Balkrishna C. Rao is assistant professor in engineering at the Indian Institute of Technology-Madras. His research interests span problems pertaining to engineering, management, strategy, economics and computational finance. Rao's independent research in management and economics has resulted in recognition by the Carnegie Council for Ethics in International Affairs, the Organization for Economic Co-operation and Development (OECD) and the Green Economics Institute. His concept of the Gross Domestic Innovation (GDI) is currently being put to use at North Carolina's hi-tech research triangle park. A detailed paper on the quantification of GDI will soon be available.

Rao earned his Ph.D. in mechanical engineering from Purdue University where he later served as a research associate in the department of industrial engineering. His research resulted in contributions to blue-chip automotive and aerospace companies in the United States.

Last Updated: June 12, 2017

"Alleviating Poverty in the Twenty-First Century Through Frugal Innovations," Challenge: The Magazine of Economic Affairs, 57(3), 2014, pp. 40–59

Review of Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge, and Change by Edmund Phelps, Enterprise & Society (March 2014).

"How disruptive is frugal?" Technology in Society, volume: 35(1), February 2013, pp. 65–73.

"On the Methodology for Quantifying Innovations," International Journal of Innovation Management (IJIM), October 2010.

Review of How Countries Compete by Richard H. K. Vietor. Enterprise & Society, 11(1), 2010.

"How to Measure Innovation," Challenge: The Magazine of Economic Affairs, 53(1), 2010, pp. 109–125.

"Economic Recognition of Innovation," Singapore Economic Review Conference (SERC), Singapore, 2007.

"Trading of Innovations to Combat Globalization and Climate Change," Challenge: The Magazine of Economic Affairs, 51(5), 2008, coauthored with A. Sundararajan and S. C. Rao.

"Economic Recognition of Innovation," Ubiquity, 8 (40), October 2007.

"Rooting Frugality in Science and Engineering," Third International Conference on Creativity and Innovations at Grassroots, Indian Institute of Management, Ahmedabad, 2015.