Dhananjay Ramchandra Gadgil, is popularly known as D. R. Gadgil, was an Indian economist and the vice-chairman of the Planning Commission of India. He was the founder Director of Gokhale Institute of Politics and Economics, Pune. He is also the author of the Gadgil formula, which served as a base for the allocation of central assistance to states during the Fourth and Fifth Five Year Plans of India. He is also responsible for the development of the Farmers’ Cooperative movement in Maharashtra.

Dr. D. R. Gadgil was an enthusiastic reader; has his library was composed of 3000 books. He died on 3rd May 1971; after he died in 1972, the Government of Maharashtra and the Ministry of Agriculture jointly started a training institute called DhananjayraoGadgil Institute of Co-operative Management (DGICM) at Nagpur. DGICM provides training for state government and cooperative sector employees. The Insitute is run by the National Council for Cooperative Training (NCCT), New Delhi.

This commemorative was issued on 8th February 2008 by the Indian Government to commemorate him and his work.

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