Besides, this authorities has made “unprecedented progress” in tackling corruption, he added.
On the reforms undertaken by the Narendra Modi-led NDA authorities, he stated the three main areas of initiatives have been the implementation of the Goods and Services Tax (GST), Insolvency and Bankruptcy Code (IBC) and direct profit switch (DBT).
In an interview to PTI, the eminent economist stated “…Ayushman Bharat, PM-Kisan, cooking gas, rural roads and rural electrification represent major successes of the Modi government. Unprecedented progress has also been made in combating corruption.”
Talking about infrastructure sector, he stated the federal government has managed to drastically speed up outcomes in sectors like roads, railways, waterways, civil aviation and digitisation.
On questioning the credibility of statistical knowledge by over 100 economists and social scientists, Panagariya stated until such critics establish exactly what a part of the CSO/MOSPI methodology, described intimately in a 40-page doc, they discover problematic, their statements solely quantity to assertions.
“None of the international institutions, including the World Bank, IMF and the United Nations, have expressed any doubt in the integrity of our statistical institutions or the numbers these institutions generate. Nor have I seen any objective evidence that the institutions have tried to fudge their data on their own or at the behest of any other government departments,” he asserted.
The Columbia University professor additionally famous that revision of GDP estimates is nothing new and this has been a well-established apply.
Former RBI governor Raghuram Rajan lately had expressed doubts over Indian economic system rising 7 % when not sufficient jobs have been created and stated the present cloud over the GDP numbers should be cleared by appointing an neutral take a look at the info.
Besides, expressing concern over political interference in influencing statistical knowledge in India, as many as 108 economists and social scientists had known as for restoration of institutional independence and integrity to the statistical organisations.
Panagariya served as the primary vice-chairman of NITI Aayog for 2 years from 2015 to 2017.
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