Rare earth ion Pr 3þ was co doped in yellow emitting YAG:Ce nanophosphor to introduce red emission for improving colour rendering property of white LED. Nanocrystalline YAG:Ce, YAG:Ce, Pr was synthesised by a single step auto combustion process. Photoluminescence (PL) emission spectra of YAG:Ce, Pr nanophosphor, when excited by 460 nm blue light, exhibited sharp red emission peaks at 610 nm from Pr 3þ ions in addition to broad yellow emission from Ce 3þ peaking at 540 nm due to charge transfer from excited Ce 3þ 5d band to. Ce 3þ (yellow) and Pr 3þ (red) emission decays in tens of nanoseconds and microseconds, respectively. Electroluminescence spectra of blue LED with developed phosphor layer shows colour coordinates (0.30, 0.39) close to ideal white light.