Arvind Panagariya

At present, states get 41 per cent of the tax revenue while the rest goes to the Centre, the 16th Finance Commission Chairman, Arvind Panagariya, said.

16th Finance Commission may recommend on harmonisation of urban local body accounts: Panagariya

"Some progress was made by the 15th Finance Commission, and hopefully, we will try and make more progress. It is a recognised problem."

India can leverage trade talks with US for better market access and reciprocal tariff cuts: Panagariya

"Improved access to the US market, particularly in the textile and clothing sectors, could provide significant benefits to Indian exporters. India can ask the US for reciprocal tariff reduction as well and get better access for our exports."

India’s $9.5 trillion future within reach: Finance Commission Chairman Arvind Panagariya

The growth rate needed for per capita income growth is 7.3 percent to achieve $14,000 by 2047. With India’s per capita income in 2023-24 standing at $2,570, Panagariya emphasised that there is substantial room for further increase.

Modi inherited 'fragile economy' in 2014, must do more for developed status by 2047: Arvind Panagariya

The economist said during the interview that India needs a growth of at least 7.6 percent per annum to become a developed economy by 2047

Barring few sectors, India can open up to investments from China, says Arvind Panagariya

When asked if he supports the suggestion from the Economic Survey for 2023-24 that pitched for more FDI from China, Panagariya said, 'The answer is a qualified yes...'

Arvind Panagariya: 'Galwan Valley incident persuaded me that China could no longer be fully trusted as a trading partner'

Economist Arvind Panagariya in an exclusive interview to Moneycontrol explains why liberalization of imports will bring net benefit to India, why and how India should revise its trade relationship with China, and why FTAs with the UK and EU are so important.

FY24 GDP growth at 8.2% great news for India: Arvind Panagariya

"As predicted, the GDP growth rate for 2023-24 crossed the 8% mark and lands at a comfortable 8.2%. Great news for India!!," Panagariya said in a post on X.

Panagariya chairs first meeting of 16th Finance Commission

During the meeting, the commission discussed its Terms of Reference, as per the order by the President of India and notified by the Ministry of Finance on December 31, 2023, an official statement said.

In maiden meet, 16th Finance Commission acknowledges need to widely consult states, stakeholders

These comments assume significance at a time when there is a raging debate between the Union government and a few southern states on sharing of Central funds

Government appoints Ajay Narayan Jha, Annie Mathew as 16th Finance Commission members

State Bank of India Group Chief Economic Advisor Soumya Kanti Ghosh has been appointed as the part time member of the Commission.

Can Panagariya rekindle the spirit of cooperative federalism?

As the chairman of the 16th Finance Commission, the former vice-chairman of NITI Aayog will have to ensure a balanced distribution of financial resources between the Centre and the states

Morning Scan: All the big stories to get you started for the day

A round-up of top newspaper stories to keep you ahead of others.

Former NITI VC Arvind Panagariya is chairman of 16th Finance Commission

The order notified the formation of the 16th Finance Commission and listed Panagariya as its chief, but a notification for the appointment of other panel members would be issued separately.

G20 Summit: India must forge FTA with UK and EU for connectivity corridor to work, says Arvind Panagariya

Noting that the economic corridor will help the Indian economy boom, Panagariya emphasised that forging FTAs will make the process of creating the corridor quicker

LIVE: G20 New Delhi Consensus: The New Global Order | Arvind Panagariya Exclusive

India’s G20 presidency has redefined the global order. With Africa’s inclusion into the G20, for which India took the lead, the balance of power shifts amongst the most powerful blocs in the world. The India-Middle East-Europe economic corridor will be transformational. Arvind Panagariya explains what the success of the G20 presidency means for India.

Arvind Panagariya: Need To Sustain 7-8% Growth For Next 2 Decades To Reach Assertive China’s Status

India needs to grow at 7-8 percent for the next two decades to take China’s status. US President Joe Biden’s reception to Prime Minister Modi signifies a dramatic change in geopolitics. But India has to make it easier for businesses to operate –land, labour reforms and reforms in tax administration will be key. Investors say that India is a tough place to do business.

Claims of spike in poverty in India during Covid-19 patently false: paper co-authored by Arvind Panagariya

Arvind Panagariya, Columbia University Professor and former Vice Chairman of NITI Aayog and Vishal More of Intelink Advisors, New Delhi have co-authored a detailed paper 'Poverty and Inequality in India: Before and After Covid-19'.

Modi will win a third term in 2024, toilets, bank accounts, water to be key: Panagariya

According to the political economist, the Prime Minister is free of anti-incumbency, his popularity has only grown and the opposition looks more fragmented.

India on cusp of returning to high growth trajectory, will become world's third largest economy by 2027-28: Arvind Panagariya

Budget 2023: Currently, India is the fifth largest economy 'so it's another five years. We are already in (the year) 2023. So 2027-28, India should be the third-largest economy,' Panagariya, Columbia University Professor and former Vice Chairman of NITI Aayog, told PTI in an interview here.

Budget 2023: Arvind Panagariya says time to simplify personal income taxation system, end exemptions

Currently, the basic income tax exemption limit is Rs 2.5 lakh for individual taxpayers under both the old and new income tax regimes.

Arvind Panagariya cautions against cutting trade ties with China

Instead, Arvind Panagariya suggested that India should try to enter into free trade agreements (FTA) with countries such as the UK and the European Union to expand its trade.

Indian economy likely to grow at over 7% in FY23: Arvind Panagariya

Panagariya further said recessionary fears have been around for a while but so far neither the US nor the EU has gone into recession. ”From the viewpoint of India, in terms of headwinds originating abroad, the worst is probably behind us,” he told PTI.

We need to end all income tax exemptions, or most of them: Arvind Panagariya

Former Vice Chairman of Niti Aayog, Arvind Panagariya, says the government needs to simplify personal taxes and end all exemptions, or most of them

Time to fix up income tax system, end most of the exemptions: Arvind Panagariya

Former Vice Chairman of Niti Aayog, Arvind Panagariya, says the government needs to simplify personal taxes, monetise assets, push for divestment and end protectionism in exports.