A distinguished economist, he is on the Board of India's largest think tank. He is a regular contributor to newspapers and magazines on economics, politics and cricket.
Dr Bhalla taught at the Delhi School of Economics, worked at the Rand Corporation, Brookings Institution and at both the research and treasury departments in the World Bank. He has also worked at Goldman Sachs in the early nineties and thereafter with Deutsche Bank.
He is an appointed member of the National Statistical Commission of India.
A renowned economist, Dr Bhalla is currently the Managing Director of Oxus Research and Investments, a New Delhi-based economic research, asset management, and emerging markets advisory firm.
Dr Bhalla has authored many books, papers and has also been a regular contributor to newspapers and magazines on diverse subjects, spanning economics, politics and cricket! His first book, Between the Wickets: The Who and Why of the best in Cricket (1987)developed a model for evaluating performance in sports. Some of the recent publications include Imagine There's No Country: Poverty, Inequality, and Growth in the Era of Globalisation (2002); New Economic Policies for a New India.