Arvind Panagariya, the first vice-chairman of Niti Aayog who was considered to be Prime Minister Narendra Modi’s personal pick for economic reforms, announced his resignation. The 62-year-old Panagariya is an Indian-American economist and Professor of Economics at Columbia University. Panagariya is known for his market-friendly views and is a close associate of well-known trade economist Jagdish Bhagwati. Panagariya has earlier been the chief economist of the Asian Development Bank and a professor of Economics and co-director at the Centre for International Economics, University of Maryland, at College Park. Mr Panagariya was appointed to the post in January 2015.

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