New Delhi: Arvind Panagriya, a former Chief Economist of the Asian Development Bank, has resigned as Vice-Chairman of NITI Aayog, bringing an end to his two-and-a-half year stint at the helm of India's revamped planning commission.
NITI Aayog, which came into effect on 1 January 2015, replaced the 65-year-old Planning Commission, considered by many in the NDA establishment of being a vestige of the Nehruvian-Socialism era.
64-year-old Arvind Panagriya had also worked with the World Bank, IMF and UNCTAD in various capacities. He holds a Ph.D degree in Economics from Princeton University.
After resigning from Yojana Bhawan, Panagariya is tipped to return to Columbia University.
In March 2012, Panagariya was honoured with Padma Bhushan, the third highest civilian award the country bestows in any field.
Panagariya is known for his market-friendly views and is a close associate of well-known trade economist Jagdish Bhagwati.
The economist has been seen as a supporter of Narendra Modi and has openly spoken about his success as the chief minister of Gujarat.