary and above babus are made to go thru the process - watch how quickly everything gets CORRECTLY fixed @KanchanGupta
Replying to @surjitbhalla
Possible that your name got struck off when you were in US and got added to Absent, Shift, Duplicate & Dead Voter's List? I was not in India for less than an year and during a routine inspection, my name got added to that list and I had to later get it reversed. The process may be cumbersome but sometimes Hanlen's razor is at play. (BTW my own name now got stuck off in SIR due to a discrepancy in name from older roll but was able to bring it back easily). Interestingly, the democratic inclusion of even the CM in the strike off maybe shows that the process is not political.
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In India we have knowledge, expertise; the reason it is not used because that will diminish the IAS/IFS influence and power - The more powerful and old the Feudal Aristocrat, the more insecure - that is the beginning and possibly the end of our policy problems @KanchanGupta @swapan55
Replying to @surjitbhalla
Surjit, I know you from your CricketX days and have always regarded you as one of India’s finest statisticians. You should be on their technical advisory panel. This needs engineering, not arguments. The Hon’ble Supreme Court should consider an independent third-party technical audit of the voter-data system—how records are matched, duplicates identified, names deleted, identities verified, exceptions handled and every change logged. If old big-data tools or poorly designed vendor systems have wrongly removed genuine voters, that is a serious issue. The audit should establish who designed the system, what rules and algorithms were used, what records were changed, why they were changed and whether every action can be independently verified. The bigger concern is that even a basic “one nation, connected data architecture” seems to be missing, with important government systems operating as separate systems. If important technology decisions were influenced by weak or biased technical advisers, those choices may have created problems that are now very difficult to repair. It is still too early to say whether any of this was intentional or could amount to a scam. That conclusion should come only after the evidence is independently audited.
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Surjit Bhalla retweeted
After a long time there is a major political exclusive that harms the government. Things are changing. Mainstream media, too, is shedding its fear of government. And all that is thrown at the BJP is beginning to stick on the once-Teflon party.
Yesterday, @IndianExpress reported an unprecedented rupture inside the Election Commission: TWO of its three members objecting on record, 14 times in 10 months, to decisions taken without their knowledge. Today, the second part of our investigation looks at the concern Election Commissioners Sukhbir Singh Sandhu and Vivek Joshi flagged most often: Who really controls our electoral rolls? We followed that question to Goa, where we found something deeply concerning. Stay with me.... (1/14) 🧵
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The goal is good; We have some of the best statisticians in the world; we have AI; and yet we still conduct policy in a vacuum. Why? Is it because we don't ask questions? Phrased differently,  why are we a nation of  Babus? indianexpress.com/article/op…
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Just curious - have the leaders of the cockroach party or their followers or their backers - has anybody connected to the cockroaches tweeted anything on the Bombay IIT tragedy
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Cute yes but beware of AI - nothing is innocent anymore - hence both love and hate for AI
Incredible India 🇮🇳! This is so cute! A monkey trying to feed a banana to the Nandi while life goes on around them. 🐒♥️
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The link to my substack post whose contents I just posted; On GDP data and why GDP growth is different than what we feel (income growth) ssbhalla.substack.com/p/why-…
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India's June quarter, per head: Output +6.9% Income +2.8% A divergence of four points — the largest in the thirteen quarters of the new GDP series. In total: output grew 7.8%. Income grew 3.3%.
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So both sides are right, about different objects. The government is right that output grew 7.8%. The critics are right that it does not feel like it. They looked in the product account. It was never going to be there. It is in the income account, four points wide.
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Consumption per head grew 4.7% and investment per head 11.0% — both faster than income per head at 2.8%. Possible one way only: the trade deficit doubled, 1.4% to 2.7% of GDP. India spent as though income had risen 7%. It rose under 3.
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In Indian Express Sept 18 2026 indianexpress.com/article/op… I explore the paradox as to why, despite good data, official Indian data has been questioned by experts. And what can be done by the "masters" to stop this practice - and revert back to data releases before 2014
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I did nit see the chart below as you stated in your tweet - Can you retweet with the chart? Happy to correct myself - What exchange rate data are you using PPP or US $?
Calling India's share of world income, a fall is incorrect @surjitbhalla . The chart below may help. India's share within BRICS, has actually gone up by 40% from 2.5% to 3.5%. So @ShekharGupta, Mr. Bhalla's FACT check is FACTUALLY incorrect.
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Surjit Bhalla retweeted
Replying to @surjitbhalla
Recall you @surjitbhalla as a fellow brilliant student @Princeton's Woodrow Wilson School of Public & International Affairs in 1970s. Surprised by your call for India to ditch leadership of Global South, BRICS+ & G-20 & hitch its luck with yesteryear's declining powers & USA.
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Thank you vir - yes we do go back a very long way - and as you know my feelings and regard for you are identical - and your writing has always been better than mine !
When the situation changes @surjitbhalla ‘s views change to take the altered situation into account.This is exactly how it should be. It’s a long time since Surjit & I have agreed on much. But over the 36 years I have known him I have never stopped admiring his intellect, his integrity & his sincerity
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Bhupendra - known you for a long time and respect you - but expect you to go beyond polemics and ideology and actually address the issue with evidence - empirical or otherwise - What happened? @ShekharGupta
But I have a problem with this kind of analysis Shekhar. @surjitbhalla , whom I respect enormously for his wit and knowledge, would always spin a different yarn as long as he was on the right side of establishment. Suddenly, he is becoming a critic of most of economic rationale of the government. It’s like suggesting that say a decade from now, a few economists aligned with the establishment, singing praises right now, will end up becoming critics later. @RatanSharda55 @smritiirani @ShivAroor @NitinNabin @SunilAmbekarM
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1/ BRICS went from 21.9% of world income in 2011 to 28.9% in 2025. Now take out China. The other ten members went from 11.9% to 11.5%. They did not rise. They fell.
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5/ India's share of world goods exports: 1.71% in 2011, 1.88% in 2023. Vietnam's: 0.52% to 1.50%. A country with a fifteenth of our population has nearly caught us — while we attended summits about reforming the international order.
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6/ The full piece, with the tables and the sources: ssbhalla.substack.com/p/bric…
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