Awards and Honors
- CORE Fellow, 1981–82
- The National Mahalanobis Memorial Medal, 1989
- UGC-Prabhavananda Award for Economics, 1990
- Fellow of the Econometric Society, 1991–Present
- Padma Bhushan, Government of India, 2008
- D.Litt. (Honoris Causa) for “Outstanding Contribution to the Field of Economics”, University of Lucknow, 2010.
- Elected President-Elect of the Human Development and Capabilities Association.
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“My heart’s subdued
Even to the very quality of my lord.
I saw Othello’s visage in his mind,
And to his honors and his valiant parts
Did I my soul and fortunes consecrate.”
—William Shakespeare (1564–1616)