IN PICS | Economic Visionaries Who Crafted India's Growth Trajectory

From 1947, India's economic path was guided by some visionary economists. After 76 years of independence, the nation's resilience and growth owe much to their contributions. Let us remember them

Independence Day Mahalanobis Man Amartya Sen Visionaries Of Economics Who Shaped India's Growth Path

Prof. Prasanta Chandra Mahalanobis: A pioneer in statistics and economics, Prof. Mahalanobis played a monumental role in shaping India's Second Five-Year Plan. Prof. Prasanta Chandra Mahalanobis is often referred to as the father of Indian Statistics. Mahalanobis was born in Calcutta, India in 1893. Mahalanobis was a strong advocate of central planning, and he believed that the government should play a leading role in the economy. The Mahalanobis model was based on a focus on heavy industry, and it helped to lay the foundation for India's industrialisation. (Image: ISI)

VKRV Rao: VKRV Rao was born in Mysore, India in 1908. He studied economics at the University of Mysore and then went on to earn a PhD from the London School of Economics. Rao was a member of the Planning Commission for many years, and he served as its chairman from 1964 to 1971. He was a strong advocate of agricultural development, and he helped to introduce a number of policies that boosted agricultural production. (Image: DSE)