Economist D H Pai Panandiker passes away following prolonged illness

Panandiker had suffered a heart attack in July this year after which he had not been keeping well, his daughter Surekha Panandiker told Business Standard

Eminent economist D H Pai Panandiker passed away in the national capital on Monday following prolonged illness. He was 86 and is survived by a son and a daughter.

Panandiker suffered a heart attack in July this year and had been unwell since then, his daughter Surekha Panandiker told Business Standard.

He served as the secretary general of the Federation of Indian Chambers of Commerce and Industry (Ficci) for a decade from 1981, and voiced the interests of India Inc during the licence permit raj.

Those close to him said he was offered a plum post in Hindustan Times after he left Ficci