New Delhi: Bibek Debroy, renowned economist and Chairman of the Prime Minister’s Economic Advisory Council has passed away at the age of 69.
Known for his expertise in economic reforms and policy-making, Debroy contributed significantly to India’s economic discourse, advising the government on crucial fiscal and monetary issues. His scholarly work included extensive research on income distribution, poverty, and growth models for the Indian economy.
Throughout his career, Debroy advocated for market-friendly reforms, aiming to boost productivity and employment. His approach influenced several government policies, particularly in infrastructure, rural development, and tax reforms, shaping the country’s economic strategies. He also served as the Chairperson of the Finance Ministry’s expert committee for infrastructure classification and financing framework for Amrit Kaal.
To honor his contributions to the Indian economy, he was felicitated with several accolades including the Padma Shri in 2015, and was recognized with the Lifetime Achievement Award at the US-India Business Summit in 2016.
Debroy’s passing marks a significant loss to India’s academic and economic advisory communities. As an esteemed economist, he bridged complex economic theories with practical solutions that catered to India’s diverse challenges. Debroy’s intellectual rigor and dedication to socio-economic upliftment have left a lasting impact on India’s policy landscape.
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