NITI Aayog Vice-Chairman Arvind Panagariya Resigns
New Delhi: NITI Aayog Vice- Chairman and Padma Bhushan Awardee Arvind Panagariya resigned from his post on Tuesday, giving a jolt to the BJP government. He was heading the three-year-old think tank NITI Aayog. However, he continues in the position till the end of the month.
Prime Minister Narendra Modi accepted his resignation. He will be returning to his teaching profession. Before joining the Modi government, Panagaria was a professor of Indian political economy at Columbia University.
The National Institution for Transforming India, or NITI Aayog was formed on January 1, 2015, through a resolution of the central cabinet. Panagariya was appointed its vice-chairman in the same year.
The policy ‘Think Tank’ of the Indian government provides policy inputs and also directional inputs. Apart from that, it also provides relevant technical advice to centre and state governments when strategic and long-term policies for the government of India are designed.
Before he started working with the Indian government, Panagariya worked as chief economist for the Asian Development Bank and taught at the University of Maryland as Professor in economics. He also worked with World Bank, IMF and UNCTAD in various capacities.