It's time govt learnt from the past practice of nurturing a team of economists as economic policy advisors
You showed courage to appoint an outsider, the Niti Aayog vice chairman wrote to Modi
The Aayog was free to give advice to the government, but none of it was binding on it
Like Raghuram Rajan, Panagariya was equally outspoken, but only on issues within NITI Aayog's ambit
Centre has successor in mind, to announce name shortly
ARVIND PANAGARIYA, first vice-chairman of the NITI Aayog, replacement for the five-decade-old Planning Commission, has decided to return to academics. The noted economist in an interaction with a group of journalists. Edited excerpts:Was the decision sudden or prompted by an event?Not like that. I was in discussion with Columbia University (he's a professor there) for some months on extending my leave. They declined to do so and, at this age, I won't get a job equivalent to my existing profile there. Therefore, almost two months earlier, I requested the Prime Minister to relieve me of my responsibilities, as I wanted to go back to teaching. The PM is chairman of NITI Aayog. He urged me to reconsider. After much back and forth, I have finally decided to pursue my first love.So, not a sudden decision?Absolutely not. My leave from Columbia was coming to an end this August and despite my persuasion, the university was unwilling to extend it, leaving me no other option.Given a chance, ...
He adds, 'when 7-8% growth happens, it cannot happen that the labour market is not benefiting'
Market is recognising reforms govt is undertaking, says Niti Aayog Vice-Chairman Arvind Panagariya
Interview with vice-chairman, NITI Aayog
India needs to work on both manufacturing sector and services sector, says Arvind Panagariya
Stress was laid on increasing agricultural productivity & wages of workers
Comment came against backdrop of controversy over remarks by Debroy on taxing agricultural income
Move could help address the issue of space constraints & land scarcity
Says, Idea of setting up a state-owned asset reconstruction company is needed to be created quickly
There will be some impact in 2016-17 fiscal because of demonetisation, Panagariya said
56% workforce in Assam in 2011-12 were in agriculture and only 6.5% in industry and the remaining 37.5% in services
Analysts say Indian economy will have to grow at over 10 per cent in the next 15 years to hit the $10 trillion level
While India is seeking greater flexibility on the issue, China and the United States on Saturday ratified the Paris accord
He said that the country needs to take up all aspects of human and social development
Govt has made it clear that it would prefer an economist to take over the top job in India's central bank