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I am also from Delhi and i didn't says so. I think JNU is too cool and can be a potential distraction source for a PHD aspirant. Phd programs abroad considers what work you have done, any research potential and how much maths you know. If you don't know economics, they are ready to digest that coz they can teach you eco but they certainly won't consider teaching you maths. So, IGIDR should be your choice and moreover, it's RBI's pet. what else you want.
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