 Manmohan Singh, India's Prime Minister has credited him with being responsible for the high quality of economics education and research in India, by being the founder-director of the Delhi School of Economics, the Institute of Economic Growth, Delhi and the Institute for Social and Economic Change, Bangalore.In the international sphere he was one of the central forces behind the institution of the United Nations Development Program (UNDP) and the IDA.He is commemorated by the VKRV Rao prizes in Social Science Research.