Our Faculty

Education

• Research interests

  Environmental Economics and Policy

  Energy Economics and GHG Emissions

  Transport Economics

  Development Economics

  System Dynamics

• Selected publications

  Moorthy, J., & Gupta, M. (2024). Does market share drive profits for an organisation? Not always!. Management Practice Insights (MPI). https://mpibyspjimr.org/articles/does-market-share-drive-profits-for-an-organization-not-always

  Gupta, M., Malya, S., and Paul, S. (2024). Future of Hygieia Health Private Limited. Asian Journal of Management Cases, Sage Publications. https://doi.org/10.1177/09728201241271506.

  Zhang, L., Padhan, H., Singh, S.K., Gupta, M., (2024). The impact of renewable energy on inflation in G7 economies: Evidence from artificial neural networks and machine learning methods, Energy Economics, Volume 136, Elsevier https://doi.org/10.1016/j.eneco.2024.107718.

  Moorthy, J., Gupta, M. (2024). Does Market Share Drive Profits? Not Always! Management Practice Insights, 2(2). https://mpibyspjimr.org/articles/does-market-share-drive-profits-for-an-organization-not-always.

  Doğan, B., Ferraz, D., Gupta, M., Huynh, T. L. D., and Shahzadi, I. (2022). Exploring the effects of import diversification on energy efficiency: Evidence from the OECD economies. Renewable Energy, 189, 639-650. https://doi.org/10.1016/j.renene.2022.03.018.

  Lu Z, Mahalik MK, Padhan H, Gupta M and Gozgor G (2021) Effects of Age Dependency and Urbanization on Energy Demand in BRICS: Evidence From the Machine Learning Estimator. Front. Energy Res. 9:749065. https://doi.org/10.3389/fenrg.2021.749065.

  Gupta, M. (2021). A Fuzzy Decision-making Approach to Evaluate CO2 Emissions Reduction Policies. Global Business Review, 0(0). https://doi.org/10.1177/09721509211014000.

  Mahalik, M. K., Villanthenkodath, M. A., Mallick, H., and Gupta, M. (2021). Assessing the effectiveness of total foreign aid and foreign energy aid inflows on environmental quality in India. Energy Policy, 149, 112015. https://doi.org/10.1016/j.enpol.2020.112015.

  Sinha, A., Gupta, M., Shahbaz, M., and Sengupta, T. (2019). Impact of corruption in public sector on environmental quality: Implications for sustainability in BRICS and next 11 countries. Journal of Cleaner Production, 232, 1379-1393. https://doi.org/10.1016/j.jclepro.2019.06.066.

  Gupta, M., Bandyopadhyay, K. R., Singh, S. K. (2019). Measuring Effectiveness of Carbon Tax on Indian Road Passenger Transport: A System Dynamics Approach. Energy Economics, 81, 341-354. https://doi.org/10.1016/j.eneco.2019.03.013.

  Gupta, M. (2019). Decomposing the Role of Different Factors in CO2 Emissions Increase in South Asia. Studies in Business and Economics, 14(1), 72-86. https://doi.org/10.2478/sbe-2019-0006.

  Gupta, M., Minai, M. H. (2019). An Empirical Analysis of Forecast Performance of the GDP Growth in India. Global Business Review, 20(2), 368-386. https://doi.org/10.1177/0972150918825207.

  Gupta, M., & Singh, S. K. (2016). Factorising the changes in CO2 emissions from Indian road passenger transport: A decomposition analysis. Studies in Business and Economics, 11(3), 67-83. (ABDC)

  Gupta, M. (2016). Willingness to pay for carbon tax: A study of Indian road passenger transport. Transport Policy, 45, 46-54. (Ranking – ABDC – A, ABS-2)

  Link to Google Scholar

• Case studies

  George, P., and Gupta, M. (2024). Is Japan’s monetary policy a rational expectations saga? Ivey Publishing. Product number: W37533.

  George, P., and Gupta, M. (2023). Sri Lanka’s macroeconomic crises: The tale of twin deficits. Ivey Publishing.

• Conferences

  Gupta, M. (Author). “Unpacking Community Resilience: Investigating key dimensions in an Indigenous community context”, presented at 37th ANZAM Conference, Wollongong, Australia (2024)

  Gupta, M. (Author and Presenter). “The process of social innovation for community resilience: A case of the Koli community in India,” 16th International Social Innovation Research Conference (ISIRC), at Bern University of Applied Sciences, Bern, Switzerland (2024).

  Gupta, M. (Author and Presenter). “How economic development affects ecological footprint: a comparative analysis of developed vs. developing economies” accepted for presentation at 18th International Association of Energy Economics (IAEE) European Conference to be held at Bocconi University, Milan, Italy (2023).

  Gupta, M. (Author and Presenter). NACRA, 2022 Conference, “Sri Lanka: From South Asia’s El Dorados to First Asia Pacific Debt Defaulter”, North American Case Research Centre. (October 6, 2022).

  Gupta, M. (Author and Presenter), Sinha, A. (Author and Presenter), IAEE International conference, “Modelling the impact of Weather Conditions on Passenger Mobility,” IAEE. (June 9, 2021).

  Gupta, M. (Presenter), NACRA, 2019 Conference, “Clean Environment Cess in India: Cess or Mess,” North American Case Research Centre, Tempe, Arizona, USA. (October 2019).

  Gupta, M. (Presenter), 27th EBES International Conference, “Environmental and Economic Implications of British Columbia’s Carbon Tax for India,” Eurasia Business and Economics Society (EBES) and Faculty of Economics and Business, Universitas Sebelas Maret (FEB- UNS) in Indonesia with the support of the Istanbul Economic Research Association, Bali, Indonesia. (January 2019).

  Gupta, M. (Presenter), 41st IAEE International Conference, “Measuring Effectiveness of Carbon Tax on Indian Road Passenger Transport: A System Dynamics Approach,” International Association for Energy Economics, Groningen, Netherlands. (June 2018).

  Gupta, M. (Presenter), 2nd XUB Sustainability Summit, “Decomposing the CO2 Emission Increase from Road Passenger Transport in India Bhubaneswar,” Xavier University Bhubaneswar at Xavier Institute of Management, Bhubaneswar (XIMB), Bhubaneswar. (August 2016).

  Gupta, M. (Presenter), Winter School 2015, “A Review on Implementation of Carbon Tax in Mitigating CO2 Emissions from Road Transport Sector: A Contingent Valuation Approach,” Delhi School of Economics, New Delhi. (December 2015).

  Gupta, M. (Presenter), 2nd Pan-IIM World Management Conference, “Forecast Performance of GDP growth in India,” Indian Institute of Management Kozhikode, Kerala. (November 2014).

  Gupta, M. (Presenter), 7th Urban Mobility India Conference and Expo 2014, “Contingent Valuation Method and Carbon Tax in Mitigating CO2 Emissions from Road Transport Sector: A Literature Review,” Ministry of Urban Development, GoI and Institute of Urban Transport, New Delhi. (November 2014).

  Gupta, M. (Presenter), XLRI Doctoral Consortium, “Determinants of India’s Current Account Deficit and its Relationship with Fiscal Deficit in India”,” Xavier Labor Relations Institute (XLRI), Jamshedpur. (October 2014).

  Gupta, M. (Presenter), Annual European Conference on Sustainability, Energy, and the Environment, “An Empirical Analysis of Determinants of Carbon Dioxide Emissions in South Asia,” The International Academic Forum, Brighton, United Kingdom. (July 2014).

  Gupta, M. (Presenter), AIB India-MENA 2014, “An Empirical Study of Cartelization in Indian Cement Industry,” Indian Institute of Management Udaipur, Udaipur. (February 2014).

• Periodicals

  Gupta, M., & Sheth, A. (2025). Climate policy in action: India’s national carbon market. TechCircle.

  Gupta, M., & Joshi, C. (2025). Navigating through uncertain times. The Statesman.

  Gupta, M., Sheth, A., (2024). Economic costs of climate change in India and policy responses. ET Energyworld.

  Gupta, M., Sheth, A., (2023). Contrasting approaches of developed and developing countries on ecological footprints. ET Energyworld.com.

  Gupta, M. and Pattnaik, R (2021). Maharashtra Budget 2021– 22: Expectations in the aftermath of the Pandemic in the Maharashtra Economic Development Council (MEDC). Economics Digest.

  Gupta, M. and Alok, VN (2019). Is it time to impose a carbon tax? Financial Express.

• Featured in

  Gupta, M. (2024). Why accountability is key for climate financing. The Hindu ‘In Focus’ podcast.

• Courses

  Microeconomics

  Managerial Economics

  Principles of Economics

  Macroeconomic and Business Environment

  Public Finance: Theory and Policy

  Economic Environment of Business

  Econometrics Methods

  Systems Thinking using Systems Dynamics

• Awards and honours

  Scholarship/Research

  Authored case study secured the #1 spot in Ivey Publishing Bestsellers 2024–2025 list in Economics and Public Policy discipline

  Author of the “Best Seller” Case study at Harvard Business Publishing

  Nominated for the Case Centre 2024-2025 Case Competition in the Outstanding New Case Writer category.

  Paul R. Lawrence Fellowship ($2275) by North American Case Research Association (NACRA) to attend a program on case research, writing, and teaching during the Annual Meeting and Conference of NACRA held in Arizona, USA. (October 2019).

  Ecomod Scholarship Award ($1500) to attend EcoMod Modeling School organised by EcoMod Modeling School in cooperation with National University of Singapore (NUS). (January 2018).

  Awarded with a scholarship ($2000) from PwC and System Dynamic Society to attend System Dynamics Summer School at MIT Sloan School of Management. (July 2017).

  WIPRO-XUB Best Paper Award at 2nd XUB Sustainability Summit organised by Xavier University Bhubaneswar at XIMB. (2016).

  Awarded with Junior Research Fellowship (JRF) in Economics by University Grants Commission. (December 2009).

  Qualified National Eligibility Test (Economics), a national level test to determine eligibility for college and university level lectureship.

  Qualified for the post of Assistant Manager in Central Bank of India (Public Sector Bank). (2010).

  Gold Medal for standing the first rank in M.A. Economics at Lucknow University.

  Gold Medal for obtaining the highest percentage of marks at M.A. part 2 Examination 2009 in Economics.

  Gold Medal for being the best student in M.A. in the Economics and Sociology department in 2009.

  Awarded with Bronze Medal in graduation first year for obtaining third highest marks in the college.

• Work experience

  Academic faculty

  Associate Professor, Economics and Policy, S. P. Jain Institute of Management and Research. (2024 – present).

  Assistant Professor, Finance and Economics, S. P. Jain Institute of Management and Research. (January 2020 – 2024).

  Assistant Professor, Economics and Finance Department, Birla Institute of Technology & Science (BITS) Pilani, Pilani Campus. (April 2017 – January 2020).

  Visiting Faculty, Birla Institute of Technology & Science (BITS) Pilani, Pilani Campus. (July 2016 – April 2017).

  Academic Assistant, Economics and Finance Department, Indian Institute of Management (IIM) Lucknow. (July 2015 – November 2015).

  Assistant Professor, Isabella Thoburn College. (April 2010 – November 2010).

  Lecturer, Bhartiya Vidya Bhavan Girls Degree College, Lucknow. (July 2009 – February 2010).

  Professional experience

  Short-Term Consultant (Research), World Bank, (April 2023 – March 2025).

• Consulting

  Academic – Research Project, BITS Pilani. (April 2017 – April 2019).

• MDPs/FDPs

  Workshops and professional training

  Delivered a research seminar at IIT Madras and Madras Institute of Development Studies (MIDS), June 2025.

  Faculty Development Programme (FDP) on Applied Econometrics, organised by SPJIMR. (May 4-5, 2023).

  Faculty Development Programme (FDP) on “Crafting an Effective Student Learning Experience,” organised by SPJIMR. (January 5-7, 11-12, 16, 2021).

  SIMS Workshop – Experiencing, teaching with, and researching the impact of Simulations in the classroom, organised by SPJIMR. (July 27 – 30, 2020).

  Admission interview and selection process training (July 7, 2020) and Admissions Workshop. (January 8, 2021).

  Case-Based Learning (CBL), (February 27, 2020), organised by SPJIMR.

  Workshop on Social Network Analysis organised by SPJIMR and conducted by Prof. Israr Qureshi. (February 2020).

  A program on case research, writing, and teaching during the Annual Meeting and Conference of NACRA held in Arizona, USA. (October 2019).

  A Course on Energy and Environmental CGE Modelling with GAMS organised by EcoMod Modelling School in cooperation with the Singapore Institute of Statistics c/o Dept of Statistics and Applied Probability, National University of Singapore (NUS).

  System Dynamics Summer School at Massachusetts Institute of Technology (MIT). (July 2017).

  Teaching Learning Workshop (part 1 and 2) on pedagogical tools at BITS Pilani.

  Workshop on Team-Based Learning conducted by Dr. Preman Rajalingam from Nanyang Technological University (NTU) and organised by BITS Pilani. (March 2019).

  Industrial exposure

  Selected as students’ co-instructor and industry coordinator during the Practice School Programme at

  Bombay Stock Exchange (BSE), Mumbai Rail Vikas Corporation and WAT Consult; Location: Mumbai, 2017.

  Tata Steel BSL Ltd. Location: Delhi NCR.,2019.

• Reviewer experience

  Energy Economics

  Theoretical Economics Letters

  International Journal of Sustainable Transportation

  Transportation in Developing Economies

  Case Studies on Transport Policy

  Management of Environmental Quality

  Environmental Science and Pollution Research.

• Professional service

  Invited as Session Chair for 18th IAEE European International Conference held at Bocconi University, Milan, Italy (2023).

  Faculty facilitator for Abhyudaya (2021-22, 2023-24) – A non-classroom experiential learning course where PGDM students mentor school children from underprivileged backgrounds

  Committee Head (2020-21, 2021-22, 2023-24) of Business Environment and Policy Committee

  Faculty advisor of SPRINT (2022-23) – the annual sports fest of SPJIMR.

  Students’ co-instructor during Practice School Programme at Indian Institute of Public Administration (IIPA), BITS Pilani.

  Chaired a session in 3rd International Conference on Evidence-Based Management (ICEBM) – 2019, BITS Pilani.

  Member of Department Research Committee (DRC), BITS Pilani.