Designation: Assistant Professor, and Director,
Centre for Excellence in Entrepreneurship & Development (CEED)
Associate Dean, Faculty
Qualification: PhD, University of Pune
Specialization: Financial Economics
Office: 124, UGC Building Ext: 320

Lalitagauri’s research focuses on financial system reform and society to ensure that people and communities have access to affordable financial products and services in today’s digital economy. It is within this context that her recent book redefines the narrative of financial inclusion policy. 

Her research focuses on fintech, digitalisation and policy alternatives for inclusive development, and addresses the problems related to digitalisation from a gender perspective. Her work has been published in reputed journals, and also in regional vernacular media. She teaches macroeconomics and finance, financial economics and financial derivatives at the Institute.

She has worked on research and consultancy projects for regulatory bodies and corporate firms in India. She coordinates the M.Sc. Financial Economics program at the Institute and has designed and developed the program. She is also the faculty in charge of executive training programs at the Institute.

Her PhD is in secondary market trading in life insurance, and it was an investigation of how unregulated money lending prevails in India, and how that can be institutionalised to prevent the exploitation of low-income policyholders.

  • Books and chapters
  • Research papers
  • Patents & Awards
  • Publications


  • The Future of Indian Banking, Kulkarni L. with Joshi V.C. (March 2022) Springer Books, ISBN 978-981-1695 61-2.
  • Inclusive Banking in India: Reimagining the Bank Business Model, Kulkarni L. and Joshi V. (June 2021) by Springer MacMillan Publishers, ISBN 978-981-336-796-8.

Book review

  • “Capital Flows and Exchange Rate Management," Artha Vijnana, Gokhale Institute of Politics and Economics, vol. 55(1), pages 120-122.
  1. “Gender Disparity in Digitalization of Financial Services: Challenges and Promises for Financial Inclusion of Women in India” (2021) Gender, Technology and Development, Journal of Asian Institute of Technology, Taylor and Francis.
  2. "Financial Efficiency versus Social Outreach of Indian Micro-Finance Institutions: Mission Drift or Character Shift?"(2018) Journal of Social and Economic Development 19 (2), 323-340, Springer. 0049-3.
  3. Estimation of Critical Level of Exchange Rate to Manage Corporate Default and NPAs. Paper In Studies in International Economics and Finance, Kulkarni, L.,  with Parchure, R., & Reddy, K. S. (2022). (pp. 489-511). Springer, Singapore.
  4. “Impact of Fiscal Transfers on Gross Domestic Product of Indian Federal States: A Panel Data Analysis”, (2018), Paper in an edited book, Challenges and Issues in Fiscal Federalism: Econometric and Quantitative Approach, Springer.
  5. “Is Social Media the New Prophet in the Capital Market? A Case of Twitter”, (2017), Asian Journal of Research in Business Economics and Management Vol. 7, No.3, 80- 93.
  6. “Do Factors Determining Bank NPAs Differ According to the Bank Ownership Type?: Evidence from Indian Commercial Banks”, (2017), Asian Journal of Research in Social Sciences and Humanities Vol. 7, No. 4, pp. 366-379.
  7. “Liberalization of India’s Life Insurance Sector: Unfulfilled Promises”, Chapter in Book on 25 Years of Globalization in India (ed.) Kawadia Ganesh and Kanhaiya Ahuja, Ganga Publishers and Distributors, Indore, pp.252-266, 2017, ISBN: 978-81-932681. 2. (2017).
  8. “Health Inputs, Health Outcomes and Public Health Expenditure: An Evidence from the BRICS Countries”, (2016), International Journal of Applied Economics, 31(1), March 2016, 72-84.
  9. “Data Gaps in Selected Segments of Financial and Related Sectors in India, (2016), Arthavijnana, Vol. 58, No 3,207-218.
  10. “Effect of R & D Expenditure by Indian Firms on Share Market Valuation of the Firm”, (2016), International Journal of Economic Research, Vol.13 No.7.
  11. “Empirical Study of the Relationship between Value Added and Stock Price of Firms in Indian Stock Market”, (2016), The ICFAI University Press Journal of Accounting Research & Audit Practices, Vol. 15, No. 2, pp. 23-37.
  12. “Effects of Outbound Acquisitions on Performance of Indian Acquirers: A Lost Odyssey?”, (2016), International Journal of Applied Business and Economic Research, Vol. 14, No. 14 p.p. 197-221.
  13. "Universalization of Life Insurance: A Feasibility Study?", (2019), The IUP Journal of Management Research, Vol XVIII No 2.

Permanent working papers

  1. Financial Efficiency versus Social Outreach of Indian Micro-Finance Institutions, Kulkarni, Lalitagauri (2017), Working Paper No. 38, Gokhale Institute of Politics and Economics, Pune, December.
  2. Large Scale Corporations in India’s Non-Financial Sector: Protagonists or Predators? Kulkarni, L. and Dhume A. (2016), Working Paper No. 36, Gokhale Institute of Politics and Economics, Pune, September.
  3. Examining the Financial Feasibility of Universal Health Insurance in India, Kulkarni, Lalitagauri and Jain, Manu (2016), Working Paper No. 37, Gokhale Institute of Politics and Economics, Pune, October.
  • “An Endowment Life Assurance Financial Engineering System for Trading Endowment Life Assurance Based Products”.
  • Award for the Most Outstanding Paper on ‘Secondary Market in Life Insurance’, at Global conference by National Insurance Academy, Pune.
  • Recipient of University Grants Commission’s Fellowship for Post Graduate Studies.