Modi government made 'unprecedented' progress in tackling corruption: Arvind Panagariya
What's the story
Former NITI Aayog vice-chairman Arvind Panagariya has said the Modi government has achieved "major successes" in social sector programmes like Ayushman Bharat, PM-Kisan and rural electrification.
The government made "unprecedented progress"' in tackling corruption, he said. The three major areas of initiatives were the implementation of the Goods and Services Tax (GST), Insolvency and Bankruptcy Code (IBC) and direct benefit transfer (DBT), he added.
Infrastructure
Govt managed to greatly accelerate outcomes in infrastructure sector: Panagariya
Speaking to the media, the eminent economist said "...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 the infrastructure sector, he said the government has managed to greatly accelerate outcomes in sectors like roads, railways, waterways, civil aviation, and also digitization.
Information
Panagariya on credibility of statistical data by economists, social scientists
On questioning the credibility of statistical data by over 100 economists and social scientists, Panagariya said unless such critics identify precisely what part of the CSO/MOSPI methodology, described in detail in a 40-page document, they find problematic, their statements only amount to assertions.
Statement
International institutions never doubted integrity of our statistical institutions: Panagariya
"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," said Panagariya.
"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.
Indian Economy
Raghuram Rajan expressed doubts over Indian economy growing at 7%
The Columbia University professor also noted that revision of GDP estimates is nothing new and this has been a well-established practice.
Former RBI Governor Raghuram Rajan recently had expressed doubts over Indian economy growing 7% when not enough jobs were created and said the current cloud over the GDP numbers must be cleared by appointing an impartial look at the data.
About
Panagariya served in NITI Aayog for two years from 2015-17
Besides, expressing concern over political interference in influencing statistical data in India as many as 108 economists and social scientists had called for the restoration of institutional independence and integrity to the statistical organizations.
Panagariya served as the first vice-chairman of NITI Aayog for two years from 2015 to 2017. He has also worked with the World Bank, IMF, and the World Trade Organization.