"Ambedkar is my father in Economics .... His contribution in the field of economics is marvellous and will be remembered forever . . . " “Dr. Amartya Sen….” This research studies how Dr. B. R. Ambedkar, was a modern economists who not only analysed economic problems during British India and post-independence but also had an interdisciplinary approach. He was jurist and social reformer who addressed various issues in the administration of East India Company, socio-political issues of Indian society and so on. In this paper his major contributions to the Indian economy with respect to society.