Professor Bhabani Shankar Nayak

Professor Bhabani Shankar Nayak

Professor of Business Management, Programme Director, Business Management and Marketing

  • Academic
Professor Bhabani Shankar Nayak

Bhabani is a political economist and works as Professor in Business Management and Programme Director of Business, Management and Marketing, University for the Creative Arts, UK.

Professor Bhabani Shankar Nayak


Bhabani is a political economist. Before moving to UCA, he worked in the universities in Sussex, Glasgow, Manchester, York and Coventry. His research interests consist of four closely interrelated and mutually guiding programmes i.e. i) political economy, business management, sustainable development, gender and environment in South Asia, ii) market, microfinance, religion, ethics, and social business, iii) faith, freedom, globalisation and governance and iv) Hindu religion and capitalism.

His research focuses on global south but the regional focus of his research is on the impacts of neoliberalism on social, cultural and economic transition of indigenous and rural communities in South Asia.

Research supervision

Bhabani is interested to supervise PhD students in different areas of political economy, international business, management, culture, development, capitalism and religion.

Professional Membership, Affiliation and Consultancy

  • Senior Fellow (SFHEA), Higher Education Academy, UK
  • Fellow (FCMI), Chartered Institute of Management, UK
  • Fellow (FRAS), Royal Asiatic Society, UK
  • Fellow (FRSA), Royal Society of Arts, UK
  • The University of the Witwatersrand, Johannesburg, South Africa
  • NIT and KIIT Universities, India
  • Glasgow Caledonian University, UK
  • Nominated for the 2020 Tallbergh/Eliasson Global Leadership Prize (USD 50,000) for research leadership.
  • Nominated by students and shortlisted for European Award for Excellence in Teaching in the Social Sciences and Humanities-2013.
  • Regional Advisor for the Western and South Asia region, Chevening Reading Committee, Foreign and Commonwealth Office (FCO), The Association of Commonwealth Universities, UK Government.

Further information

  • Walton, N. & Nayak, B.S. (2021), Big Data, Artificial Intelligence (AI) and Economic Development from a Critical Perspective, Technological Forecasting & Social Change, Vol-166, May, (, ABS3

  • Tabassum, N & Nayak, B.S. (2021), Gender Stereotypes and its Impact on Women’s Career Progression from a Managerial Perspective, Society and Management Review, (Manuscript Number: KSM(ST)-2019-0071.RV2, accepted). ABS2*

  • Nayak, B.S. (2020), Impossible Theorem and Possibilities of Development Studies, Journal of International DevelopmentJournal of Development Policy and Practice, Volume- 5, Issue-2. (

  • Nayak, B.S. & Dominik Scheib, (2020), Cultural Logic of German Foreign Direct Investment (FDI) in Service Sector, Journal of Economic Structures, Vol-9, Issue-27. (DOI: ).

  • Nayak, B.S. (2020), Colonial World of Historians; Reification, Theoreticism and Process of Reinventing the Politics of Tribal Identity in Post Colonial India, Journal of Asian and African Studies, Vol-56, Issue No-10,

  • Nayak, B.S. & Silva, R.V. (2019), Evolution of Legal and Regulatory Frameworks of Microfinance in Brazil, Latin American Policy, Vol. 10, Issue:1. (

  • Nayak, B.S. (2019), Reification and praxis of public private partnerships in history, Society and Business Review, Vol. 14, Issue:1, DOI: .

  • Nayak, B.S. & Yingnan, Z. (2019), Critical Reflections on Different Trends in the Relationship between Financial Developments and Economic Growth in China, International Journal of Economics and Finance, Vol. 11, No. 3, DOI:

  • Nayak, B.S. (2018), Eurocentric conceptualisation of risk in international business, Society and Business Review, Vol. 13, Issue No- 2, DOI:

  • Adams, K., Nayak, B.S. & Koukpaki, S. (2018), Critical perspectives on “manufactured” risks arising from Eurocentric business practices in Africa, Critical Perspectives on International Business, Vol. 14 Issue: 2/3. DOI:

  • Nayak, B.S. (2018), "Bhagavad Gita and Hindu modes of capitalist accumulation in India, Society and Business Review, Vol. 13 Issue No: 2, DOI: .

  • Nayak, B.S. & Xu, J. (2018), Alternative Strategies of Credit Risk Management: A Successful Case Study of the Guangdong Nanyue Bank in China From 2011 to 2016, Journal of Management and Strategy, Vol. 9, Issue No-4, DOI:

  • Nayak, B.S. & Xu, J. (2018), Historical Trends and Transitions in Credit Risk Management of Chinese Commercial Banks, International Journal of Business Administration, Vol. 9, Issue No. 5, DOI:

  • Nayak, B.S. & Gao, Y. (2018), Role of State in the Evolution and Success of Commercial Banks in China, Research in World Economy, Vol. 9, Issue No- 2, DOI: 

  • Nayak, B.S. (2018), Reconceptualising Public Private Partnerships (PPPs) in global public policy, World Journal of Entrepreneurship, Management and Sustainable Development,  DOI:

  • Nayak, B.S.(2016) Friendship, Love, Sex and Operation Park; Debates on Gender and Culture in Contemporary Orissa, Journal of Social Sciences and Humanities, Vol-1, No-1, December, Rama Devi Women’s University, Bhubaneswar, Odisha, India (Pp-41-88).

  • Nayak, B.S. (2013), “Needs’ Based Development to ‘Desired’ Development: Locating the Freudian  Idea in Social and Economic Development of Tribals after the New Economic Reforms in India”, International Critical Thought, Volume-3, Issue-1. (

  • Nayak, B.S. (2013), “Challenges of Cultural Relativism and the Future of Feminist Universalism”, Journal of Politics and Law, Vol-6, No-2.  DOI:10.5539/jpl.v6n2p83

  • Nayak, B.S. (2013), The Orissa State Agricultural Policy 2008; A Document of Denials to Farmers, Retreat of the State and Threat to Economy, Journal of Governance and Public Policy, Vol-3, No-2. (

  • Nayak, B.S & Sinha, G. (2013), Women and Food Insecurity in India: A Study on Democratic Institutional Responses and Interventions for Food Security, Canadian Social Science, Vol.9, No.5. (DOI:

  • Nayak, B.S and Sinha, G. (2008), “Sector Wide Approaches and Mainstreaming Gender in Education in Ghana: A Study of its Implementation and Effectiveness”, Journal of Asian and African Studies, Volume No-43, Issue No-3. (

  • Nayak, B.S. (2007), Silenced Drums and Unquiet Woods: The Myth of Modernization and Development in Orissa, Journal of Comparative Social Welfare, Vol. 23, No. 1. (

Published Book Chapters
  • Sinha, G., Nayak, B.S. (2020), Rise of Hindutva politics, demonetisation, and its impact on Micro, Small and Medium Enterprises (MSMEs) in India, In Emerging Markets, edited by Prof. Vito Bobek, IntechOpen, London.

  • Nayak, B.S. (2018), Public-Private Partnership in History, Theory and Practice, In Ahmed, D. A. (ed.), World  Sustainable Development Outlook 2018: Public Private Partnership for the  Implementation of the 2030 Agenda for Sustainable Development, Joint Inspection Unit of the United Nations System and World Association for   Sustainable Development, London.

  • Nayak, B. N. (2013) Lifting up the Spirit, Uplifting the Body: Interfacing Religion, Spirituality and Social Work in India. Pune, India: Samajdarshan Prakashan, Pune-411027, p. 121-143.

  • Nayak, B.S. & Sinha, G. (2009), “The Troika of Environment, Livelihood and Women; Relationships and interactions of tribal women in Orissa”, in Global Environment: Problems and Policies, Volume-5, edited by Dr K. R Gupta, Atlantic Publishers, New Delhi. ISBN:N9788126909995.

  • Nayak, B.S and Sinha, G. (2009), “The Practice of Patriarchal Democracy in Post-Colonial India: A Study on Women’s Reservation Bill for the Representation of Women in the Indian Parliament” in Gender: Problems and Policies, edited by Dr. K. R. Gupta, ISBN: 9788126910601, Atlantic,  Delhi.

  • Nayak, B.S. (2008),“Negotiating with Ideas and Institutions; Reclaiming the Preconditions for  Revolutionary Change and Transformatory Development” in Prof. Brij Mohan and Prof. Christian Aspalter, (2008), Debating Social Development: Pathways to a Better World, Casa Verde Publishing, Hong Kong/Taipei.

  • Nayak, B.S. (2006), "The History of Food Security Policy in India with reference to Orissa and Kalahandi: An Integrated and Universal Approach towards PDS" in Nayak, B.S. (2006), Nationalizing Crisis: The Political Economy of Public Policy in Contemporary India,(ed), Atlantic Publishers & Distributors, New Delhi, ISBN: 81-269-0481-X.

  • Nayak, B.S. (2004), "Economic Reforms and Urbanization in India: Problems and Prospects", in  Gupta, Dr.K.R. (2004), Urban Development Debates: Theories and Praxes (Ed), Volume-2, Atlantic, New Delhi, ISBN: 8126903902.

  • Presented a paper on “Feminist Economics and Women’s Alienation: Understanding the Current Economic Crisis” in the Marxist Feminist Conference organised by Lund University (Lund, Sweden), October 5-7, 2018.
  • Invited to talk on “Issues in Indian Political Economy of Development”, in Kendrapada Autonomous College, Under Utkal University, Odisha, India. 5th July, 2018.
  • Presented a paper on  “Public-Private Partnership in History, Theory and Practice”,  in a conference on Public Private Partnership for the Implementation of the 2030 Agenda for Sustainable Development organised by the Joint Inspection Unit of the United Nations System and World Association for  Sustainable Development in Geneva from 10th April to 13th of April 2018.
  • Keynote speaker on ‘Dynamics of knowledge economy in India’ in ‘Global Knowledge Based Economy and Innovation in Management Practices’ conference organised by SOA University, India, 29th and 30th of December, 2017.
  • Invited speaker on ‘Bhagavad Gita and Hindu modes of Capitalist Accumulation in India, Department of Political Science, University of Delhi, India on  14th of December 2017.
  • Invited speaker on ‘Macro politics of microfinance: a study of fraternal capitalist Accumulation in rural Odisha’, Department of Political Science, University of Delhi, India on 15th of  December 2017.
  • Organised a special conference on ‘Religion and Business in South Asia and Arab World’ and presented a paper on ‘Hindu religion and capitalism in India’ at the Oxford Brookes University, UK, 21st of Jun 2017.
  • Invited to speak on ‘the politics of demonitisation in India, BJB College, Utkal University, India, on 7th of January 2017.
  • Presented a paper on ‘Impossible Theorem and Possibilities of Development Studies’ and received Best Paper Award in the ICICBBS 2015: Indo-Canadian International Conference of Business and Managerial Sciences, India.
  • Presented a paper on “Microfinance and Microcredit Network of Self Made Social Servants and Fraternal Capitalist Accumulation in Rural Odisha” in the Twelfth AIMS International Conference on Management, IIM, Kozhikode, India (2015).
  • Presented a paper on “political economy of market and the idea of freedom”, University of Salford Research Seminar Series, 29th April 2015.
  • Presented a paper on ‘Hindu Modes of Accumulation in India’, South Asia Seminar Series,   Department for International Development, Queen Elizabeth House, University of Oxford, 28th of November 2013.
  • Presented a paper on “Neoliberalism and Hindutva Politics in India”, at the conference on  Global Capitalism in Asia and Oceania, organised by Network for Critical Studies of Global Capitalism, Griffith University , Brisbane, Australia, June 28-29, 2013.
  • Presented a paper on “Hindu Modes of Capitalist Accumulation in the Bhagavad Gita” at the 2nd International Conference for the Promotion of International Political Economy, Istanbul  University Turkey, 22nd May 2011.
  • Presented a paper on “Religious Modes of Capitalist Accumulation in Hindu Religion” at the Academic Staff College and Department of Economics, Utkal university, Orissa, India, 7th January 2011.
  • Presented a paper on “Alienation to Administrative Categorisation of Poor in the Development Thoughts; Understanding class in India”, in a Conference on "Rural Labourers in Neo-liberal India",  Organized by York University, Toronto, Canada, and XIMB, Orissa, India,  18-19 December 2010.
  • Presented a paper on the Hindu Fundamentalism and the Spirit of Global Capitalism in Kalahandi district, Orissa, in the Centre for the Study of Law and Governance, Jawaharlal Nehru University, New Delhi, India, 8th January, 2010.
  • Presented a paper on Dispossession by Hinduization: A Study of Tribal Development After the New Economic Reforms in India", in the conference on ‘Social Movements and/in the Postcolonial: Dispossession, Development and Resistance’ at the Centre for the Study of Global Justice, University of Nottingham, UK, 24th June, 2008.
  • Presented a Paper on “Globalization of Mining and Massacre in the Process of Industrialization in Orissa: A Case Study of Kalinganagar ” with Prof. Richard Grove, in the International Conference at the  Department of History, Jadavpur University, Calcutta, India, 3rd to 5th March 2006.
  • Presented a Paper on "The History of Food Security Concerns in India with Special reference to Kalahandi" in a Workshop on "Globalizing Scarcity", Organized by the Center for World Environmental History jointly with the Center for the Study of Culture, Development and Environment, University of Sussex, UK. 20 November 2003.
  • Presented a Paper on "Karl Marx and his Method of Study: Locating Ethnographic and Qualitative Method" in the Sixteenth Annual Conference on "Ethnographic and Qualitative Research in Education", June 4, 5 and 6, 2004, at the State University of New York at Albany (USA).
  • Presented a Paper on "Development, Empowerment or Alienation in the Tribal Areas of Orissa: A Case of Globalization in India" in the Canadian Asian Studies Association (CASA) 25 Year Anniversary Conference at Calgary, Alberta, Canada, from October, 2004.
  • Participated in the World Urban Forum organized by UN Habitat at Vancouver, Canada from 19th June 2006 to 23rd June 2006.
  • Participated in the British Association of Asian Studies (BASAS) Annual Conference 2004 on “Contemporary Developments in South Asia” School of Development Studies, University  of East Anglia, UK, 5th to 7th April 2004.