Arvind Panagariya @APanagariya Twitter profile

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Arvind Panagariya

@APanagariya

7 years

PM @narendramodi gave me a painting of Vadnagar, his hometown, as farewell gift. Deeply touched by his gesture.

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Arvind Panagariya

@APanagariya

2 years

Took Air India from New York to Delhi. What a change—extremely friendly and courteous cabin staff. The flight even arrived an hour early. They do need newer aircraft but understandably that will take time. A big privatization success story in the making.

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Arvind Panagariya

@APanagariya

4 years

Those who thought PM @narendramodi is not a reformist PM must be stunned by the reforms of last 2 weeks. The PM has brought growth & development friendly changes that were due for more than two decades in: Medical Education, Agriculture & Labor Laws. (1/4)

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Arvind Panagariya

@APanagariya

4 years

Kudos to PM @narendramodi for another truly landmark reform. Many of the reforms in higher education that I had pushed when at NITI and wrote about in op-Eds and the long chapter on higher Ed in #IndiaUnlimited have found a place in NEP. So satisfying!

Narendra Modi

@narendramodi

4 years

I wholeheartedly welcome the approval of the National Education Policy 2020! This was a long due and much awaited reform in the education sector, which will transform millions of lives in the times to come! #NewEducationPolicy

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Arvind Panagariya

@APanagariya

3 years

Last two Chief Economic Advisors under UPA, K Basu and R Rajan, both supported even the entry of foreign retailers in Agri marketing. They have now changed their position. Are they right? Here is my detailed critique of critics of the new laws.

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Arvind Panagariya

@APanagariya

3 years

How should the government respond to the farmer protests? Ideally, it should not respond at all. This is a reform with much upside and no downside for the farmer. Also, any rollback will only encourage vested interests to rise up against other reforms.

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Arvind Panagariya

@APanagariya

2 years

Back in India after 2.5+ years! Landed in Delhi and now on the way to Jaipur. Lots of new development on the highway!

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Arvind Panagariya

@APanagariya

8 months

Kudos to former PM Dr. Manmohan Singh for giving an unqualified thumbs-up to India's resounding success in forging a consensus at the G20. It is heartening to see his act of bipartisanship in this great achievement of the country.

Manmohan Singh lauds PM Modi's leadership, says ‘India did the right thing…’

Former PM Manmohan Singh commends India for prioritizing its sovereign and economic interests under PM Modi's leadership. He also emphasizes the importance of diplomacy and restraint in using foreign...

www.livemint.com

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Arvind Panagariya

@APanagariya

2 years

It is always invigorating to meet with and listen to PM @narendramodi . He told me about the transformation under way through Gati-Shakti and numerous other initiatives. We also discussed many policy issues. Thank you Prime Minister!

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Arvind Panagariya

@APanagariya

4 years

Indeed, a watershed moment! These are reforms economists have sought for one to two decades. So glad the opposition was unable to defeat them despite taking recourse to all kinds of spurious arguments.

Narendra Modi

@narendramodi

4 years

A watershed moment in the history of Indian agriculture! Congratulations to our hardworking farmers on the passage of key bills in Parliament, which will ensure a complete transformation of the agriculture sector as well as empower crores of farmers.

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Arvind Panagariya

@APanagariya

6 years

PM @narendramodi announces another HUGE reform by exposing the top civil service to competition through lateral entry. Hope India’s best minds will rise to the occasion and come forward to serve. They are the key to the success of the reform.

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Arvind Panagariya

@APanagariya

2 years

Sharing two more pictures from the meeting with the PM this morning.

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Arvind Panagariya

@APanagariya

5 years

A sad race to the bottom has begun. If loan waivers would fundamentally alleviate farmers’ plight, waivers would be a welcome step. But if after 70 years of independence, farmers remain in distress, we need to seek different solutions.

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Arvind Panagariya

@APanagariya

2 years

Amazing progress on vaccination by India. As proportion of adult population, as of Nov 24 ‘21 At least one jab: 82% Both jabs: 44% Total Jabs: 1.19 billion At current rate, by Dec 31 ‘21 At least one: 89% Both: 60% Total jabs: 1.4 billion Wow!!

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Arvind Panagariya

@APanagariya

4 years

Indira Gandhi nationalized all coal mines in 1973. Since then this state monopoly has remained subject to license-permit raj. The PM has finally taken the first major step to unshackle it.

Narendra Modi

@narendramodi

4 years

Launching the auction of Coal Mines for Commerical Mining.

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Arvind Panagariya

@APanagariya

5 years

Six reasons why PM Modi will repeat his 2014 election victory in 2019: my article in Times of India today.

Expect Modi to repeat 2014 victory: BJP has got its act together while opposition is splintered and...

I have maintained, since well before the Balakot airstrikes, that Prime Minister Narendra Modi will repeat his 2014 election victory in 2019. This conviction is rooted in many factors. The first...

timesofindia.indiatimes.com

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Arvind Panagariya

@APanagariya

5 months

Thank you Rajasthan for rejecting the road to financial anarchy and ruin. The new government must now restore financial stability. The politics of giveaways must now give way to the economics of growth, jobs and genuine prosperity.

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Arvind Panagariya

@APanagariya

3 years

journey away from the Nehru model has been slow because socialist-era patronage produced intellectuals who, as educators, have continued to hardwire the future generations of bureaucrats and politicians in the old ideas. That brings obstacles at every step.

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Arvind Panagariya

@APanagariya

5 years

130 crore Indians have spoken. They want the New India of PM @narendramodi . India lost its first opportunity for transformation in 2004. Not this time. I can now look forward to a poverty free and prosperous India in my lifetime. BOLD reforms await.

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Arvind Panagariya

@APanagariya

4 years

In labor, four new codes replace 29 antiquated labor laws. The new codes reduce inspector raj and compliance burden, create superior environment for the creation of well-paid jobs & growth of the formal sector, and empower women to do night shifts. (4/4)

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Arvind Panagariya

@APanagariya

3 years

Central Vista Project is about bringing renewal, modernization and beautification of the nation’s capital. It is about embracing the 21st century!

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Arvind Panagariya

@APanagariya

4 years

In agriculture, one new law frees the farmer to sell his produce where he wants, to whom he wants; another frees him to sell produce to processors and exporters at an assured price; and a third creates greater certainty of prices and storage of produce. (3/4)

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Arvind Panagariya

@APanagariya

4 years

In medical education, the Parliament passed National Commission for Homeopathy Bill and National Commission for Indian System of Medicine Bill. Simultaneously, the government replaced Medical Council of India by National Medical Commission. (2/4)

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Arvind Panagariya

@APanagariya

3 years

Precise calculations: 18+ pop: 940m 70%: 658m Fully vaccinated: 53.3m To reach 70%, vaccinate 604.7m Of these 200.06m have 1 dose 200.06m need 1 dose & 404.64m need 2 doses Total doses needed: 1009.34m Days remaining till 31/12: 189 Doses per day needed: 5.34

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Arvind Panagariya

@APanagariya

5 years

Finally a story on India in the New York Times based on facts. Kudos to @KeithBradsher for his brilliant, well-researched piece. Business journalist get India a lot better than authors from the world of fiction. A must read story:

Modi Cut India’s Red Tape. Now He Hopes to Win Votes for His Work. (Published 2019)

Taxes are simpler, and bureaucracy has been trimmed. Prime Minister Modi wants a second term to prove that India is open for business.

www.nytimes.com

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Arvind Panagariya

@APanagariya

5 years

Jaipur, my home city and city of my birth, is now World Heritage Site. A great gift from UNESCO this morning.

UNESCO 🏛️ #Education #Sciences #Culture 🇺🇳

@UNESCO

5 years

🔴 BREAKING Just inscribed as @UNESCO #WorldHeritage Site: Jaipur City in Rajasthan, #India 🇮🇳. Bravo 👏 ℹ️ #43WHC

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Arvind Panagariya

@APanagariya

4 years

A very positive story in the New York Times (yes, in NYTimes) on air travel to India:

With Demand Rising, Airlines Add Flights to India (Published 2020)

More companies are setting up shop in the country, and more Indians who live elsewhere are returning to visit. Plus, tourism is growing.

www.nytimes.com

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Arvind Panagariya

@APanagariya

5 years

A pathbreaking reform, championed by the Three Year Action Agenda of @NITIAayog that I piloted, becomes reality under PM @narendramodi . Nine professionals will soon be joint secretaries in GoI, thanks to lateral entry just introduced.

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Arvind Panagariya

@APanagariya

7 years

In an impromptu interaction at G20 Summit, POTUS waves to the PM, walks to him, other leaders gather around. Gr8 moments

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Arvind Panagariya

@APanagariya

5 years

Have economists advising Congress thought through the inconsistencies to which simultaneous pursuit of transferring Rs. 6,000 to bottom 20% and giving basic income of Rs. 12,000 to each family gives rise?

NYAY scheme: View: Congress' NYAY scheme is neither fair nor feasible

One concern is financial feasibility. NYAY pegs cost at Rs 3.6 tn —13% of govt expenditures in 2019-20 budget.

economictimes.indiatimes.com

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Arvind Panagariya

@APanagariya

6 years

In the last four years, Prime Minister @narendramodi has successfully introduced structural reforms in virtually all areas. So wide has been the range that only highlights can fit in a newspaper column. My article in ToI today:

Modi government at four years: It has pushed through a range of structural reforms whose results...

Progress in reforms is like the movement of the hour hand of the clock: human eye is unable to detect the movement in it and yet it has gone full circle twice a day. While...

timesofindia.indiatimes.com

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Arvind Panagariya

@APanagariya

6 years

Here is my article in BStandard arguing why critics are wrong in claiming: 1 DeMo failed in fight against corruption because all money came back 2 it knocked down 2% of GDP & 3 It destroyed 1.5 million jobs. All false claims.

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Arvind Panagariya

@APanagariya

3 years

During June 21-25, India administered 6.4 million jabs per day. If this rate can be maintained, we can comfortably vaccinate 68 to 70% of above 18 population by December 31. That would restore normalcy of life & minimize the impact of a possible 3rd wave.

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Arvind Panagariya

@APanagariya

3 years

India’s vaccination count reached 4.3 million on April 5 2021. Very encouraging, indeed. Reaching 5 million jabs a day and maintaining that pace should be the bottom line goal. At that pace, nearly all above 18 in urban India can be vaccinated in 4 months.

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Arvind Panagariya

@APanagariya

2 years

The years should be 2003 to 2010. The difference was inheritance. PMs Rao and Vajpayee did massive reforms. As a result, Vajpayee handed PM Singh an economy that was already growing 8%. The opposite was the case with what Singh handed PM Modi.

Ananthan appu

@appu4424

2 years

@APanagariya Sr what is behind the High growth between 2004 to 2011. And what is the difference between this 8 years of economics and 2004 to 2011 economics?

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Arvind Panagariya

@APanagariya

7 years

We went for a courtesy call at departure. The gracious PM @narendramodi surprised us with a Rajasthani breakfast.

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Arvind Panagariya

@APanagariya

4 years

A 48 km long Bimbisar Wall erected around Rajgir by Bimbisar 2600 years ago. Bimbisar lives the same time as Gautam Buddha. Believe it or not the wall stands today!

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Arvind Panagariya

@APanagariya

2 years

In its lead editorial of oct 23 ‘21, Economist called 2010s India’s lost decade of growth. But India grew 7% during that decade, second only to China’s 7.7%. Who would dare fact check the editors of the Economist? Indian media is not far behind.

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Arvind Panagariya

@APanagariya

4 years

PM @narendramodi 's record on reforms now rivals those of PMs Rao & Vajpayee and surpasses that of PM Singh. On top, his reforms have been politically far more challenging than those by predecessors. Check out here for yourself:

Six years of reforms: Modi has established his reformist credentials alongside PMs like Rao and...

Economic reforms enacted during the ten day monsoon session ending September 23 firmly establish Prime Minister Narendra Modi’s credentials as a reformist PM. His record now rivals those of Prime...

timesofindia.indiatimes.com

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Arvind Panagariya

@APanagariya

2 years

Update as on 18 Dec ‘21 India At least one jab: 824m (87.7% of adults) Two jabs: 502m (57.7% of adults) USA At least one jab: 241m (85% of adults) Two jabs: 204m (72.4% of adults) By end ‘21, total jabs in India will cross 1.45 billion 👍👍

Arvind Panagariya

@APanagariya

2 years

Amazing progress on vaccination by India. As proportion of adult population, as of Nov 24 ‘21 At least one jab: 82% Both jabs: 44% Total Jabs: 1.19 billion At current rate, by Dec 31 ‘21 At least one: 89% Both: 60% Total jabs: 1.4 billion Wow!!

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Arvind Panagariya

@APanagariya

2 years

Celebrating 88th birthday of Prof J Bhagwati at Tamarind in NYC. As usual, he tells one joke after another to keep us all laughing. And he says 88 is two infinities standing upright just as he does!!

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Arvind Panagariya

@APanagariya

4 years

A brilliant piece by @nayyardhiraj on Modi the reformist PM. If Modi wins a third term, the fruits of his reforms would be widely visible, unlike Rao and Vajpayee. “Then, he will be in a league of his own,” concludes Nayyar. A must read

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Arvind Panagariya

@APanagariya

7 years

Terrific package. Will boost growth & jobs as PM @narendramodi says. Measured response, not panic, hallmark of this Gov

Narendra Modi

@narendramodi

7 years

Historic steps that will lead to more jobs, more growth and more investment. #NewIndiaTakeOff

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Arvind Panagariya

@APanagariya

5 months

OPS, caste census, so-called right to health, and urban job guarantee scheme have all bitten dust. The voter is way smarter than that and demands a corruption-free government that would promote law and order and real economic progress.

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Arvind Panagariya

@APanagariya

2 years

Having just become the world’s 5th largest economy, India is now in a crucial phase in which it will soon become the 3rd largest. Then, 2 of the world’s 3 largest will be developing countries and 3 out of 4 largest in Asia.

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Arvind Panagariya

@APanagariya

5 months

A heart warming story to share. I came to deliver the C D Deshmukh Lecture at the RBI and am now taking a morning flight to Delhi. The RBI extended me the courtesy of a Protocol officer to help me with security check at the airport.(1/3)

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Arvind Panagariya

@APanagariya

3 years

Disturbed to learn that the former PM Dr. Manmohan Singh has caught Covid-19 infection. He is an inspiration and an iconic figure for those dabbling in Indian economic policies and reforms. Wishing for his speedy recovery and full restoration of health.

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Arvind Panagariya

@APanagariya

3 years

Kudos to India for reaching 100 million vaccine shots faster than any other country: India: 85 days USA: 89 days China: 103 days We must ramp up production to make 5 million jabs per day feasible.

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Arvind Panagariya

@APanagariya

5 months

Thank you Prime Minister for staying firm on the good governance and development message. That is what the Indian voter wants most. We lost far too many decades after independence and can afford to lose no more.

Narendra Modi

@narendramodi

5 months

We bow to the Janta Janardan. The results in Chhattisgarh, Madhya Pradesh and Rajasthan indicate that the people of India are firmly with politics of good governance and development, which the @BJP4India stands for. I thank the people of these states for their unwavering…

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Arvind Panagariya

@APanagariya

5 years

Here is a true hero of Indian industry: Rajiv Bajaj. If you want to know what Indian industry genuinely should be, listen to his interview in the video embedded in this story in its entirety.

Most of the automobile slowdown is the industry's own making, says Rajiv Bajaj

Business News: Get the latest Business News, Live Share & Stock Market Updates, Top News from India and across world. Read Top Business News and updates on financial, economic and banking news on...

www.cnbctv18.com

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Arvind Panagariya

@APanagariya

4 years

Would China engage in hostilities if India were a $10 trillion economy? Unlikely. Strategically, forge close ties with USA, Japan & Australia. Economically, forge FTA with UK, EU, Canada and possibly USA to get to $10 tr fast.

On China trade sanctions: India can serve its national security much better by rapidly expanding...

After decades of peaceful coexistence, China has turned progressively hostile in its territorial disputes with its neighbours including India. The most plausible explanation for this shift is the...

timesofindia.indiatimes.com

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Arvind Panagariya

@APanagariya

3 years

If New Industrial Policy of 1991 was the first step towards ending socialism, Strategic Disinvestment Policy of 2021 will be the last. We need a Privatization Ministry to execute this supremely important project.

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Arvind Panagariya

@APanagariya

1 year

Activist short sellers form a murky world. US Justice Department is investigating 30 such firms including Hindenburg. But the “success” in the Adami episode will entice US short sellers to go after other Indian firms. Transparency is the best defense.

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Arvind Panagariya

@APanagariya

4 years

At the first Governing Council meeting of @NITIAayog PM @narendramodi had appointed a task force on agricultural development. In Dec 2015, that TF, headed by me, had recommended the reforms just enacted. See Sec 4.2 of this report:

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Arvind Panagariya

@APanagariya

3 years

India’s current vaccination rate of 3 to 4 million per day is simply not good enough. We need to up our game to achieve daily rate of at least 5 to 6 million jabs. Not clear whether the cause is hesitation or insufficient production.

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Arvind Panagariya

@APanagariya

5 years

A hard-hitting response to the editorial by the Economist vilifying PM @narendramodi by J. Bhagwati, @krishna_pravin and me. We conclude by telling the Economist that with this editorial it has descended into the post truth world.

Letters to the editor | May 18th 2019 Edition

A selection of correspondence

www.economist.com

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Arvind Panagariya

@APanagariya

5 years

Delighted that genuine cash transfers to the poor have made their debut beginning with this Budget. This is something I have advocated for more than a decade. Gradually cash transfers must expand to replace some of our costly in-kind transfers.

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Arvind Panagariya

@APanagariya

3 years

Mr. P. Chidambaram recently questioned my well-documented claim that PM Modi’s record on reforms matches those of PMs Vajpayee and Rao and far exceeds that of PM Singh. Here is why he couldn’t be more wrong:

Defending Modi’s reforms record: Chidambaram shifted goalpost from growth delivered by a PM to...

Economist Paul Streeten famously said that whereas academics make progress by sharpening questions they ask, politicians do so by obfuscating them. My column last month had asked a clear question:...

timesofindia.indiatimes.com

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Arvind Panagariya

@APanagariya

5 months

Indian economy surprises our pundits yet again. The average of what they predicted for July-Sept 2024 quarter was 6.7% growth. The economy delivered 7.6%. I hope they learn that India is now on a 7% plus growth trajectory.

India's Q2 GDP growth slows to 7.6%, yet trumps analyst expectations

A median poll of 10 economists by the ET had showed the economy clocking growth figures of 6.7%, 20 basis points more than that of the RBI estimate for the quarter. A Reuters poll of economists...

economictimes.indiatimes.com

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Arvind Panagariya

@APanagariya

6 years

An exhilarating experience listening to the talk by AP Chief Minister on Technology and Governace. Doubtful that any state in the United States is doing what Shri @ncbn is doing in Andhra to prepare for the 4th Industrial Revolution.

N Chandrababu Naidu

@ncbn

6 years

A wonderful enriching experience to interact with such bright young minds at the School of International & Public Affairs, Columbia University, New York. The older generation can learn a lot from the younger one. The energy & innovative ideas of the youth can be quite refreshing.

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Arvind Panagariya

@APanagariya

5 years

Sharing some photos from the visit by FM @nsitharaman to Columbia on Oct 15 2019. Professor Jagdish Bhagwati can be seen in some of them.

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Arvind Panagariya

@APanagariya

1 year

Fantastic budget. 1. Much awaited personal income tax reform done. 2. Capex up to 3.3% of GDP from less than 2% 3 years ago. 3. Fiscal consolidation continues with fiscal deficit down to 5.9% from 6.4%. 4. Some correction to tariff inversion too.

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Arvind Panagariya

@APanagariya

7 years

Delighted to learn of the historic action by PM @narendramodi upon arrival from Vijaywada. A fatal blow to black money!

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Arvind Panagariya

@APanagariya

5 years

India reaches within striking distance of a top 50 rank in Ease of Doing Business rankings of the World Bank—something few believed possible when PM @narendramodi first announced the ambitious goal:

Ease of Doing Business India Ranking: India moves up 14 spots to 63 on World Bank's ease of doing...

India Business News: India jumped 14 places to the 63rd position on the World Bank's ease of doing business ranking released on Thursday, riding high on the government's f

timesofindia.indiatimes.com

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Arvind Panagariya

@APanagariya

2 years

Pitfalls of universalization of MSP: 1. Trillions of rupees of additional burden on the taxpayer 2. Reversal of diversification into fruits & veg et al 3. Violation of WTO obligations 4. Regressive redistribution effect: bulk of MSP to well-off farmers

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Arvind Panagariya

@APanagariya

4 years

S. Korean urban population went from 28.8% in 1966 to 85.7% in 1995 & Chinese from 19% in 1981 to 51.3% in 2011. Both rose to upper middle income during these phases. Read what lessons this has for India

Urbanise fast for high growth: India’s land policies are at the bottom of its economy failing to...

Rapid urbanisation is a key feature of economies that have sustained 8-10% growth for two to three decades. In South Korea, urban population as a proportion of the total population rose from 28.8% in...

timesofindia.indiatimes.com

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Arvind Panagariya

@APanagariya

4 years

For 4 years, 2014-15 to 2017-18, India grew annually 7.7%. The fall beginning with Q1-2018-19 is rooted in slow response to NPAs and resulting stress in financial markets. That will need a fix. Beyond that nothing fundamentally wrong with the economy.

Rajesh Ray

@raykrajesh

4 years

@APanagariya I do agree with you, Sir, that we should give benefit of the doubt to AMJ Q But Indian GDP rate was falling consistently in every QTR from Q1 2019 onwards..! I think Covid has only coupled the indian GDP issue, the real culprits r Demon & GST, and these were handmade problems!!

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Arvind Panagariya

@APanagariya

6 years

The Gujarat Model continues to deliver with 9% growth during 2012-13 to 2015-16. Growth has brought poverty down among all groups, rural, urban, Dalits, tribals and Muslims. Top 1% not the only beneficiaries.

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Arvind Panagariya

@APanagariya

5 years

Budget positives: a. All new transfers—cash to farmers, tax cut & pension for informal workers—are all DBT and so no leakage; b. IT rates down to two: 20% and 30%; c. Custom duty on some machines imported by exporters down; d. Slippage in fiscal def minimal

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Arvind Panagariya

@APanagariya

4 years

Part I of economic stimulus package of PM @narendramodi focuses on MSMEs, perhaps because this is where the bulk of non-agricultural employment is. My take on the package:

Covid relief package | Nirmala Sitharaman news : View: Sitharaman's first tranche of Rs 20 lakh...

The announcements focus largely on MSMEs principally because this is where employment is concentrated.

economictimes.indiatimes.com

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Arvind Panagariya

@APanagariya

1 month

Poverty reduction requires wealth creation which is rarely possibly without an increase in inequality between those who create wealth and the rest. While some love to sound an alarm over such inequality, people at large rarely resent wealth creators.

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Arvind Panagariya

@APanagariya

4 years

So the book is out. Here is a picture of it from W. H. Smith at IGI Airport in Delhi. My wife who just landed there sent it a few minutes ago. Truly excited! Hope you all read it.

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Arvind Panagariya

@APanagariya

3 years

At last, Air India is privatized. It goes back to Tata. This is the first privatization in more than fifteen years. Hope it paves the way for more.

Air India privatisation HIGHLIGHTS: Tata wins bid to buy Air India for Rs 18,000 crore

Air India Sale: Air India will head back to the Tata Sons after a 68-year gap with the central government approving the bid placed by the group. Tata Group has out bid a consortium led by SpiceJet's...

www.financialexpress.com

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Arvind Panagariya

@APanagariya

5 years

Poor vision due to lack of access to eyeglasses is the largest unaddressed disability. 550 million suffer this fate in India alone. We need a mission to provide eyeglasses to all. This can be done for as little as Rs. 200 per pair.

View: Why India needs an 'eyeglasses to all' mission

A mission to provide eyeglasses can pave the way for large-scale manufacturing and raise productivity.

economictimes.indiatimes.com

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Arvind Panagariya

@APanagariya

9 months

For a staggering one and a half millennia, India was the world's largest economy and, until 1870, one of its two largest. With 3rd-largest-economy status within India's grasp, is the world moving back to the "old normal"? My take:

How India's Economy Will Overtake the U.S.'s

If current trends continue, India's GDP will be larger than the U.S.'s by 2073.

time.com

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Arvind Panagariya

@APanagariya

5 years

Delighted my one-person poll did better than any exit poll. I had said it will be a repeat of 2014. End results: BJP got absolute majority and NDA comfortably crossed 300 seats. One could not have been more accurate! See India fully transform in next 5 years

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Arvind Panagariya

@APanagariya

5 months

But virtually certain that the $5 trillion mark will be reached by 2026.

Diva Jain

@DivaJain2

5 months

Virtually impossible for Rajan to say a single sensible thing :)

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Arvind Panagariya

@APanagariya

3 years

Current vaccine production of 70-75 million units per month and even 200 million units planned by July is too little to escape a third Covid wave. We must invest NOW to push Covaxin production to 500 million units per month by July:

Averting the next massive wave: India needs to commit a much larger and faster investment to...

Even as we battle the massive wave of Covid-19 infections, it is important to take steps to avert the next such wave. For unless we take these steps, another wave is all but certain. As...

timesofindia.indiatimes.com

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Arvind Panagariya

@APanagariya

3 years

Read how the pursuit of self sufficiency morphed into investment licensing, import controls, small-scale industries reservation and price and distribution controls, holding the Indian economy back for four decades.

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Arvind Panagariya

@APanagariya

5 months

had lost his grandfather in the 1971 war. “Did that not deter you from joining the navy,” I asked. “All the more reason for me to join, sir,” he answered. I was left speechless. My only thought now is that India is in safe hands. (3/3)

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Arvind Panagariya

@APanagariya

1 year

Capabilities of the latest AI software is truly amazing. I asked ChatGPT to write a poem on Free Trade in the Alfred Tennyson style. See what it produced:

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Arvind Panagariya

@APanagariya

2 years

In my assessment, all of the current forecasts underestimate India’s GDP growth for 2022-23. I expected the growth rate to cross the 8% mark this year. Let us see if my optimism proves right!

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Arvind Panagariya

@APanagariya

15 days

The young are not the only first-time voters. 50 years after becoming eligible, I am excited to be voting for the first time this election season. Can’t wait for the day Delhi votes!!

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Arvind Panagariya

@APanagariya

3 years

Pharma companies object to vaccine-patent waiver on the grounds that it won’t translate in actual production by other manufacturers. Well, in that case, the waiver will lead to no actual patent violations and they need not object.

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Arvind Panagariya

@APanagariya

5 years

Fall out from the article by A Subramanian is not limited to hurting India’s economic prospects. It also gives two successful FMs failing grades & undermines the chances of younger outside economists to serve the nation:

Arvind Subramanian: View: Why Arvind Subramanian's GDP over-estimation argument is flawed

Subramanian made the dramatic claim that the real GDP in India grew between 3.5% and 5.5% during 2011-17.

economictimes.indiatimes.com

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Arvind Panagariya

@APanagariya

6 years

A cheaper currency will help rebalance India’s trade deficit. It will also give greater incentive for goods production, which hold better prospects for well-paid jobs for the low skilled than do services. My article in Foreign Policy:

Don’t Buy the Panic About the Rupee’s Fall

A cheaper currency will help rebalance India’s massive trade deficit.

foreignpolicy.com

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Arvind Panagariya

@APanagariya

5 years

Of all the initiatives by PM @narendramodi , Swachh Bharat will have the greatest long term impact on the lives of 1.3 billion Indians. 2019 will be the year of 150th birth anniversary of Mahatma Gandhi and the year to celebrate SBM

Celebrating Swachh Bharat Mission: Of all Modi’s projects, it will have the greatest long-term...

I had the opportunity, in a conversation several months prior to 2014 elections, to discuss with the then chief minister of Gujarat, Narendra Modi, the future course of economic and social policy....

timesofindia.indiatimes.com

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Arvind Panagariya

@APanagariya

3 years

A barrage of criticisms led to the derailment of a well-functioning vaccination policy. The resulting failure led the critics to take a U-turn. Thankfully, reason has prevailed and the PM has restored the old policy.

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Arvind Panagariya

@APanagariya

15 days

Good example of why you should take wiki with a grain of salt. There is a good reason why serious scholars never use it as a reference source.

Sandeep Manudhane

@sandeep_PT

15 days

@APanagariya

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Arvind Panagariya

@APanagariya

3 years

What an amazing accomplishment: 23.3 million vaccines administered in ONE DAY! Yet another example of PM @narendramodi doing projects on scale! Congratulations to all those who made it happen.

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Arvind Panagariya

@APanagariya

6 years

A great victory for reforms, for the health sector and above all medical profession. The caravan of reforms continues to move apace under the leadership of PM @narendramodi Personally delighted to see this reform move:

Centre appoints committee to run Medical Council of India

A Bill to replace the Medical Council of India with a National Medical Commission is pending in Parliament.

www.indiatoday.in

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Arvind Panagariya

@APanagariya

2 years

During the year long farmers agitation, Pandits uniformly predicted decimation of BJP in future elections. But people including farmers in much of India understood that the PM has their interest at heart. They want more, not less reforms.

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Arvind Panagariya

@APanagariya

5 years

PM @narendramodi administers another blow to corruption. This time, the axe falls on corrupt income tax officers.

Centre compulsorily retires 12 senior I-T officers for corruption, misconduct: Sources - Times of...

India Business News: The government has dismissed from service 12 senior income tax officers on charges of corruption and professional misconduct, sources said on Monday.

timesofindia.indiatimes.com

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Arvind Panagariya

@APanagariya

4 years

A new era in medical education begins with the launch of the National Medical Commission. A reform we initiated in 2016 @NITIAayog begins its journey. A big change in medical education awaits in the next 5-10 years.

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Arvind Panagariya

@APanagariya

3 years

With the new Cabinet in place, time for a new package of reforms. UGC Act 1956 must go; personal income tax must be rationalized and simplified; and privatization of banks and CPSEs, esp Air India, must take the front seat.

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Arvind Panagariya

@APanagariya

2 years

Credit belongs solely to the leadership of the country. I only happened to reach the same conclusion as they did when I thought about what would best serve the nation’s interest given its circumstances at the time. So thanks to PM @narendramodi and FM @nsitharaman

Harsh Madhusudan

@harshmadhusudan

2 years

Thank you to @sanjeevsanyal @APanagariya and of course @nsitharaman @narendramodi for guiding us well through the pandemic-war-economic crisis of the last 2.5 years. Must add @RBI and others as well.

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Arvind Panagariya

@APanagariya

3 years

In 2018, credit by banks was just 50% of GDP in India compared with 158% in China, 141% in S Korea, 112% in Thailand, 81% in Chile, 66% in S Africa & 61% in Brazil. @RMantri and I argue that India needs to allow corporations into banking

Corporates for banking: To address India’s credit scarcity problem, allow corporate houses to set...

Arvind Panagariya and Rajeev Mantri Capital is a critical input in production. Bank credit, which accounts for more than 60% of domestically sourced financial flows to the commercial sector, remains...

timesofindia.indiatimes.com

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Arvind Panagariya

@APanagariya

4 years

Parliament passes bills on Homeopathy and Indian systems of medicine drafted during my days at @NITIAayog . With NMC Act already passed, we will now have a fully reformed medical education system. Thank u @IasAlok Sumant @urvashi01

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Arvind Panagariya

@APanagariya

1 year

I hate to inflict one more of this by ChatGPT but it is simply too good not to share. I asked the AI software to write an ode to India’s economic reforms. I was blown away by how it described the policy change followed by it’s impact.

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Arvind Panagariya

@APanagariya

5 years

Prof @nandinigupta201 & I explain why india must sell PSUs to those who can run them the best. The picture below is worth a thousand words. With this performance of even listed PSUs should public money be spent on PSUs? Full article at

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