Niti Aayog Vice-Chairman Arvind Panagariya Resigns (Download PDF)

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Panagariya had joined as the first vice-chairman of the Niti Aayog in January 2015. He said the Columbia University was not giving him further extension. He would be leaving the Niti Aayog on August 31.

Image of Dr. Arvind Panagariya

Image of Dr. Arvind Panagariya

Image of Dr. Arvind Panagariya

  • The Indian-American, the first Vice Chairman of Niti Aayog, is the second high profile academic-economist after former RBI Governor Raghuram Rajan to quit a top job in India to return to the teaching profession in the US.
  • The 64-year old Panagariya, did not have a fixed term at Niti Aayog.
  • By convention, the term was to be co-terminus with that of the Prime Minister- Chairperson of the body.

About Dr. Arvind Panagariya

  • Panagariya is a close associate of noted trade economist Jagdish Bhagwati
  • Honoured with Padma Bhushan, the third highest civilian honors, in March 2012.
  • Holds PhD from the Princeton University
  • Worked with the Asian Development Bank, World Bank, IMF, and UNCTAD in various capacities.
  • Among other achievements under his tenure, Niti Aayog was able to push privatization, especially of sick units and Air India, prepare the ground for reforms in several sectors including medical and higher education, and develop a good working relationship with states.

About NITI Aayog

  • On 1 January 2015, Union Government had replaced former six decade old Planning Commission with a new institution named National Institution for Transforming India (NITI Aayog).
  • The aim of this new institution is to serve as Think Tank of the Government.
  • Renowned Economist Arvind Panagariya was appointed Vice Chairman of the NITI Aayog.
  • Economist Bibek Debroy and former DRDO chief V K Saraswat were appointed as full-time members.

- Published/Last Modified on: August 20, 2017


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