Niti Aayog Vice-Chairman, Arvind Panagariya resigns

Aug 1, 2017 17:01 IST

 Arvind Panagariya quits as Vice-Chairman of Niti Aayog Arvind Panagariya, Vice-Chairman of Niti Aayog announced his resignation from the post on 1 August 2017.

Panagariya revealed that he would be returning to the field of academics in the US. His last working day in office would be 31 August 2017.

The 64-year-old was the first one to hold the post of Vice- Chairman in Niti Aayog. He was appointed to the position in January 2015. His resignation now brings an end to his two and a half year-long stint with the Government of India’s policy think-tank.

About Arvind Panagariya

• Panagariya is an Indian-American economist. He is known for his market-friendly views and is a close associate of the well-known trade economist, Jagdish Bhagwati.

• Panagariya was appointed the head of the rejigged plan panel in 2015. He held a cabinet rank.

• Prior to taking up his position at Niti Aayog, he was working as a professor of economics at the Columbia University and as a Chief Economist at the Asian Development Bank.

• He has also served as the professor of economics and co-director at the Centre for International Economics, the University of Maryland at College Park.

• He also has a Ph.D. in economics from Princeton University.

• Panagariya has also previously worked at the World Bank, the International Monetary Fund, World Trade Organisation and the UN Conference on Trade and Development.

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Background

• NITI (National Institution for Transforming India) Aayog came into effect on 1 January 2015.

• It was established by the BJP government, replacing the 65-year-old Planning Commission.

• The main aim behind the body’s creation was to foster involvement and participation in the economic policy-making process by the state governments of India.

• Panagariya was handpicked by Modi to head NITI Aayog immediately after its creation on 1 January 2015.

• Similar to the Planning Commission, NITI Aayog is also chaired by the Prime Minister of India.

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