Niti Aayog Vice-Chairman, Arvind Panagariya resigns
Arvind Panagariya, Vice-Chairman of Niti Aayog has announced his resignation from the post, citing academia as the main reason. His last working day in office would be 31 August 2017.
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.
• 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.