economy Articles


Arvind Panagariya On Indian Economy, NITI Aayog and The Changes


In August last year, Prime Minister Narendra Modi announced that the Planning Commission had become redundant, and handpicked Arvind Panagariya, the Jagdish Bhagwati Professor of Indian Political Economy at Columbia University, to head the organisation in its new avatar, the National Institution for Transforming India or NITI Aayog. Since then, he has cut the size of the institution, ensured greater play for states in policymaking, and is aiming to make it a hub for sharing ideas that promote cooperative and competitive federalism. However, he has his task cut out now — to push large projects, turn NITI Aayog into an independent think tank and prod states to implement reforms independently