Top 10

Top 10 Famous & Best Economists of India | You Must Know

India is a land of culture, history, democracy, and many such credits which India holds. Having the first university, an ancient civilization, and the land of spices, India has produced many prominent personalities who are known worldwide.

The economy plays an important role in national development and many such economists are in this world who have helped to shape the nation as it is now, and in that many, Indians are also featured who are widely respected for their decision-making ability and have helped to give a boost to nation’s economy and help to lift the GDP.

Here is the list of Top Economists from India who has contributed to the country’s growth.

10. Amartya Sen

Amartya Sen born Amartya Kumar Sen is an Indian economist and philosopher who has taught and worked in India, the US, and the UK. Sen has made many contributions to welfare, social change theory, economy, and social justice and has helped many developing countries with his economic knowledge.

He is the Thomas W. Lamont University Professor at Harvard University and a member of the faculty at Harvard Law School. He is a Fellow and former Master of Trinity College, Cambridge, and was awarded the Nobel Prize for his work in the field of economics.

9. Arvind Subramanian

Arvind Subramanian is an Indian Economist and a former Chief Economic Advisor for the Government of India. He studied at DAV Boy’s secondary school in Chennai and studied at St Stephans College, New Delhi. He then did his MBA from IIM-A and MPhil and DPhil from the University of Oxford. He worked as the Assistant Director in the Research Department of the International Monetary Fund. He worked closely with Raghuram Rajan during his tenure at the IMF. 

When Raghuram Rajan got the position of the Governor of RBI, the Chief Economic Advisor position was left vacant, and then Mr. Subramanian took over the position. 

He has been appreciated by the Finance Minister of India for conceptualizing the Jan Dhan-Aadhaar-Mobile trinity, or JAM, as a database of citizens for availing public benefits. Subramanian was also responsible for bringing the annual Economic Survey of India, traditionally released prior to the presentation of the union budget in the Indian parliament. 

8. Amiya Kumar Bagchi

Amiya Kumar Bagchi
Amiya Kumar Bagchi – Indian Economist

Amiya Kumar Bagchi is a distinguished Indian political economist and his contributions have spanned economic history, the economics of industrialization and deindustrialization, and development studies from an overall Marxist perspective. Among the Marxist perspective of economics, he is well known for his extensive contributions.

7. Isher Judge Ahluwalia

Isher Judge Ahluwalia is a recipient of a Ph.D. from Massachusetts Institute of Technology (MIT), an M.A. from the Delhi School of Economics, and a B.A. (Eco Hons) degree from Presidency College, Kolkata, University of Calcutta.

She is a prominent economist and a chairperson of Emeritus, on the Board of Governors, and the Indian Council for Research on International Economic Relations (ICRIER). Her research has focused on urban development, industrial development, macroeconomic reforms, and social sector development issues in India.

6. Y V Reddy

 Y V Reddy

Yaga Venugopal Reddy is an Indian economist and a retired Indian Administrative Service officer. He has served as the governor of RBI and has been awarded Padma Vibhushan. Reddy received his M.A. in economics from Madras University, India, and his Ph.D. from Osmania University, Hyderabad.

He also holds a diploma in economic planning from the Institute of Social Studies, Netherlands. Reddy was awarded the degrees of Doctor of Letters (Honoris Causa) by Sri Venkateswara University, India; and Doctor of Civil Law (Honoris Causa) by the University of Mauritius. On 17 July 2008, he was made an Honorary Fellow of the London School of Economics.

5. Surjit Bhalla

Surjit Bhalla is an Indian economist and author who is currently an executive director for India at the International Monetary Fund (IMF). He is the Chairman and managing director of Oxus Investments and has been appointed as a member of the newly-formed Economic Advisory Council of the Government of India. He is of sharp wit and has the ability to spot trends early.

4. Bibek Debroy

Bibek Debroy is an Indian economist and the author has made significant contributions to game theory, economic theory, income and social inequalities, poverty, law reforms, railway reforms, Indology, and many others.

He is currently serving as the Chairman of the Economic Advisory Council to the Prime Minister and since the inception of NITI Ayog, he has been an active member. He was awarded the Padma Shri in 2015 and In 2016, he was awarded the Lifetime Achievement Award by US-India Business Summit. 

3. Jairam Ramesh

A politician and economist, Jairam Ramesh attended St. Xavier’s school in Ranchi and was a graduate of IIT Bombay  Carnegie Mellon University’s Heinz College and MIT. He has been influenced by many economists since his early schooling days which made him study economics.

However, he was an active student and had planned to study technology policy, economics, engineering, and management at MIT but due to some personal issues, he had to return to India. Jairam Ramesh is a founding member of the Indian School of Business and a member of the International Council of the New York-based Asia Society.

2. Manmohan Singh

Manmohan Singh is an Indian economist, academic, and politician who served as the Prime Minister of India. He obtained a doctorate in economics from Oxford and served and worked at the United Nations. He began his bureaucratic career when he was hired as an advisor for the Ministry of Commerce and Industry.

He has held several key positions in the government of India such as Chief Economic Officer, Governor of RBI, and ahead of the planning commission. He was the 22nd minister of Finance and 16th minister of Personnel, Public Grievances, and Pensions during his tenure as the Prime Minister of India.

1. Raghuram Rajan

Raghuram Govinda Rajan is an Indian economist and the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. He has served as Chief Economist and Director of Research at the International Monetary Fund and 23rd Governor of the Reserve Bank of India during his tenure as Governor, he became Vice-Chairman of the Bank for International Settlements.

He has written various books and his book Fault Lines: How Hidden Fractures Still Threaten the World Economy, won the Financial Times/Goldman Sachs Business Book of the Year. He is a recipient of various awards and today many people look up to him for economy-related queries…

[ Also Checkout: 10 Indian Inventions That We Should Be Thankful For ]

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