NEW DELHI: NITI Aayog vice-chairman Arvind Panagariya wants to return to academia in the U.S.
Two years into his job of heading the rejigged Planning Commission, Prof. Panagariya has written to Prime Minister Narendra Modi to relieve him of his post.
Officials sources said today here that Prof. Panagariya could not get his leave from the Columbia University further extended, so he decided to quit to rejoin as professor of economics.
The 64-year-old Columbia University Professor had been chosen by the Prime Minister to head the erstwhile Planning panel in its new avatar as NITI Aayog in 2015. He was holding the rank of a Cabinet minister.
He, has, however told the Prime Minister that he would be available for serving the nation in anyway possible while continuing his academic assignment. His last day in the office will be August 31.
Arvind Panagariya has resigned as vice chairman of Niti Aayog, reported the Press Trust of India today. The 64-year-old economist says he will return to academia in the US. August 31 will be his last day in office.
He has been chief economist at the Asian Development Bank and also has a PhD in economics from Princeton University.
A protege of economist Jagdish Bhagwati, Prof. Panagariya has also worked for the World Bank, the International Monetary Fund, World Trade Organisation, and the UN Conference on Trade and Development.