Former Niti Aayog chief Arvind Panagariya backs Modi up on Jio Institute, calls him 'courageous leader'

Former NITI Aayog vice chairperson Arvind Panagariya called Prime Minister Modi a "courageous leader" on the Centre's decision to select Jio Institute for the "Institution of Eminence" status.

Published: 13th July 2018 08:41 PM  |   Last Updated: 13th July 2018 08:41 PM   |  A+A-

Arvind Panagariya (File | PTI)

By Express News Service

NEW DELHI: Former NITI Aayog vice chairperson Arvind Panagariya called Prime Minister Narendra Modi a "courageous leader" on the Centre's decision to select Jio Institute for the "Institution of Eminence" status.

He was speaking at the inauguration of the Annual Leadership Summit of the US India Strategic and Partnership Forum (USISPF). The economist lauded the economic reforms of the central government and said it will help[ India develop at a "breakneck" pace in the next 15-20 years.

He called Modi "an economic and social reformer".

The Centre had recently decided to grant the Jio Institute, which is yet to be established, the status of the 'Institution of Eminence'. In this context, referring to the Prime Ministeer, Panagariya said, "He is one of the courageous leaders that I have ever seen."

"In India's environment any Prime Minister would think twice or thrice (before) they are going to announce something that doesn't exist because the press is going to be after it," he said.

"This is what you need. Because in a new university you can write the rules from scratch, from the beginning. In an existing institution, (bringing) change is much harder," the former Niti Aayog chief added. He compared India' s potential economic growth during a period of the next 20 years to China's growth over the last decade.

"That's the kind of breakneck pace (at which India would develop)." India has been growing at a rate of 7.3 per cent, the highest for any major economy of the world. This is the result of investments from investors from across countries, including the US, he said. The country will continue to see investments pouring in.

He added that American countries have shown reluctance in investing in the infrastructure sector so far. The Indian government would need to improve on this aspect in order to draw in more investors. He disputed the claim that there are not adequate jobs in India. He refuted the media reports and said it was a "gross misrepresentation" that jobs were not being created in India.

"The very fundamental point to make is this: when a country grows at 7.3 per cent, it cannot happen without job creation," he said.

"The whole notion that jobs is not being created is quite wrong." In the private sector, the government on Monday had granted

"Institution of Eminence" status to Manipal Academy of Higher Education, BITS Pilani and Jio Institute. The government's selection has drawn criticism from different quarters. However, the HRD Ministry had on Tuesday said that the tag was conditional and it would get a letter of intent for now.

Stay up to date on all the latest Nation news with The New Indian Express App. Download now


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

  • Linzhi

    Most openly corrupt
    2 years ago reply
  • baburajan

    aravind panagariya got how much as corruption for this. really modi is bold in corruption and against the law of natural justices.
    2 years ago reply
  • Scorpio

    For this GENTLEMAN there was 8% growth at UPA II without job creation. Can he explain us how it was made using his BRAIN? The same applies here too..... The govt claims it has saved so much on this and that subsidies and demonetization and stopped pilferage .... where does that saved money go
    2 years ago reply
flipboard facebook twitter whatsapp