Ambedkar Jayanti 2025: RBI, Labour Reforms, and NITI Aayog—Baba Saheb’s Contribution to India’s Economy
Dr. B.R. Ambedkar, best known as the architect of the Indian Constitution, also made lasting contributions to India’s economic foundation. His thesis The Problem of the Rupee significantly influenced the establishment of the Reserve Bank of India in 1935, highlighting his vision for monetary stability and economic autonomy.
As Labour Member in the Viceroy’s Executive Council (1942–46), Ambedkar implemented crucial reforms such as fixed working hours, minimum wages, and social security measures. His push for industrial development and equitable resource distribution continues to echo in today’s economic planning, particularly through institutions like NITI Aayog.
