Vijayendra Kasturi Ranga Varadaraja Rao was an Indian economist, politician and educator from Tamil Nadu.
Early life
Rao was born in a Madhwa Brahmin family on 8 July 1908 at Kancheepuram in Tamil Nadu to Kasturirangachar and Bharati Amma. He had his early schooling in Tindivanam and Madras. He was a recipient of the Padma Vibhushan. He served as a Union Minister for the Education in 1971, elected as member for Bellary in 1967 and 1971. He obtained a B.A and M.A in economics from Bombay University before earning another B.A from Cambridge. He was awarded a Ph.D. in 1937 from Gonville and Caius College, Cambridge. The title of his doctoral thesis was "The national income of British India, 1931-1932". He studied with John Maynard Keynes.
Honours
Rao received many awards that include: Cobdon Club Medal in Political Economy, Lord Minto Scholarship, Dakshina Fellowship, Madan Memorial Lecture in Indian Currency, Bombay, Sir Mangaldas Nathubhai Traveling Fellowship, Bombay University, Carton Studentship in Social Sciences, Great Britain, Sir Thomas Greshan Research Studentship, Caius College, CambridgeAdam Smith Prize, Cambridge and Dadabhai Nauroji Memorial Prize. Academic Honours include Honorary D.Litt. from Delhi, Jabalpore, Indore, Andhra and Nagpur Universities, Hon D.C.L. from Oxford University, Honorary Professorship of Osmania, Andhra Universities, Hon. Fellowship of Conville and Caius College, Cambridge.
Notable among his works are: Taxation of Income in India , An essay on India’s National Income -1925-29 – ; The National Income of British India ; India and International Currency Plans ; Post-War Rupee ; Gandhian Alternative to Western Socialism ; Values and Economic Development – The Indian Challenge ; the Nehru Legacy ; Swami Vivekananda – Prophet of Vedantic Socialism ; Many Languages and One Nation – the Problem of Integration ; India’s National Income 1950-80 Food, Nutrition and Poverty ; Indian socialism: Retrospect and Prospect, etc. He was awarded Padma Bhushan by the Government of India in 1974.
Notable among the learned bodies and conferences with which he was associated are: Corresponding Member, Institute de Science Economique, Paris; Correspondent, Royal Economic Society, London; Hon. Member, Japan Economic Research Centre, Delhi Karnataka Sangha, Tokyo; Member, Governing Body, International Association for Research in Income and Wealth; Member, Governing Body, International Economic Association; Member, Governing Body, International Institute for Educational Planning; President, Indian Agricultural Economic Conference; etc. etc. He was member of several Commissions and Committees, prominent among which being Member-Secretary, Bombay Economic Industrial Survey Committee; Chairman, U.N Sub-Commission for Economic Development and the IDA. He is commemorated by the VKRV Rao prizes in Social Science Research.