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    Modi govt has major successes in social sector schemes: Arvind Panagariya

    Synopsis

    Panagariya also said that the Modi govt has made an 'unprecedented progress' in tackling corruption.

    Agencies
    Arvind Panagariya served as the first vice chairman of NITI Aayog for two years from 2015 to 2017.
    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.

    Besides, this government has made an 'unprecedented progress' in tackling corruption, he added.

    On the reforms undertaken by the Narendra Modi-led NDA government, he said the three major areas of initiatives were implementation of the Goods and Services Tax (GST), Insolvency and Bankruptcy Code (IBC) and direct benefit transfer (DBT).

    In an interview to PTI, 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 infrastructure sector, he said the government has managed to greatly accelerate outcomes in sectors like roads, railways, waterways, civil aviation and digitisation.

    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.

    "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 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 per cent 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.

    Besides, expressing concern over political interference in influencing statistical data in India as many as 108 economists and social scientists had called for restoration of institutional independence and integrity to the statistical organisations.

    Panagariya served as the first vice chairman of NITI Aayog for two years from 2015 to 2017.
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    21 Comments on this Story

    P K482 days ago
    Indeed lot of remarkable reforms have been taken place during last five years which are focal on long term growth and pushing lowest chunk of the pyramid above an enabling state.india have not benefited much after so called Green revolution even though food production was high multiple times.its a paradox ,farming community were perennially remained distressed becos of wrong agri policy . memory of huge food damage in the open stack yard and on the other hand people died unfed.such situation not happened in the recent past becos firm implementation of debt.slippages to the pockets of party well wishers and corrupt officials were all fine with previous government.now this is history.we don''t want to repeat it.
    The ugliest part of Indian political system is dynastic attitude of national and regional parties.even leftists are far better than those dynastic regional parties.
    While govt s primary job is helping marginalized I will say current regime is quite successful in it .India facing socio eco problems currently becos of wrong doing o past govt.while successful calibration of low inflation attracted huge fdi and domestic investment thereby creating more jobs our working groups are beneficiaries.low healthcare bill under new adopted policy lowers burden of poor.one of the attractive feature of this regime is inclusive approach under which a remote tribal women in odisha ap or west Bengal in cooking with lpg gas probably they have never thought of getting it so quickly.
    Deepak Mehrotra482 days ago
    BJP has highlighted low inflation as its economic achievement. But there is more to story. Food inflation growth fell to 0.7 % in FY19. This is bound to have put a significant strain on farm incomes. The short point is : Current farm distress is a direct by-product of low inflation. The temptation to keep inflation low to promote growth and investment is not unjustified. However, no government can afford to achieve this by putting a squeeze on farmers’ incomes by keeping food prices depressed. It will also create headwinds to aggregate demand, which could neutralise the expected tailwinds from higher investment. The long-term solution to the problem is to create non-farm jobs and significantly increase agricultural productivity. In this election season, what was expected from main political parties were bold promises to reform agri-markets. But the BJP manifesto is quite silent on this. In that sense , Congress manifesto scores better by explicitly promising to reform the ECA , repealing the APMC , freeing exports, etc. also, the Congress promises Rs 72000 per year to the bottom 20 % families under NYAY , which will include many small and marginal farmers, tenants, agriculture-labourers. Since, Congress manifesto also gives a time-frame under which it will be implemented, it seems serious about it.
    P K482 days ago
    There are many reforms which have already started producing perceptible impact on the targeted population creating large social and economic values.pragmatic stance with assessment based criteria is the hall mark of this govt.prevoius huge amount of money has been spent without creating anything in return in mgnrega like scheme.we have how rural people became lazy and apathy to work.they also don''t have any urge to upgrade their skill.it is huge loss unquantifiable.recently same type of scheme some party want to implement or want to extend faulty 100 days program to 200 days.generic schemes like this potentially counterproductive and upset larger economic well being.quantitave statement is hopelessly absent in the narration of noted economists who expressed doubts in many datas produced by central institutions.they failed. see commendable improvements in physical and social infrastructure .GST has many hitches and must be fixed to make it easily compilable.
    NPAs itself a big indication of economic mismanagement of yestergovts . people are awareo of NPAs and so want to avoid its further growth.ayushman Bharat have brought in phenomenal change in healthcare and unprevelieged sections are the greatest beneficiaries o this schme.
    Similarly making new roads on surface water and air are fuelling economic growth.connectivity in the digital world also is empowering rural youths and women .steps uniquely designed and implemented are helping the last man first and gradually upwards
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