Arvind Panagariya (born 30 September 1952) is an Indian economist who is holding the position of

Jagdish Bhagwati Jagdish Natwarlal Bhagwati (born July 26, 1934) is an Indian-born naturalization, naturalized American economist and one of the most influential trade theorists of his generation. He is a University Professor (Columbia), University Professor of ec ...

Professor of Indian Political Economy at

Columbia University Columbia University in the City of New York, commonly referred to as Columbia University, is a Private university, private Ivy League research university in New York City. Established in 1754 as King's College on the grounds of Trinity Churc ...

and the Director of Deepak and Neera Raj Center on Indian Economic Policies at

School of International and Public Affairs The School of International and Public Affairs (SIPA) is the List of schools of international relations in the United States, international affairs and public policy school, public policy school of Columbia University, a private Ivy League univers ...

New York City New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...

. He served as first vice-chairman of the

government of India The Government of India (ISO 15919, ISO: Bhārata Sarakāra, legally the Union Government or Union of India or the Central Government) is the national authority of the Republic of India, located in South Asia, consisting of States and union t ...

think-tank

NITI Aayog The NITI Aayog (; abbreviation for National Institution for Transforming India) serves as the apex public policy think tank of the Government of the Republic of India, and the nodal agency tasked with catalyzing economic development, and foste ...

between January 2015 and August 2017. He has been appointed as the chairman of 16th Finance Commission by the government of India. He is a former Chief Economist of the

Asian Development Bank The Asian Development Bank (ADB) is a regional development bank to promote social and economic development in Asia. The bank is headquartered in Metro Manila, Philippines and maintains 31 field offices around the world. The bank was establishe ...

. He was awarded the

Padma Bhushan The Padma Bhushan (IAST: ''Padma Bhūṣaṇa'', lit. 'Lotus Decoration') is the third-highest civilian award in the Republic of India, preceded by the Bharat Ratna and the Padma Vibhushan and followed by the Padma Shri. Instituted on 2 Januar ...

by the President of India in 2012 for his contributions in the field of economics and Public Policy. He is currently the Chancellor of the modern Nalanda University at Rajgir, Bihar; established as a successor to the historic Nalanda University by the Nalanda University Act, 2010. He has published widely on

free trade Free trade is a trade policy that does not restrict imports or exports. In government, free trade is predominantly advocated by political parties that hold Economic liberalism, economically liberal positions, while economic nationalist politica ...

as well as on the development of the Indian economy. He is the brother of noted neurologist and medical researcher Dr. Ashok Panagariya.

Education

He holds a Ph.D. in economics from

Princeton University Princeton University is a private university, private Ivy League research university in Princeton, New Jersey, United States. Founded in 1746 in Elizabeth, New Jersey, Elizabeth as the College of New Jersey, Princeton is the List of Colonial ...

under the doctoral supervision of Peter Kenen and William Hoban Branson. He was the Professor of economics and co-director of Center for International Economic at the University of Maryland at College Park from 1978 to 2003. He currently serves as the

Professor of Indian Political Economy at

and is also the Director of Deepak and Neera Raj Center on Indian Economic Policies at

Career

He was previously Chief Economist at the

. He has worked for the

World Bank The World Bank is an international financial institution that provides loans and Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development ...

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of las ...

World Trade Organization The World Trade Organization (WTO) is an intergovernmental organization headquartered in Geneva, Switzerland that regulates and facilitates international trade. Governments use the organization to establish, revise, and enforce the rules that g ...

and the United Nations Conference on Trade and Development (UNCTAD).He served as an Adviser to the Board of US-India Strategic Partnership Forum (USISPF). He was a Non-resident Senior Fellow,

Brookings Institution The Brookings Institution, often stylized as Brookings, is an American think tank that conducts research and education in the social sciences, primarily in economics (and tax policy), metropolitan policy, governance, foreign policy, global econo ...

Washington DC Washington, D.C., formally the District of Columbia and commonly known as Washington or D.C., is the capital city and Federal district of the United States, federal district of the United States. The city is on the Potomac River, across from ...

. He was a member of an Independent Taskforce on South Asia and India sponsored by Centre for Foreign Relations, New York. He has served as a member of International Advisory Board, Securities and Exchange Board of India(SEBI). He served as a Member of Board of Governors of Indian Council for Research on International Economic Relations (ICRIER). He was also a member of Committee on the Center on Advanced Financial Research and Learning (CAFRL) appointed by the Governor, Reserve bank of India (RBI). His book Why Growth Matters, co-authored with

, won the coveted Eccles Prize for Excellence in Economic Writing and was listed as the best book of the year by the Financial Times. ''

The Economist ''The Economist'' is a British newspaper published weekly in printed magazine format and daily on Electronic publishing, digital platforms. It publishes stories on topics that include economics, business, geopolitics, technology and culture. M ...

'' described this book as “a manifesto for policymakers and analysts.” His other works include '' India: The Emerging Giant'', published in 2008. It was described as the ‘definitive book on the Indian economy’ by

Fareed Zakaria Fareed Rafiq Zakaria (; born January 20, 1964) is an Indian-born American journalist, political commentator, and author. He is the host of CNN's '' Fareed Zakaria GPS'' and writes a weekly paid column for ''The Washington Post.'' He has been a c ...

. He frequently collaborates and co authors research papers and books with noted economist Dr. Jagdish Bhagwati. He was the Founding Editor of the journal-India Policy Forum launched in 2004 by the

and the National Council of Applied Economic Research (NCAER). He is also the founding editor of the Journal of Policy Reform, which he edited with

Dani Rodrik Dani Rodrik (born August 14, 1957) is a Turkish economist and Ford Foundation Professor of International Political Economy at the John F. Kennedy School of Government at Harvard University. He was formerly the Albert O. Hirschman Professor of ...

during 1996–2001. He is currently an Associate Editor of Economics and Politics and the Journal of International Trade and Economic Development. Papers written by him for the

and

IMF The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of la ...

usually promote the idea of

trade liberalisation Free trade is a trade policy that does not restrict imports or exports. In government, free trade is predominantly advocated by political parties that hold economically liberal positions, while economic nationalist political parties generally ...

and

privatization Privatization (rendered privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation w ...

of state owned enterprises of India for an

investment Investment is traditionally defined as the "commitment of resources into something expected to gain value over time". If an investment involves money, then it can be defined as a "commitment of money to receive more money later". From a broade ...

and

export An export in international trade is a good produced in one country that is sold into another country or a service provided in one country for a national or resident of another country. The seller of such goods or the service provider is a ...

s driven economic growth. He has appeared on Bloomberg TV India for the show "Transforming India With Arvind Panagriya" He writes a monthly column in the ''Times of India'' and his guest columns appear in the ''Financial Times, Wall Street Journal'' and ''India Today.'' He was awarded the

by the President of India in 2012 for his contributions in the field of economics and Public Policy. On 5 January 2015, he was appointed vice-chairman of the National Institution for Transforming India (NITI) Aayog, the replacement for the Planning Commission. He was appointed as India's Sherpa for G20 talks in September 2015. Panagariya was also heading analysis of the data of the Socio Economic and Caste Census 2011. He gave his resignation as Niti Aayog Vice-chairman stating that

has not extended his leave beyond 31 August 2017. PM Modi termed his contributions to the policy making as 'miraculous'.

Personal life

He was born in 1952 as a son of Baloo Lal Panagariya, who migrated from a Bhilwara to Jaipur where he edited a local newspaper Lokvani. The name is derived from Panagarh, a village east of Osian in Nagaur district of Rajasthan. His father wrote several books including the definitive work on the freedom movement in Rajasthan titled Rajasthan Main Swatantrata Sangram. He was born in the Oswal Jain community of Rajasthan. He married Amita in 1981 and has two sons, Ananth Hirsh, a comic book author, and Ajay, a technologist and entrepreneur.

Published Works

Books

* ''Lectures on International Trade'' (with J. Bhagwati and T.N. Srinivasan), MIT Press, September 1998. * ''India: The Emerging Giant'', New York, Oxford University Press, March 2008. *''India's Tryst with Destiny: Debunking Myths that Undermine Progress and Addressing New Challenges'' (with Jagdish Bhagwati), HarperCollins, 2012. *''State Level Reforms, Growth and Development in Indian States'' (with Pinaki Chakraborty and M. Govinda Rao), Oxford University Press, May 2014. *''Free Trade and Prosperity: How Trade Openness Helps Developing Countries Grow Richer and Combat Poverty'', Oxford University Press, April 2019. *''New India: Reclaiming the Lost Glory'', Oxford University Press, 2020. *''India's Trade Policy: The 1990s and Beyond, ''HarperCollins'','' April 2024''.'' *''The Nehru-Era Economic History and Thought & Their Lasting Impact'', Oxford University Press, June 2024.

References

External links

Arvind Panagariya bio
at

Niti Aayog The NITI Aayog (; abbreviation for National Institution for Transforming India) serves as the apex public policy think tank of the Government of the Republic of India, and the nodal agency tasked with catalyzing economic development, and foste ...

{{DEFAULTSORT:Panagariya, Arvind Living people 1952 births 21st-century Indian people Indian economists Indian emigrants to the United States University of Rajasthan alumni Princeton University alumni University of Maryland, College Park faculty Columbia University faculty Recipients of the Padma Bhushan in literature & education American academics of Indian descent American expatriates in India 21st-century American economists American people of Rajasthani descent