11-02-2024     3 رجب 1440

An Icon Gone

November 02, 2024 |

Bibek Debroy, a distinguished economist and the chairman of the Prime Minister’s Economic Advisory Council (EAC-PM), passed away at the age of 69, leaving behind a legacy that has profoundly impacted India’s economic landscape. Known for his intellectual rigor, Debroy’s career spanned decades of research, public service, and academia, and his contributions have shaped policies that have left a lasting mark on our economic development. Debroy was a man of ideas, a polymath who brought a multidimensional perspective to economic policy in India. Born with an insatiable curiosity, he pursued economics with a passion that saw him rise to prominence as a leading academic. He earned degrees from prestigious institutions and developed expertise in areas like international trade, public finance, and welfare economics. His early career saw him delve into research with the Indian Council for Research on International Economic Relations (ICRIER) and serve as a professor at the Delhi School of Economics. His contributions to academic thought included numerous publications, articles, and papers that explored the complexities of economic theory with a sharp, analytical lens. His influence became particularly pronounced when he took on the role of chairman of the EAC-PM in 2017. As a key economic advisor to Prime Minister Narendra Modi, he offered a pragmatic approach to policy, balancing our traditional strengths with the need for modern economic reforms. Under his leadership, the EAC-PM provided critical insights into India’s growth trajectory, often addressing complex issues like job creation, inflation, and fiscal consolidation. Debroy championed reforms in sectors like infrastructure, agriculture, and manufacturing, recognizing them as essential for driving India’s economic potential. His advocacy for structural reforms and fiscal responsibility provided a strategic direction that has contributed to India’s economic resilience, especially during global uncertainties. One of Debroy’s significant achievements was his role in advancing “ease of doing business” initiatives. He advocated for reducing bureaucratic hurdles and streamlining processes for both domestic and foreign investors, making India a more attractive destination for investment. His vision emphasized economic inclusivity, arguing that growth should uplift all segments of society, not just the privileged. This balanced approach highlighted his commitment to fostering a sustainable and equitable economic model. Beyond economics, Debroy was a prolific translator of ancient Indian texts. His translations of the Mahabharata and other classical Sanskrit texts showed a deep appreciation for India’s cultural heritage. He believed that understanding India’s roots was essential for shaping its future, bridging the gap between tradition and modernity in his own unique way. Bibek Debroy’s passing marks the end of an era in India’s economic thought leadership. He leaves behind a legacy of intellectual rigor, reform-minded leadership, and a profound commitment to our country’s progress.

An Icon Gone

November 02, 2024 |

Bibek Debroy, a distinguished economist and the chairman of the Prime Minister’s Economic Advisory Council (EAC-PM), passed away at the age of 69, leaving behind a legacy that has profoundly impacted India’s economic landscape. Known for his intellectual rigor, Debroy’s career spanned decades of research, public service, and academia, and his contributions have shaped policies that have left a lasting mark on our economic development. Debroy was a man of ideas, a polymath who brought a multidimensional perspective to economic policy in India. Born with an insatiable curiosity, he pursued economics with a passion that saw him rise to prominence as a leading academic. He earned degrees from prestigious institutions and developed expertise in areas like international trade, public finance, and welfare economics. His early career saw him delve into research with the Indian Council for Research on International Economic Relations (ICRIER) and serve as a professor at the Delhi School of Economics. His contributions to academic thought included numerous publications, articles, and papers that explored the complexities of economic theory with a sharp, analytical lens. His influence became particularly pronounced when he took on the role of chairman of the EAC-PM in 2017. As a key economic advisor to Prime Minister Narendra Modi, he offered a pragmatic approach to policy, balancing our traditional strengths with the need for modern economic reforms. Under his leadership, the EAC-PM provided critical insights into India’s growth trajectory, often addressing complex issues like job creation, inflation, and fiscal consolidation. Debroy championed reforms in sectors like infrastructure, agriculture, and manufacturing, recognizing them as essential for driving India’s economic potential. His advocacy for structural reforms and fiscal responsibility provided a strategic direction that has contributed to India’s economic resilience, especially during global uncertainties. One of Debroy’s significant achievements was his role in advancing “ease of doing business” initiatives. He advocated for reducing bureaucratic hurdles and streamlining processes for both domestic and foreign investors, making India a more attractive destination for investment. His vision emphasized economic inclusivity, arguing that growth should uplift all segments of society, not just the privileged. This balanced approach highlighted his commitment to fostering a sustainable and equitable economic model. Beyond economics, Debroy was a prolific translator of ancient Indian texts. His translations of the Mahabharata and other classical Sanskrit texts showed a deep appreciation for India’s cultural heritage. He believed that understanding India’s roots was essential for shaping its future, bridging the gap between tradition and modernity in his own unique way. Bibek Debroy’s passing marks the end of an era in India’s economic thought leadership. He leaves behind a legacy of intellectual rigor, reform-minded leadership, and a profound commitment to our country’s progress.


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