Nirmal Roy V P

External Consultant | nroy at iihs dot ac dot in


2019    PhD, Economics, Madras Institute of Development Studies, Chennai
2007    MPhil, Applied Economics, Centre for Development Studies, Thiruvananthapuram
2005    MA, Economics, Govt. College Kasaragod, Kasaragod
2002    BA, Economics, Govt. College Kasaragod, Kasaragod




Countries: India
States: Kerala, Tamil Nadu, Karnataka
Cities: Chennai, Thiruvananthapuram, Bengaluru
Languages: Malayalam, English, Hindi, Tamil, Kannada

Prior to joining IIHS, Nirmal Roy was associated with the Kerala State Planning Board. He completed his PhD in Economics from Madras Institute of Development Studies (MIDS), Chennai on ‘Financialisation of Land and Implications: The Case of Land Markets in Kerala’.  His academic interests include Institutional Economics, Finance, Markets, Household Wealth and Networks. He is currently working on financialisation and urban land governance. He is a joint editor of the Kerala Studies blog ALA.


At IIHS, Nirmal is a part of the GCRF – PEAK Project.

Research Projects at IIHS:

2019 – onwards GCRF – PEAK– Land Economy and Financing

Journal Articles

  • Purushothaman, N. R. V. (2019, Forthcoming). Financialisation and broker participation in Rural Land Markets: Processes, typology and implications. Review of Development and Change.
  • Purushothaman, N. R. V. (2016). Land reforms, land markets and urban transformation: Identifying some long run impacts of land reforms from Kerala, India. Journal of Land and Rural Studies, 4(2), 123-139.
  • Somasekharan, J., Prasad, S., & Purushothaman, N. R. V. (2011). Convergence hypothesis: Some dynamics and explanations of agricultural growth across Indian states. Agricultural Economics Research Review, 24, 211-216.
  • Purushothaman, N. R. V. (2010). Openness and basic motives of foreign portfolio capital flows into India. Review of Development and Change, 15(2), 153-182.
  • Sumalatha, B. S., & Purushothaman, N. R. V. (2010). ASEAN-India FTA: Kerala’s perspective. Economic and Political Weekly, 45(9), 79-80.


Book/ Book chapters

  • Purushothaman, N. R. V. (2017). Land transfer tax policy regime and its influence on property markets: analysing the land transfer tax policy of Kerala in the last decade. In S. Pellissery, B. Davy, & H. M. Jacobs (Eds.), Land Policies in India (pp. 89-103). Singapore: Springer.
  • Purushothaman, N. R. V. (2011). Foreign portfolio flows to India: An analysis of openness and basic motives. Germany: VDM Verlag.
  • Purushothaman, N. R. V., & Vijayabaskar, M. (2019). Financialisation of land in the Global South: Households as new drivers. In The First Fingeo Global Conference: Global Financial Shift? Mapping a Financialized World in Transformation. Beijing, China: Beijing Normal University.
  • Purushothaman, N. R. V. (2016, April). Understanding markets for defining land markets: Incorporating intermediaries in the analysis of land markets. Paper presented at the XVI April International Academic Conference on Economic and Social Development, National Research University, Higher School of Economics, Moscow.
  • Purushothaman, N. R. V. (2016). Measurement of household assets: Insights from NSSO data. Paper presented in the National Workshop on ‘Data Extraction and Analysis for Social Sciences, Government College Kasaragod.
  • Purushothaman, N. R. V. (2015, September). Does land transfer taxes distorts property markets: Analysing the land transfer tax policy of Kerala in the last decade. Paper presented at the South Asian Regional Conference of the International Association of Planning, Law and Property Rights, National Law School of India University, Bengaluru.
  • Purushothaman, N. R. V. (2015, February). Are frequent Tax policy changes good for markets? Analysing the land transfer tax policy of Kerala in the last decade. Paper presented at the International conference Economic Reforms Growth and Sustainable Development: Changing role of Institutions, Central University, Kerala.
  • Purushothaman, N. R. V. (2013, November). Financialisation and land and real estate markets of Kerala. Paper presented at the Kerala Development Convention, Kerala Science Literature Movement (KSSP), Integrated Rural Technology Centre (IRTC) Palghat.
  • Workshop on Land market vibrancy in Kerala: An explanation through the Lens of financialization, Social Science Approaches to Urban Studies, The Institute of Economic Growth, New Delhi.
  • Workshop on State of Land markets in Kerala. The national centre for land governance, Institute for Management and Governance, Thiruvananthapuram.
  • Purushothaman, N. R. V. (2012). Financialisation of land markets: Implications on the economy. Paper presented at the conference on Altering of the Rural Landscapes, Department of Economics, Annamalai University Chidambaram.
  • Purushothaman, N. R. V. (2012). Evolution of Kerala’s Land Markets. Paper presented at the International Summer School “The city and the village: separations, linkages and conflicts over social space in modern India” of the Centre for Modern Indian Studies, University of Gottingen.
  • Purushothaman, N. R. V., & Sumalatha, B.S. (2008, December). Stock brokering branches and urban spaces: Exploring a new phenomenon in Kerala. Paper presented at the UNU-WIDER Project Workshop Beyond the Tipping Point: Asian Development in an Urban World, Kolkatta.
  • Purushothaman, N. R. V. (2008, January). Foreign portfolio capital flows into India: An exploration into its openness and basic motives. Paper presented at the Tenth Annual Conference on Money and Finance in the Indian Economy, Indira Gandhi Institute of Development Research, Mumbai.