Former Niti Aayog VC Arvind Panagariya slams India's move to raise tariffs

Favours India's stimulus strategy, criticises NEP focus on spending more at school level without correcting teaching structures

Former Niti Aayog vice-chairman Arvind Panagariya on Saturday slammed India's move to raise tariffs, saying it will discourage firms from growing bigger. He also opposed the New Education Policy's focus on spending more money on the school education without rectifying the teaching structure there.

He also said that India did the right thing by not going for a big stimulus as such a move by US did not produce results.

Answering queries at India@75 Summit, organised by the Confederation of Indian Industry, he said though Aatmanirbhar Bharat policy of the government did not talk of restricting trade, tariffs have increased