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Dr. Veena K. Pailwar
Dr. Veena K. Pailwar

Professor, Economics

Email: vpailwar@imtnag.ac.in

Dr. Veena Keshav Pailwar is a distinguished Professor of Economics at the Institute of Management Technology (IMT), Nagpur, with over 30 years of experience in academia, research, and policy-oriented consulting. She holds a Ph.D. from the University of Pune and an M.Phil. from the University of Cambridge, and has consistently demonstrated academic excellence, including topping her cohorts at the Gokhale Institute of Politics and Economics. She has further strengthened her academic and pedagogical expertise through advanced training at leading global institutions, including Harvard Business School, the Indian School of Business, and the Indian Institutes of Management Ahmedabad.

Her expertise spans microeconomics, macroeconomics, international trade, strategy formulation and implementation, financial systems, and applied econometrics, with significant contributions to policy research through her work with premier institutions such as NCAER and NIPFP. She is widely recognized for her innovative and experiential teaching pedagogy, effectively using simulations, role plays, and case-based methods. She has designed and conducted several Faculty Development Programs (FDPs) and Management Development Programs (MDPs) focused on experiential learning and participant-centered teaching.

She has also contributed to international and executive education through visiting assignments, including a faculty exchange at the University of Diponegoro, Indonesia, where she engaged with students across undergraduate, postgraduate, and doctoral levels, and teaching in the Executive Post Graduate Programme at IIM Raipur.

Dr. Pailwar is an internationally acclaimed case author, with numerous cases published by leading platforms such as Harvard Business Impact, Ivey Publishing, and The Case Centre. Her cases have received global recognition, including multiple best-selling case awards (2025) and commendation by the Financial Times. She has also authored books and published extensively in peer-reviewed journals and policy outlets.

In addition to her academic and research contributions, she has held several leadership roles in academic administration, accreditation, and governance, and is certified for Independent Director positions, reflecting her engagement with corporate governance and strategic decision-making.

Academic Biography
  • Ph.D. (Economics), in 1999 from Gokhale Institute of Politics and Economics, University of Pune, India.
  • M.Phil. (Economics), in 1989 from University of Cambridge, UK.
  • M.A. (Economics), in 1988 from Gokhale Institute of Politics and Economics, University of Pune, India.
Work Experience
  • Institute of Management Technology (app. 20 years)
    • Professor – Economics, from Oct 2008
    • Joined as Associate Professor in Sep 2006
  • Xavier Labour Relations Institute (XLRI), Jamshedpur (6 years).
  • National Institute of Financial Management (NIFM), Faridabad (1 ½ years).
  • National Council of Applied Economic Research (NCAER), New Delhi, (3 ½ years ).
  • National Institute of Public Finance and Policy (NIPFP), New Delhi ( 1 year).

Visiting Teaching Assignments

  • Visited the University of Diponegoro (UNIDP), Semarang, Indonesia, from October 2-28, 2013
  • Taught Managerial Economics Course in Working Executive Post Graduate Programme, IIM Raipur, November 2012 to January 2013.
Research Interest

Empirical Research in Business, Economics, Strategy and Finance

Teaching Interests

Managerial economics, business environment, economics of banking and finance, Strategy Formulation and Implementation

Courses Taught
  • Managerial Economics
  • Business Environment
  • Demand & Business Forecasting
  • Money, Banking & Finance
  • Financial Markets and Institutions
  • Commercial Banking
  • Experiencing Markets: A Lab Course
Research and Publications

Cases with Teaching Notes

  • “Novonix: Betting on Graphite Supply Security,” Ivey Publishing, Feb 19, 2026, Product No. W47202; Teaching Note: W47203.
  • Skyline Airways: Unexpected Turbulence?” Harvard Business Impact, HBP No. 8924, Feb 12, 2026.
  • “Will This Visa Shock Upend Our Workforce Model?” Harvard Business Impact, HBP No. 8918, Jan 22, 2026.
  • “Should Dangote Farming Exit the Tomato Paste Market?” Ivey Publishing, Jan 15, 2024, Product No. W33570; Teaching Note:
  • “URBN: Theft Prevention Policy or Racial Discrimination”, The Case Centre, Nov 1, 2023, Case ID: 223-0077-1, Teaching Note ID: 223-0026-8.
  • “Apple Inc.: Should It Diversify Its Supply Chain Outside Of China?,” Ivey Publishing, Aug 14, 2023, Product No. W31842; Teaching Note:
  • “Edible Oil Crisis in India,” The Case Centre, May 2023, Case ID:223-0032-1 Teaching Note ID: 223-0032-8.
  • “Apple in the Chinese Smartphone Market,” The Case Centre, May 2023, Case ID:223-0026-1 Teaching Note ID: 223-0026-8.
  • “Challenges for Tomato Processing Industry in India,” The Case Centre, Feb 2023, Case ID:223-0009-1 Teaching Note ID: 223-0009-8.
  • “Tomato Prices Under Distress,” The Case Centre, Jan 2023, Case ID:223-002-1 Teaching Note ID: 223-0002-8.
  • “Urban Company: Partners Vs Employees,” Ivey Publishing, Nov 28, 2022, Product No. 9B20M212; Teaching Note No. 8B20M212.
  • “Orange Juice Losing Its Sheen in the USA, The Case Centre, June 2022, Case ID: 222-0026-1, Teaching Note ID: 222-0026-8.
  • “Should Gujarat Farmers Grow Noor Jahan Mango?” The Case Centre, May 16, 2022, Case ID: 222-0025-1, Teaching Note ID: 222-0025-8
  • “Can PLI Scheme Give a Boost to Apparel Exports from India?”, The Case Centre, May 16, 2022, Case ID: 222-0015-1, Teaching Note ID: 222-0015-8.
  • “Sterlite Copper: Profit versus Public Health” (2020), Ivey Publishing, December 21, Product No. 9B20M212; Teaching Note No. 8B20M212.
  • “Amazon: Customers and Climate Change” (2020), Ivey Publishing, September 29, Product No. 9B20M164; Teaching Note No. 8B20M164.
  • “Google: Should “Dragonfly” Fly?” (2019), Ivey Publishing, September 12, Product No. 9B19M088; Teaching Note No. 8B19M088.
  • “Parle GST and Competitiveness” (2019), Ivey Publishing, July 12, Product No. 9B19M064; Teaching Note No. 8B19M064.
  • “Should India Impose Anti-Dumping Duty on Tyres?” (2018), International Journal of Case Studies in Management, HEC Montréal, December, 19, vol.16, issue 4.
  • “Should Maruti Suzuki Invest in Electric Cars?” (2018), Ivey Publishing, June 11, Product No. 9B18M092; Teaching Note No. 8B18M092.
  • “Should India Impose LTCG Tax on Equities” (2018), Case Centre, March 13, Reference No. 218-0020-1; Teaching Note Reference No.218-0020-8.
  • “High Drug Prices in US: Market Forces or Regulation” (2017), Case Centre, November 25, Reference No. 217-0107-1; Teaching Note Reference No.: 217-0107-8.
  • “Cement Cartel in India” (2017), Case Centre, May 17, Reference no. 217-0036-1; Teaching Note-Reference no. 217-0036-8.
  • “Tyre Industry in India: Competition or Collusion” (2017, June, Case Centre, June 6, Reference no. 217-0045-1, Teaching Note-Reference no. 217-0045-8.
  • “Compulsory Licence for Saxagliptin: Protection Vs. Competition” (2016), IVEY Publishing, August 31, 2016, (Case Product Number: 9B16M136; Teaching Note Product No.:8B16M136).
  • “Rajghat Power House: The Economy Or The Environment”, (2016), IVEY Publishing, June 28, 2016, (Case Product Number: 9B16M089; Teaching Note Product No.:8B16M089).
  • “Coalgate: The Coal Crisis in India” (2016), Case Centre, June 2016, Case No. 216-0031-1; Teaching Note No. 216-0031-8.
  •  “BSES Discoms: Losses Can Derail Privatization Success” (2016), Case Centre, June 2016, Case No.: 216-0029-1; Teaching Note No.: 216-0029-8).
  •  “Coal India Limited: Privatization or Disinvestment?” (2016), IVEY Publishing, March 2016, (Case Product Number: 9B16M048; Teaching Note Product No.:8B16M048).
  • “Power Crisis in India”, The Case Centre, (Case No. 215-083-1; Teaching Note No.:215-083-8).
  • ”Australian Automotive Industry in Decline” (2015), IVEY Publishing, June 24, 2015, (Case Product Number: 9B15M064; Teaching Note Product No.:8B15M064). 
  • “Toyota Australia in Peril” (2015), IVEY Publishing, April 2015, (Case Product Number: 9B15M007; Teaching Note Product No.: 8B15M007).
  • “Search Engines in Search of Fair Play” (2014), IVEY Publishing, September 2014, (Case Product Number: 9B14M112; Teaching Note Product No.: Product Number: 8B14M112).
  • “India Shedding Tears over Onion Prices” (2013), International Journal of Case Studies in Management, HEC Montréal, June 19, vol.11, issue2.

 Books/ Instructors’ Resources/ Students’ Resources Published

Books

  • A CGE Analysis of Money, Banking and Finance (Ph.D. thesis (2017), Scholars’ Press, Germany.
  • Business Environment (2014), PHI Learning Private Ltd., New Delhi
  • Economic Environment of Business (2012 -Third ed.), (2010-Second ed.), and (2008-First ed.), PHI Learning Private Ltd., New Delhi

Instructors’ Resources and Students’ Resources

Research Papers & Articles Published
  • “Impact of Global World Uncertainty Index on Tourism Demand: A Panel Non-linear Autoregressive Distributed Lag Approach, Journal of Policy Research in Tourism, Leisure and Events, 1080/19407963.2026.2656918 (Co-authored with Salman Ali) (accepted for publication)
  • “Indian Management Students’ Electric Car Purchase Intention,” European Transport, December 2022, ((Co-authored with Maheswaran, S.), ISSN 1825-3997, http://www.istiee.unict.it/sites/default/files/files/ET_2022_89_7.pdf.
  • “Management Students’ Electric Car Purchase Intentions: An Exploratory Study,” Academy of Marketing Studies, Special Issue 2, 2022, (Co-authored with Maheswaran, S.), https://www.abacademies.org/articles/management-students-electric-car-purchase-intentions-an-exploratory-study-14155.html.
  • “Service Trade Structure of BRICS: A Comparative Analysis”(2017), A Chapter in Edited Book: Knowledge Transfer and Transformation, editors: Dhruba Kumar Gautam and Dakshata Rana, Publisher IFEAMA.
  • “A Comparative Analysis of Service Trade Structure of India and China” (2017), Academy of Taiwan Business Management Review, Vol.13, No. 1, April.
  • “A Note on Futures Trading in Soy Oil” (2015), International Journal of Research in Management, Economics & Commerce, (Co-authored with Alok Kumar Sahai), June, Vol.5, Issue 5.
  • “Futures Trading in Soy Complex in India: A Primer for Novice Traders” (2015), International Journal of Innovative Research & Development, (Co-authored with Alok Kumar Sahai), June, Vol.4, Issue 6.
  •  “Impact of Membership of Financial Institutions on Rural Saving: A Micro-Level Study” (2010), International Business & Economics Research Journal, (Co-authored Kaur, et. al.), October, Vol 9, Number 10.
  • “Revealed Comparative Advantages for India in Services Trade” (2009), International Journal of Trade and Global Markets, (Co-authored with Nirav Shah), Vol. 2, No.2.
  • “Differing Pattern of Seasonality in Sectoral GDP” (2007), Indian Journal of Management Technology, March, Vol 1, No. 1.
  • “Janshala in Jharkhand: An experiment with community involvement in education” (2005), International Education Journal, Vol. 6, No.3, pp 373-385 (Co-authored with Vandana Mahajan).
  • “Foreign Direct Investment, Resource Availability and Efficiency in India” (2004), Chapter 6 in the book Foreign Investment in Developing Countries, edited by H.S.Kehal, Palgrave Macmillan, UK.3.
  • “Market Imperfections, CAS & Cable TV Industry” (2003), Productivity, July September, Vol. 44, No. 2.
  • “E-Commerce: Some Emerging Economic Implications” (2001), Productivity, October –December, Vol.42, No.3.
  • “Foreign Direct Investment to India and their Export Competitiveness” (2001), Productivity, April-June, Vol. 42, No.1.
  • “Foreign Direct Investment in India: Problems and Prospects” (2001),in the book The Indian State in Transition, edited by J.L. Bajaj, National Council of Applied Economic Research, New Delhi (Co-authored with Rajesh Chadha).
  • “Changing Face of Flow of Foreign Capital to India” (2000), Asian Economic Review,
  • “A CGE Analysis of Money, Finance and Economic Activity in India” (2000), Indian Economic Journal, Special Number in Monetary Economics, July September, vol. 48, No.1.
  • “A Computable General Equilibrium Analysis of Money, Finance and Economic Activity in India” (1999): (Abstract of the Ph. D. Thesis); Artha Vijnana, June, Vol. XLI No.2.
  • “Integration of Financial Sector in a Computable General Equilibrium Framework: Some Theoretical and Empirical Issues” (1999): Indian Journal of Economics, January, Vol. LXXIX, No. 314.
Awards, Fellowships and Scholarships
  • The Case Centre listed “Apple Inc.: Should It Diversify Its Supply Chain Outside of China?” under its best-selling cases list 2025 under the Economics, Politics, and Business Environment category.
  • Received bestselling case awards for 2025 for three cases from IVEY Publishing as follows:
    • Apple Inc.: Should It Diversify Its Supply Chain Outside of China? (Catgeory: Economics & Public Policy (5th Place) and Strategy (10th Place))
    • Should Dangote Farming Exit the Tomato Paste Market? (Category: Economics & Public Policy (9th Place))
    • Should Maruti Suzuki Invest In Electric Cars? (Category: General Management (8th Place))
  • Harvard Business Impact placed the following cases under its Best Selling Cases list 2025:
    • India Shedding Tears over Onion Prices,
    • Toyota Australia in Peril
    • Australian Automotive Industry in Decline
    • Search Engines in Search of Fair Play
    • Should Maruti Suzuki Invest in Electric Cars?
    • Apple Inc.: Should It Diversify Its Supply Chain Outside China?
    • Google: Should ‘Dragonfly’ Fly
  • Ivey Publishing placed the case “Apple Inc: Should It Diversify Its Supply Chain Outside of China,” authored by me, in its list of “The 23 Cases That Caught Our Attention in 2023”.
  • Financial Times placed the Teaching Case “Amazon: Customers and Climate Change,” authored by me and published by Ivey Publishing, in its Highly commended list of business school teaching cases and pedagogical resources, 2023.
  • Best Teacher in Economics Award by Dewang Mehta Business School Award in November 2011.
  • Best Paper Award for the paper “Revealed Comparative Advantages for India in Services Trade,” presented at the Global Academy of Business and Economic Research International Conference, held on September 17- 19, 2008, in Orlando, Florida, USA.
  • UGC Senior Research Fellowship for PhD from 1991 to 1994.
  • UGC Junior Research Fellowship for PhD from 1989 to 1991.
  • Cambridge Commonwealth, O.D.A. Scholarship (England) for M. Phil Degree, 1988-89.
  • Maharashtra Open Merit Scholarship from 1983 to 1988.
  • National Merit Scholarship certificate -1983.