Renowned economist T N Srinivasan, known for his contribution to developmental economics, died following a brief illness here with experts and contemporaries hailing him as a "strong advocate" of liberalisation.
Srinivasan(85), died of aspirated pneumonia Saturday night in the city, family sources told PTI.
He is survived by wife and son.
The cremation is scheduled to take place Tuesday, they said.
A distinguished economist, Srinivasan who had received Doctorate from Yale University was awarded the Padma Bhushan in 2007.
Several economists including former chief economic adviser to the central government Arvind Subramanian condoled his death.
Former Chairman of Prime Minister's Economic Advisory Council, C Rangarajan said, "I am deeply saddened by the death of Dr T N Srinivasan. TN as he was known to his colleagues and friends was one of the India's outstanding economists."
Subramanian described Srinivasan as a 'great Indian economist.'
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