Ajitava Raychaudhuri is currently Professor Emeritus and Head, Economics Department, Adamas Univeristy. Earlier, he retired as Professor and former Head and Coordinator of Centre for Advanced Studies, Department of Economics as well as former Dean, Faculty of Arts of Jadavpur University, Kolkata, India. A Ph.D. from American University, USA, he was Senior Fulbright Scholar at Economic Growth Center, Yale University, USA, and Reid Hall Scholar in Residence of Columbia University, Paris Campus, France. He has undertaken several important projects from UNESCAP, ADB, World Bank, UNDP, PEP, etc. He has also written and edited several books and contributed numerous papers in international and national journals as well as in edited books.Arpita Ghose is a Professor, Department of Economics, Chair-Professor (honorary), Panning and Development Unit (PDU), NITI Aayog, Government of India (GOI), Jadavpur University (JU), Kolkata, India, former Dean, Faculty of Arts and Head, Department of Economics, JU. A Ph.D. from Indian Statistical Institute, Kolkata, she worked on disequilibrium economics; has written and edited books; contributed numerous papers in international and national journals, edited books from reputed publisher on computable-general-equilibrium-models/ productivity/ efficiency analysis using data-envelopment-approach and stochastic-frontier-models/ applied time-series econometrics. She has presented various invited lectures/ research papers and chaired sessions at different international conferences/symposium, completed several important major projects funded by DFID-UNCTAD-GOI—JU—Trade Research Capacity-Building-Program/Shastri—Indo-Canadian Institute, Calgary, Canada/Department of Health and Family-Welfare, Government of West-Bengal,/UGC-UPE(University-as-Potential-for Excellence), JU/ICSSR/PDU, JU among others and is the joint PI of a collaborative research project of PDU,JU with NITI Aayog. She has supervised Ph.D. students;her major research interests are Econometrics/Macroeconomics/empirical models including International Trade / economics of social-sector and regional-development.