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Daitri Tiwary

Designation: Assistant Professor of Financial Economics

Email: [email protected]



Doctorate in management, with specialization in financial economics from Birla Institute of Management Technology, Daitri has worked in the field of macroeconomic research, policy advocacy, FOREX volatility and hedging in Fortune-500 MNCs in the business consulting, IT-products & manufacturing sector. A team player, she aims to contribute to industry-relevant academics as a quantitative researcher and educator.

  • Fellow in Management from Birla Institue of Management Technology, awarded on April 28, 2023, for submission of thesis titled “Rupee Volatility, External Commercial Borrowings and Firm Profitability: Evidence from Indian Manufacturing Sector”
  • Graduated from IIM-C Summer Research School 2020 as a fully sponsored Doctoral Candidate
  • Post Graduate Diploma in Management awarded by Xavier Institute of Management on May 16, 2011
  • Bachelor in Computer Application awarded by Gujarat University on June 23, 2009

I am a quantitative researcher working in the area of exchange rate volatility, firm foreign currency borrowing, financial stress and financial stress contagion in emerging economies, with special focus on developing Asia.

  • International Financial Management
  • Digital Finance and Fintech
  • Foreign Exchange Rates Management
  • Project Finance in Emerging Economies
  • Business Process Reengineering
  • Business Analytics in Financial Markets

  • Area Chairperson – Corporate Interface and Assistant Professor – Finance with GL Bajaj Institute of Management & Research (GLBIMR), India from June 2017 till May 2019
  • Officer – Government Relations with International Paper, India | Duration: From August 2013 to June 2017
    • KRA: Corporate Presentations of Company Financials, Projections & Financial Feasibility of Proposed Project to Principal Resident Commissioners of State Governments of India and Embassies (US Embassy, British High Commission, Embassy of Afghanistan, Embassy of Nepal); Policy Analysis and Advocacy with Department of Industrial Policy & Promotions, Ministry of Commerce, Ministry of Home Affairs, Ministry of Coal, Ministry of Finance and Directorate General of Foreign Trade, Government of India; Research initiatives for policy recommendation with CII, FICCI, AMCHAM, USIBC, ICRIER & TERI; Data Analysis & Visualization of EXIM data from Directorate General of Commercial Intelligence and Statistics. Corporate Communication: Circulation of Government Relations – India Bulletin for Global Team.
  • Executive Assistant to the Chief Finance Officer, at Cyberoam – Sophos Inc. Ranked amongst world’s top UTM provider, based in England, UK | April 2012 – July 2013
  • KRA: Market Intelligence; Quarterly Macroeconomic insights to management; Owner of Monthly Presentations for GMRT (Global Meeting Review Table), Weekly Reports for Global Business Review; Policy Analysis and Advocacy in coordination with CII (Western Region Chapter) & FICCI; Statistical Analysis of Evaluation of INR per US Dollar to negotiate rates for Forward Contracts (Citibank and Bank of America); Facilitation for De-merger in Consultation with Carlyle, PWC & KPMG
  • Executive Business Consultant with ABMS Management Consultancy, | May 2011 – April 2012
    • KRA: Capital Budgeting for MSMEs & formulating Standard Operating Procedures for microenterprises.

  • Research Scholar from 2019 to 2023 with full scholarship and 100% fee waiver from Birla Institute of Management Technology (BIMTECH), India.
  • Area Chairperson – Corporate Interface and Assistant Professor – Finance with GL Bajaj Institute of Management & Research (GLBIMR), India from June 2017 till May 2019

  • Member – India Finance Association
  • Mendley Advisor affiliated to Elsevier
  • Educator affiliated to National Entrepreneurship Network (NEN), WF Global
  • Member – Xavier Institute Alumni Association (XIAA)

  • Best Thesis Award and First Prize in CRISIL Doctoral Symposium at India Finance Conference, 2022, at IIM Calcutta
  • Best Thesis Proposal awarded by IRMA in Doctoral Colloquium on Management and Felicitated with the Best Doctoral Proposal Award by IRMA, Ahmedabad in the Doctoral Consortium of Dr. Verghese Kurien Centenary Celebration, 2021
  • Best Paper Award in Responsible and Resilient Business Conference 2022 at Birla Institute of Management Technology

  • Award of Rs.50,000 from CRISIL for doctoral thesis
  • Grant and Conference Assistance from University of Turin, Italy

  1. Tiwary, D., Agarwal, P. & Pandey, M. (2022). Remodelling post-COVID19 resilience of emerging market microenterprises. Journal of Information and Optimization Sciences.
  2. Tiwary, D., Das, K. C., Shettigar, J., & Misra, P. (2022). Exchange Rate Volatility and Financial Stress: Evidence from Developing Asia. Journal of Emerging Market Finance, 09726527221078634.
  3. Tiwary, D., & Sahay, A. (2021). DHFL Meltdown: The Corporate Governance Lapses. Asian Journal of Management Cases, 0972820121998824.
  4. Tiwary, D. (2018, May). A study of lifestyle changes in Xavier Institute of Development Action & Studies, India to mitigate global warming. In IOP Conference Series: Earth and Environmental Science(Vol. 146, No. 1, p. 012012). IOP Publishing.

  • Role of Bank Credit and External Commercial Borrowings in Working Capital Financing: Evidence from Indian Manufacturing Firms

  1. Shrivastava, S. & Tiwary, D. (2021). Valuation and Analysis of Affle India Limited. Case Studies on Perspectives on Management and Digital Business, Bloomsbury, New Delhi.
  2. Suresh, U. & Tiwary, D. (2022). Digital Financial Inclusion: A Comparative Analysis of BRICS Countries in Case Studies on Entrepreneurial Ecosystem, Sustainable Business and Stakeholder Dynamics, Bloomsbury, New Delhi

  1. Pote, S., Dhamesha, K. & Tiwary, D. (2021). New Normal of Stock Trading in India. The New Normal Challenges of Managing Business, Social and Ecological Systems in the Post COVID 19 Era, Bloomsbury, New Delhi.
  2. Tiwary, D. (2022). Metamorphoses of Money : From Coffers to Codes. Artha (Vol.11), IIM Calcutta

  1. Reviewer of Asian Journalof Management Cases
  2. Reviewer of Emerald Emerging Markets
  3. Member of Editorial Board for Catalyst, XIDCOM, Xavier Institute of Development Action & Studies (2009 – 2011)
  4. Editor of BIMTECH SHODHGYAAN w.e.f. July 2020 till December 2022

  • Presented the paper “Role of Bank Credit and External Commercial Borrowings in Working Capital Financing: Evidence from Indian Manufacturing Firms” and participated as a discussant in the 2022 Meeting of World Finance Conference – Turin (August 1st to 3rd,2022)

  1. 15th Faculty Refresher Training by National Institute of Public Finance and Policy, Delhi, from June 5 to June 16, 2023
  2. Resource person for Workshop on Business Analytics by Army Insttitute of Management and Technology, Greater Noida, from 20th to 28th Feb 2023.
  3. Faculty Development Program on Introduction to Research Methods by Prof. Sunil Mithaas from January to July, 2022
  4. Attended Workshop on “Systematic Literature Review and Meta-Analysis” by ONISM, Malaysia, from June 4 to June 5, 2021
  5. Faculty Development Program on Online Teaching, Learning and Evaluation with MOODLE & MOOC Platform held on 13-14 July, 2020

  • Member – India Finance Association
  • Mendley Advisor affiliated to Elsevier
  • Educator affiliated to National Entrepreneurship Network (NEN), WF Global
  • Member – Xavier Institute Alumni Association (XIAA)

Fellow in Management from Birla Institue of Management Technology, awarded on April 28, 2023, for submission of thesis titled “Rupee Volatility, External Commercial Borrowings and Firm Profitability: Evidence from Indian Manufacturing Sector”

  •  Swimmer Member of Indian Life Saving Society, Kolkata