NITI Aayog Vice-Chairman Arvind Panagariya on Tuesday resigned from his post, and will hand over charge of his office on August 31.
The Indian American economist is reportedly returning to the United States to resume his academics.
Prime Minister Narendra Modi had appointed him as the first vice-chairman of NITI Aayog on January 5, 2015.
Earlier, Panagariya served as a professor of Economics at New York's Columbia University till.
A Rajasthan University alumnus, Panagariya holds a Ph.D. degree in Economics from Princeton University.
Panagariya has in the past been the Chief Economist of the Asian Development Bank and a Professor of Economics and Co-director, Center for International Economics, University of Maryland at College Park.
He has also worked for the World Bank, International Monetary Fund, World Trade Organization, and the United Nations Conference on Trade and Development (UNCTAD) in various capacities.
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