GUWAHATI, Oct 19: Renowned economist of the country Dr. Jayanta Madhab has breathed his last at Apollo Hospital here on Monday morning.
He was 90. He has been suffering from cardiac ailments.
On October 5, he was admitted to GNRC Hospital. Dr Madhab was admitted to Apollo Hospital on October 17.
He graduated from JB College in Jorhat with honours in Economics and did his MA from Gauhati University.
Madhab, who was a brilliant student, earned his doctorate degree in financial management from London School of Economics.
Dr Madhab worked as the financial adviser to the Calcutta Metropolitan Development Corporation.
The economist served as a director at the Asian Development Bank (ADB).
Dr Madhab was also the founder chairman of North Eastern Development Finance Corporation Ltd (NEDFi).
He also played a significant role in the field of skill development in Assam.
He served as the economic advisor to the Assam government from 2003-2009 during the tenure of former chief minister Tarun Gogoi.
The mortal remains of Dr Madhab have been taken to his residence at Kharghuli in Guwahati.
His death has been widely mourned across the state.
In a statement here, chief minister Sarbananda Sonowal said that with the death of Dr. Madhab, the state lost an economist who by dint of his sheer expertise in economics helped the state in taking a slew measures on economic and financial affairs.
The chief minister asked chief secretary to complete his last rites with full state honour.
State industries minister Chandra Mohan Patowary has condoled the demise of Dr Madhab and said, “Jayanta Madhab was an eminent economist and scholar who attributed a lot to the economic and financial development of Assam. Through his in depth knowledge and analysis on economic affairs, he brought about a marked change in the financial scenario of the state. His contribution as director of Asian Development Bank and chairman, NEDFi will be always remembered. His demise is an irreparable loss to our society.”