Dr. Bibek Debroy

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Dr. Bibek Debroy

Why in news:

The Prime Minister, Shri Narendra Modi has condoled the passing away of Indian Economist and Chairman of Economic Advisory Council to the Prime Minister, Dr. Bibek Debroy.   

Who was Dr. Bibek Debroy?

•  He was Chairman of the Prime Minister’s economic advisory council at the time of his passing. Bibek Debroy who helmed Naredra Modi’s vision of Amrit Kaal, an aspirational plan for a prosperous and self-reliant India. 
• Debroy, as the head of the finance ministry’s expert committee for infrastructure classification and financing framework for Amrit Kaal, aimed to make India a high-tech production economy.

Career:

• He was educated in West Bengal’s Ramakrishna Mission School, Narendrapur; Presidency College, Kolkata; Delhi School of Economics and Trinity College, Cambridge
• In a career spanning nearly 40 years, Debroy held various academic positions in Presidency College, Kolkata (1979-83), Gokhale Institute of Politics and Economics, Pune (1983-87) and the Indian Institute of Foreign Trade, Delhi (1987-93).

Contributions:

• At the federal think-tank , he was instrumental in changing how the Indian Railways, the largest public-sector enterprise, was run. 
• The focus was on minimising the lumbering social cost of running the behemoth through what economists like to call “efficiency gains” from privatisation. 
• In 2017, he co-authored Indian Railways: The Weaving of a National Tapestry, an engaging history of Indian Railways..
• According to the Debroy committee’s estimates, the railways will need capital investment of nearly Rs.50 lakh crore until 2030 for expanding its network and ratcheting up capacity to meet growing requirements of passenger and freight services.
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