For policymakers investigating the effective transition of an economy from agriculture to manufacturing and services, there are complex economic, institutional, and practical considerations. “Are certain regions trapped in an under-industrialization state?” asks Tishara Garg, an economics doctoral student at MIT. “If so, can government policy help them escape this trap and transition to an economy characterized by higher levels of industrialization and better-paying jobs?”
Garg’s research focuses on trade, economic geography, and development. Her studies yielded the paper “Can Industrial Policy Overcome Coordination Failures: Theory and Evidence from Industrial Zones,” which investigates whether economic policy can shift an economy from an undesirable state to a desirable state.
Garg’s work combines tools from industrial organization and numerical algebraic geometry. Her paper finds that regions in India with state-developed industrial zones are 38 percent more likely to shift from a low to high industrialization state over a 15-year period than those without such zones.
The kinds of questions uncovered during her studies aren’t easily answered using standard technical and econometric tools, so she’s developing new ones. “One of my study’s main contributions is a methodological framework that draws on ideas from different areas,” she notes. “These tools not only help me study the question I want to answer, but are also general enough to help study a broader set of questions around multiple challenges.”
The new tools she’s developed, along with a willingness to engage with other disciplines, have helped her discover innovative ways to approach these challenges while learning to work with new ones, options she asserts are actively encouraged at an institution like MIT.
“I benefited from having an open mind and learning different things,” she says.
“I was introduced to academia late”
Garg’s journey from Kaithal, India, to MIT wasn’t especially smooth, as societal pressures exerted a powerful influence. “The traditional path for someone like me is to finish school, enter an arranged marriage, and start a family,” she says. “But I was good at school and wanted to do more.”
Garg, who hails from a background with limited access to information on career development opportunities, took to math early. “I chose business in high school because I planned to become an accountant,” she recalls. “My uncle was an accountant.”
While pursuing the successful completion of a high school business track, she became interested in economics. “I didn’t know much about economics, but I came to enjoy it,” she says. Garg relishes the pursuit of deductive reasoning that begins with a set of assumptions and builds, step by step, toward a well-defined, clear conclusion. She especially enjoys grappling with the arguments she found in textbooks. She continued to study economics as an undergraduate at the University of Delhi, and later earned her master’s from the Indian Statistical Institute. Doctoral study wasn’t an option until she made it one.
“It took me some time to convince my parents,” she says. She spent a year at a hedge fund before applying to economics doctoral programs in the United States and choosing MIT. “I was introduced to academia late,” she notes. “But my heart was being drawn to the academic path.”
Answering ambitious and important questions
Garg, who hadn’t left India before her arrival in Cambridge, Massachusetts, found the transition challenging. “There were new cultural norms, a language barrier, different foods, and no preexisting social network,” she says. Garg relied on friends and MIT faculty for support when she arrived in 2019.
“When Covid hit, the department looked out for me,” she says. Garg recalls regular check-ins from a faculty advisor and the kind of camaraderie that can grow from shared circumstances, like Covid-related sheltering protocols. A world that forced her to successfully navigate a new and unfamiliar reality helped reshape how she viewed herself. “Support from the community at MIT helped me grow in many ways,” she recalls, “I found my voice here.”
Once she began her studies, one of the major differences Garg found was the diversity of opinions in her field of inquiry. “At MIT, I could speak with students and faculty specializing in trade, development economics, industrial organization, macroeconomics, and more,” she says. “I had limited exposure to many of these subfields before coming to MIT.”
She quickly found her footing, leaning heavily on both her past successes and the academic habits she developed during her studies in India. “I’m not a passive learner,” she says. “My style is active, critical, and engaged.”
Conducting her research exposes Garg to new ideas. She learned the value of exploring other disciplines’ approaches to problem-solving, which was encouraged and enabled at MIT.
One of the classes she came to enjoy most was a course in industrial organization taught by Tobias Salz. “I had little familiarity with the material, and it was highly technical — but he taught it in such a clear and intuitive way that I found myself truly enjoying the class, even though it was held during the pandemic,” she recalls. That early experience laid the groundwork for future research. Salz went on to advise her dissertation, helping her engage with work she would build upon.
“Answering ambitious and important questions is what draws me to the work,” Garg says. “I enjoy learning, I enjoy the creative process of bringing different ideas together and MIT's environment has made it easy for me to pick up new things.”
Working with her advisors at MIT helped Garg formalize her research and appreciate the value of uncovering questions and developing approaches to answer them. Professor Abhijit Banerjee, an advisor and Nobel laureate, helped her understand the importance of appreciating different traditions while also staying true to how you think about the problem, she recalls. “That gave me the confidence to pursue the questions in ways that felt most compelling and personal to me,” she says, “even if they didn’t fit neatly into disciplinary boundaries.”
This encouragement, combined with the breadth of perspectives at MIT, pushed her to think creatively about research challenges and to look beyond traditional tools to discover solutions. “MIT’s faculty have helped me improve the way I think and refine my approach to this work,” she says.
Paying it forward
Garg, who will continue her research as a postdoc at Princeton University in the fall and begin her career as a professor at Stanford University in 2026, singles out her network of friends and advisors for special praise.
“From regular check-ins with my advisors to the relationships that help me find balance with my studies, the people at MIT have been invaluable,” she says.
Garg is especially invested in mentorship opportunities available as a researcher and professor. “I benefited from the network of friends and mentors at MIT and I want to pay it forward — especially for women, and others from backgrounds like mine,” she says.
She cites the work of her advisors, David Atkin and Dave Donaldson — with whom she is also collaborating on research studying incidences of economic distortions — as both major influences on her development and a key reason she’s committed to mentoring others. “They’ve been with me every step of the way,” she says.
Garg recommends keeping an open mind, above all. “Some of my students didn’t come from a math-heavy background and would restrict themselves or otherwise get discouraged from pursuing theoretical work,” she says. “But I always encouraged them to pursue their interests above all, even if it scared them.”
The variety of ideas available in her area of inquiry still fascinates Garg, who’s excited about what’s next. “Don’t shy from big questions,” she says. “Explore the big idea.”
