Bachelor, Presidency College, Calcutta, 1960. Bachelor, Cambridge (England) University, 1963. Doctor of Philosophy in Economics, Cambridge (England) University, 1967.
Associate professor Delhi School of Economics, 1968-1969. United Nations expert Ministry of Planning, Sri Lanka, 1969-1970. United Nations officer United Nations Industrial Development Organization, Vienna, Austria, 1971-1972.
Professor Jawaharlal Nehru University, New Delhi, 1973-1982, 95—. Professor, visiting professor El Colegio de Mexico, Stanford University, Vienna and Linz University, Bologna (Italy) University, Norway Trondheim Technology University, 1983-1994, Bremen University, 1994-1995. Professor, fellow Institute Advanced Study, Berlin and Uppsala, Sweden, 1995, 96.
Professor II, Technology University, Norway, since 1995. Research consultant Vienna Institute International Economic Studies, Vienna.
Married Madhu Bhalla, June 16, 1971. Children: Rakhi, Meghna.