K. G. Sahadevan
Specialization : Business Environment
Qualification :
  • Ph.D.(Eco), Univ. of Hyderabad
  • M.Phil. (Appl. Eco.) Cochin Univ. of Science & Tech.
Phone No. : (+91-522) 6696658 (O), 6696543 (R)
Fax : (+91-522) 2734025
Contact No. : 9450931667
Email Id : devan[at]iiml[dot]ac[dot]in
 Personal Webpage
Bio Data
Teaching Areas
Research Areas
Consulting Areas
Position Held
Recent Publiaction, Article, Cases
Awards & Recognitions
Bio Data
Parents: Ms. Sarada and (late) Mr. KG Gangadharan, Kaithayil House, Thekkumpuram, Chendamangalam, Ernakulam District, Kerala. Wife: Anila Sahadevan, M.Sc (Maths); B.Ed. Teacher Children: Devaprasad, born in 1997; Devapriya, born in 2003


  • Ph.D (Economics). University of Hyderabad, 1993
  • UGC-NET JRF (International Economics), University Grants Commission, 1988
  • M.Phil (Applied Economics). Cochin University of Science and Technology, 1989
  • M.A (Economics). Mahatma Gandhi University, 1987
  • B.A (Economics), Kerala University, 1985


  • Professor, Indian Institute of Management Lucknow, January 2007 – present
  • Associate Professor, Indian Institute of Management Lucknow, August 2001 – December 2006
  • Assistant Professor, Indian Institute of Management Lucknow, September 1997 – July 2001
  • Research Faculty, UTI Institute of Capital Markets, Mumbai, November 1994 – September 1997
  • Research Officer, UTI Institute of Capital Markets, Mumbai, November 1993 – September 1994
Teaching Areas
  • Macroeconomics
  • Economic Thought
  • Indian Businesses and Macroeconomic Policies
  • International Business Environment
  • International Trade and Finance
  • Commodity Futures, Risk Management in Commodity Markets and Agri-supply Chain
Research Areas
  • Macroeconomic Policies and Business
  • Monetary and Exchange Rate Economics
  • International Trade and Commercial Policies
  • Derivatives and Risk Management in Commodity Markets


  • Mutual Funds - Data, Interpretation and Analysis, (co-authored), Prentice-Hall of India Pvt. Ltd., New Delhi, 1997.
  • Mutual Funds in India - Fact Book 1995, (co-authored), UTI Institute of Capital Markets, New Bombay, October 1995.

Research Papers

  • "Commodity Futures and Regulation: A Vibrant Market Looking for a Powerful Regulator", Economic and Political Weekly, Vol. XLVII, No. 52, pp. 106-112, December 2012.
  • "Automation of commodity futures trading and its impacts on market parameters", in Finance and Banking - An Anthology of Contemporary Research, P.S. James and Roji George (Ed.), Excel India Publishers, 2008, pp 169-179.
  • "Mentha Oil Futures and Farmers", Economic and Political Weekly, Vol. XLIII, No. 4, pp. 72-76, January 26, 2008.
  • "The potentials of warehouse receipt system for financing and marketing of commodities: A case study of potato markets in Uttar Pradesh", Indian Journal of Agricultural Marketing, Vol. 21 (3), Sep. - Dec. 2007, pp. 31-42.
  • "Forward Contract (Regulation) Act, 1952 and Regulation of Commodity Futures Markets: Issues and Priorities", The ICFAI Journal of Corporate and Securities Law, Vol. III (4), November 2006, pp. 8-20.
  • "Globalisation of Indian Commodity Futures Markets: Some Lessons from International Experiences" Indian Journal of Agricultural Marketing, Vol. 19 (2), May-Aug 2005, pp.107-120.
  • "Economic Reforms and Indian Industry" Chapter 1 in Srinivasan, R (Ed.) The New Indian Industry: Structure and key players, New Delhi: Macmillan, 2005, 1-10.
  • "Sagging Agricultural Commodity Exchanges: Growth Constraints and Revival Policy Options", Economic and Political Weekly, Vol XXXVII No. 30, July 27 – Aug.02, 2002, pp.3153-60.
  • "Risk Management in Agricultural Commodity Markets: A Study of Some Selected Commodity Futures", Udyog Pragati special issue on Money and Finance, Part I, Vol.26 (1), Jan-Mar. 2002, pp.65-74.
  • "Price discovery, return and market conditions: evidence from commodity futures markets", ICFAI Journal of Applied Finance, Vol 8 No. 5, September 2002, pp.25-39.
  • "Foreign Exchange Intervention and Future Monetary Policy: Some Empirical Evidence on Signaling Hypothesis", ICFAI Journal of Applied Finance, Vol 8 No. 4, July 2002, pp. 67-78.
  • "From Crisis to Recovery and Transformation: India's Experience with Economic Reform of 1990s", South Asian Journal of Management, Vol. 9(4), Oct-Dec.2002, pp.12-27.
  • "Foreign Exchange Market Intervention and Neutralization: The Indian Experience under Controlled Floating of Rupee", Journal of Foreign Exchange and International Finance, Vol. XIII, No.3, Oct-Dec. 1999, pp. 181-199.
  • "Does Liquidity Drive Stock Market?", Management and Accounting Research, Vol.3 (2), Oct-Dec. 1999, pp.73-88.
  • "Monetary Model of Balance of Payments Under Fixed and Managed Floating Exchange Rate Regimes: The Indian Case", Indian Economic Journal, Vol. 42 (3), Jan-Mar, 1995, pp.50-69.
  • "Money and Stock Prices - Some Empirical Evidence on their Lead-lag Relationship", Indian Journal of Finance and Research, Vol. VI (1), Jan 1995, pp.11-29.
  • "Private Placement Market in India", The ICFAI Journal of Applied Finance, Vol. 1(1), Jan. 1995, pp.40-56.
  • "On Testing Exogeneity Specifications Underlying the Monetary Approach to Balance of Payments: The Indian Case", Artha Vijnana, Vol. XXXV (2), June, 1993, pp.133-49.
  • "Income, Absorption and Trade Balance - A Causal Test of Alexander's Hypothesis", Indian Journal of Economics, Vol. LXXII, Part IV, No. 287, Apr-Jun, 1992, pp.473-84.
  • "India's Balance of Payments Performance: The Decade 1980-81 - 1990-91", Finance India, Vol. VI (4), Dec. 1992, pp.757-77.
  • "Handloom Industry in Kerala - Constraints on Growth", Small Enterprises Development, Management and Extension Journal (SEDME), Vol. XIX (3), 1992, pp.1-13.
  • "Balance of Payments Theories: A Survey", Prajnan, Vol. XX (2), Apr-Jun, 1991, pp.145-63.
  • "Causality and Absorption Approach to Devaluation in India", Journal of Foreign Exchange and International Finance, Vol. V (1), Jan-Mar, 1991, pp.37-42.
Consulting Areas
  • Macroeconomic Policies and Business
  • Derivatives and Risk Management in Commodity Markets
Positions Held
  • Member, Working Group on Securities under the Chairmanship of Prof. Jayant R Varma constituted by Financial Sector Legislative Reform Commission, Department of Economic Affairs, Ministry of Finance on 29 February, 2012
  • Member, Consultative Group on futures trading under the Chairmanship of Dr. Ashok Gulati, Forward Markets Commission, Ministry of Consumer Affairs, Food and Public Distribution, Mumbai, May 2010 - May 2011.
  • Chief Vigilance Officer, Indian Institute of Management, Lucknow, December 2007 - December 2010
  • Chairman, Fellow Programme in Management, IIM Lucknow, July 2007 – April 2009
  • Member, Editorial Board of Indian Journal of Agricultural Marketing, February 2009 - present
  • Chairman (Admissions) at IIM Lucknow during June 2003 – June 2005
  • Secretary, Faculty Council of IIM Lucknow during December 1997 – April 2001.
  • Chairman, Business Environment Group (Economics Area), IIM Lucknow during Feb. 2002 – Feb. 2004.
Recent Publications, Articles, Cases
  • "Regulatory challenges in globalization of commodity futures" in Celebrating 50 Years of Successful Futures Building, Forward Markets Commission, Government of India, Mumbai, September 2003, pp.35-41.
  • "Commodity futures exchanges", in the souvenir of the international conference on Commodity Futures and Derivatives Trading: India's Opportunities in the Emerging Global Context jointly organized by FICCI, UNCTAD and Ministry of Consumer Affairs at Mumbai during October 30-31, 2002, pp.37-49.
  • "Back to Futures", Business Standard, October 01, 2002, p.14.
  • "Mutual Funds - The Shape of Things to Come", Mid-Day Portfolio Analyst, Vol.XVIII No.174, January 20, 1997, p.7.
  • "India" in Business Briefing: Emerging Market Investments, World Markets Research Centre, London, October 1996.
  • "Trade and Exchange Rate Reforms: The Reality", Financial Express, Aug. 11, 1994, p.6.
  • "Devaluation: Missing the Target", Economic Times, Sep. 17, 1992, p.9.