Arvind Panagariya, NITI Aayog vice-chairman, resigned from his post on Tuesday afternoon, reported ANI. This development was rather shocking as it came hours after Panagariya chaired the Advisory Group meeting of NITI Aayog on re-integration in states. According to a report by The Indian Express, Panagariya will return to academia and may once again join the Columbia University. He has written a letter to PM Modi saying that he was not getting an extension of leave from Columbia University. However, he will continue to serve an s the vice-chairman of NITI Aayog till August 31.
Here is all you need to know about the first vice-chairman of the National Institution for Transforming India (NITI Aayog):
1. Arvind Panagariya is an alumnus of Rajasthan University and also holds a degree in Economics from Princeton University.
2. He has previously served as Chief Economist of Asian Development Bank and as a Professor of Economics and Co-director, Center for International Economics, University of Maryland at College Park.
3. Panagariya also worked for the World Bank, International Monetary Fund, World Trade Organization, and the United Nations Conference on Trade and Development (UNCTAD) in various capacities.
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4. He has written several books including ‘India: The Emerging Giant’, which was published in March 2008 by the Oxford University Press, New York. Panagariya was serving as a professor of Economics at New York’s Columbia University until 2015.
5. A firm supporter of Narendra Modi, he was handpicked by the Prime Minister and appointed as the first vice-chairman of NITI Aayog on January 5, 2015.
In his long career, Panagariya has also edited ‘India Policy Forum’, a journal modeled on the Brookings Papers on Economic Activity and jointly published by the Brookings Institution, Washington DC and the National Council on Applied Economic Research, New Delhi.
The NITI Aayog vice-chairman is known for his market-friendly views.