Page 5 - Arvind Panagariya

Extremely low rate of urbanisation keeping Assam underdeveloped: Arvind Panagariya

56% workforce in Assam in 2011-12 were in agriculture and only 6.5% in industry and the remaining 37.5% in services

India can be $10-trillion economy in next 15 years: Arvind Panagariya

Analysts say Indian economy will have to grow at over 10 per cent in the next 15 years to hit the $10 trillion level

India to ratify Paris accord at the earliest: Arvind Panagariya

While India is seeking greater flexibility on the issue, China and the United States on Saturday ratified the Paris accord

Labour mobility, climate change top agenda at G20: Panagariya

He said that the country needs to take up all aspects of human and social development

Panagariya also in race for RBI chief's post

Govt has made it clear that it would prefer an economist to take over the top job in India's central bank

India's GDP growth to cross 8% this financial year: Arvind Panagariya

He was of the view that economy will grow at a higher rate as revenues are increasing and inflation has entered the positive zone

Centre, states should share best social practices: Panagariya

To deliberate on outcome of various social schemes and sharing the best practices

Work on sick PSUs in advanced stage: Panagariya

The NITI Aayog vice-chairman said the issue of drinking water will be taken up with the Centre

India as a democracy better placed than EU: Panagariya

He said even as a single monetary union there are fears that Greece followed by Spain might drop out of EU

3-yr framework may replace 5-yr Plan: Panagariya

Government may replace the Five-Year Plan system with a medium-term fiscal framework that will project revenue and expenditure allocations for the next three years beginning 2017-18. Finance Minister Arun Jaitley has already announced in his Budget speech about doing away with the classification of Plan and Non-Plan expenditure in the backdrop of 2016-17 being terminal year of the 12th Plan period (2012-17). "Last two years of the 12th Five Year Plan (2012-17) will be used as transition. One direction seems to be clear that perhaps we will not be doing Five-Year Plans," NITI Aayog Vice Chairman Arvind Panagariya said during an online talk. He further said, "One possibility is to introduce medium term fiscal framework planning which may entail some sense of prediction what the next two or three years, and what the revenues are likely to be. How the resulting expenditure will be allocated across different ministries. Next year, it (government) may roll out for the next three ...