In the trade and industry discipline, Karim Al Hussaini Aga Khan, whose domicile is France/UK, has been selected for Padma Vibhushan award, the country's second highest civilian honour.
Ashok Gulati, former chairman of Commission for Agricultural Costs and Prices (CACP), also gets Padma Shri in the public affairs category, according to an official statement.
Billionaires Bill and Melinda Gates in 2000 set up Bill & Melinda Gates Foundation, which works in areas such as poverty, health and education. In developing countries, the Foundation focuses on improving people's health and giving them the chance to lift themselves out of hunger and extreme poverty.
Chetty is the youngest tenured faculty in the history of Harvard's economics department. He had joined the Department at the age of 29.