Arvind Panagariya News

Panagariya said India needs to achieve daily rate of at least 5 to 6 million jabs

Panagariya pointed out that even with the current level of intervention, India is staring at debt-to-GDP ratio rising from 72% to about 85% at least by the end of the current year

Arvind Panagariya’s latest book offers a comprehensive playbook on how to make India a prosperous nationThe author makes a compelling case on how India's problems and issues are largely self-inflicted

Arvind Panagariya stressed that the Covid-19 crisis has made it evident that India needs to create better paid, formal sector jobsThe crisis also gives the government the opportunity to introduce reforms in areas of land and labour markets that are harder in 'peace' time, he said

Arvind Panagariya noted that since about 2003, India has been growing at an average rate of about 7% and the first five years of the Modi govt was characterised by 7.5% growth on an averagePanagariya welcomed positive steps taken by the govt including on fiscal consolidation, fiscal deficit

Panagariya underscored that for trade to grow, the country has to be openPanagariya added that he has always maintained that India’s problem is not unemployment but low wages

Panagariya said that India needs a clear focus on the growth of labour-intensive sectorsThe noted academician also stressed that serious thought must be given to the consolidation of numerous transfers into a single cash transfer

Arvind Panagariya says Modi govt has made a huge progress in implementing structural reforms including some difficult ones such as GST and IBC that previous govts had difficulty in introducing

The appointment of S. Gurumurthy to the RBI board suggests that the government is abandoning conventional economics in favour of its putative Indic alternative

The Modi government has thus far failed to match the economic growth record of its Congress-led predecessor, and a foolish pursuit of protectionism will make that even harder to achieve