Arvind Panagariya
Jagdish N. Bhagwati Professor of Indian Political Economy
Personal Details
Focus areas: International trade policy, economic development, economic reforms with focus on India
Arvind Panagariya is Professor of Economics and the Jagdish Bhagwati Professor of Indian Political Economy at Columbia University.
From January 2015 to August 2017, he served as the first Vice Chairman of the NITI Aayog, Government of India in the rank of a Cabinet Minister. During these years, he also served as India’s G20 Sherpa and led the Indian teams that negotiated the G20 Communiqués during presidencies of Turkey (2015), China (2016) and Germany (2017).
Professor Panagariya is a former Chief Economist of the Asian Development Bank and was on the faculty of the Department of Economics at the University of Maryland at College Park from 1978 to 2003. During these years, he also worked with the World Bank, IMF and UNCTAD in various capacities. He holds a Ph.D. degree in Economics from Princeton University.
Professor Panagariya has authored more than fifteen books. His book India: The Emerging Giant (2008, OUP, New York) was listed as a top pick of 2008 by The Economist and described as the “definitive book on the Indian economy” by Fareed Zakaria of the CNN. The Economist has described his book, Why Growth Matters, (with Jagdish Bhagwati) as “a manifesto for policymakers and analysts.”
Scientific papers by Professor Panagariya have appeared in the top economics journals such as the American Economic Review, Quarterly Journal of Economics, Review of Economic Studies and International Economic Review while policy papers by him have appeared in the Foreign Affairs and Foreign Policy. He writes a monthly column in the Times of India and his guest columns have appeared in the Financial Times, Wall Street Journal and India Today.
In March 2012, the Government of India honored Professor Panagariya with Padma Bhusan, the third highest civilian honors the country bestows in any field.
Education
- PhD in Economics, Princeton University
- BA, Rajasthan University
Honors and Awards
- Vice-Chairman, NITI Aayog, 2015-2017
Research And Publications
In The Media
“The Economic Cooperation and Trade Agreement (ECTA), signed by India and Australia on April 2, establishes a free trade agreement (FTA) in both goods and services between the two nations. From the viewpoint of India, this is a landmark development,” Arvind Panagariya writes.
"Critics claimed that while corporations have returned to normal levels of activity, unemployment, poverty and distress among MSMEs continues to rise," Arvind Panagariya writes.
India is poised to grow at 7-8% over the next decade and be the third largest economy by 2030 on the back of four big reforms by the government. This could even go up to 9-10% with increasing the size and scale of operation and doing away with protectionism, Arvind Panagariya said.
"The implicit view taken by the finance minister seems to be that specific schemes for specific groups already exist and the scarce time of the Parliament and the nation must be devoted to outlining the road map of development, which is for everyone," Arvind Panagariya writes.
Arvind Panagariya talks about India's Budget 2022 and its implications on society, the individual consumer and most importantly the economy.