Eminent industrial economist, D.U. Sastry passed away on 5 September 2011.
Shastri received his early education in Economics at Mysore University and at Amherst College in Massachusetts, United States. He spent some time as a research scholar under D.R. Gadgil at the Gokhale Institute of Politics and Economics in Pune. He was also a research fellow at the University of Pennsylvania and was associated with Nobel laureate L.R. Klein.
Professor Sastry started his career with a short stint at the Indian Institute of Economics in Hyderabad. He then moved to the Institute of Economic Growth in Delhi, then headed by V.K.R.V. Rao, in 1961. He stayed with Institute of Economic Growth in Delhi till his retirement in 1990.
Professor Sastry contributed significantly with his work on demand for energy in north-western India, in association with P.N. Dhar. He was also a part of other studies related to sugar industry location, inventories in manufacturing, investment and financing in the corporate sector, import substitution, and the cotton textile industry.
He was also closely associated with the development perspectives of Karnataka studies under the overall guidance of Professor Rao, founder of the Institute of Social and Economic Change.
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