In the realm of economics, Arvind Panagariya stands as a luminary, a force whose impact transcends borders and has left an indelible mark on India’s economic landscape. From his early days to his current position as the Jagdish Bhagwati Professor of Indian Political Economy at Columbia University, Panagariya’s journey is a testament to dedication, expertise, and a relentless pursuit of excellence.
Arvind Panagariya’s Early Years and Academic Pursuits
Born on September 30, 1952, in the Oswal Jain community of Rajasthan, Arvind Panagariya inherited a legacy of intellectual curiosity. His father, Baloo Lal Panagariya, a prominent figure in the field of journalism, instilled in him a passion for knowledge.
Panagariya’s academic journey saw him earn a Ph.D. in Economics from Princeton University, studying under the guidance of distinguished mentors such as Peter Kenen and William Hoban Branson.
A Distinguished Career Unfolds
Arvind Panagariya’s academic prowess led him to become a Professor of Economics and co-director of the Center for International Economic at the University of Maryland from 1978 to 2003. During this period, he also served as Chief Economist at the Asian Development Bank, further expanding his influence on the global economic stage.
His extensive work with international organizations, including the World Bank, International Monetary Fund, World Trade Organization, and the United Nations Conference on Trade and Development (UNCTAD), showcased Panagariya’s commitment to addressing economic challenges on a global scale.
A Beacon at Columbia University
Currently holding the prestigious position of the Jagdish Bhagwati Professor of Indian Political Economy at Columbia University, Panagariya continues to be a guiding force in shaping the minds of future economists.
His role as the Director of the Deepak and Neera Raj Center on Indian Economic Policies underscores his commitment to fostering a deep understanding of India’s economic complexities.
Prolific Authorship and Recognition
Arvind Panagariya’s impact extends beyond the lecture halls. With more than fifteen authored or edited books, his works have earned accolades and recognition globally. “India: The Emerging Giant” and “Why Growth Matters,” co-authored with Jagdish Bhagwati, stand out as influential pieces, receiving awards such as the Eccles Prize for Excellence in Economic Writing.
Awards and Honors
In 2012, the Government of India bestowed upon Arvind Panagariya the Padma Bhushan, a prestigious civilian honor, recognizing his outstanding contributions to economics and public policy.
The Man Beyond Economics
Arvind Panagariya’s contributions extend beyond the realm of economics. He played a pivotal role as the first Vice Chairman of the NITI Aayog, serving the Government of India between January 2015 and August 2017. As India’s G20 Sherpa, he led negotiations during critical presidencies, showcasing his diplomatic and strategic prowess.
A Visionary’s Legacy
Arvind Panagariya’s resignation from NITI Aayog in 2017 was met with commendation from Prime Minister Modi, who termed his contributions as ‘miraculous.’ The legacy of Arvind Panagariya is one of unwavering dedication to economic progress, a legacy that continues to inspire policymakers, analysts, and economists alike.
Personal Life and Future Endeavors
In his personal life, Arvind Panagariya is not just an economist but a family man. Married to Amita since 1981, he is a father to two accomplished sons, Ananth Hirsh, a comic book author, and Ajay, a technologist and entrepreneur.
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