Arvind Panagariya to be Vice-Chairman of PM Narendra Modi’s NITI Aayog

www.smsvaranasi.com

  • Eminent free-market economist Arvind Panagariya has been appointed to run Indian prime minister Narendra Modi’s new policy commission, or NITI Aayog.
  • Niti Aayog has been set up to modernise economic strategy after decades of Soviet-style central planning
  • the appointment of Panagariya, an Indian-born economics professor at Columbia University in New York, is likely to be announced in the next 24 hours.
  • Panagariya’s market-friendly, pro-growth economics has helped shape Narendra Modi’s outlook and is seen by many as a Margaret Thatcher-like attack on overbearing labour regulations and state-run companies.

www.smsvaranasi.com

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