• Bharat Ratna Dr. Babasaheb Ambedkar: an eminent socio-economic thinker and epoch-maker shaped the economic destiny of India by introducing many tenets of the State Socialism into the Constitution of free India. He was a post-graduate of Columbia University (U.S.) and obtained his doctoral degree in economics from there in 1917 and D.Sc. degree in 1921 from the renowned London School of Economics. Abroad, he shared his thoughts with distinguished economists like Prof. Seligman and Prof. Cannon. He had a short stint with Sydenham College Bombay as a lecturer in economics during 1918 -20.
    Agriculture is the backbone of the Indian economy many problems like land reforms, fragmentation, and subdivision of land were discussed by Dr. Ambedkar threadbare. The problems are still current and are further aggravated by the density of population and urbanization. The size of landholding is getting diminished day by day causing innumerable misery to the farmers. The marginalization of land is marginalizing the landholders on large scale. Dr. Ambedkar foresaw all this and emphasized the inability of consolidation and other means of increasing the size. He was aware that any system of equitable distribution of land and land reforms would be inadequate for the singular reason that there is no ample land relative to population. Therefore he felt that collectivism was the only answer for problems of agriculture. This was in tune with the welfare State visualized then. Collective farming would reap the advantages of large-scale production which would increase labor productivity. He was for the growth and development of agro-based industries and the industrialization of the rural areas.