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Last 15-20 years have been truly transformational for Indian economy, says Arvind Panagariya

Updated : November 12, 2019 01:58 PM IST

I think if we get our house further in order, carry out more reforms as we go forward, and sustain this for another two to three decades, I think we will be very much like the South Korea, Taiwan, and China stories, said Panagariya.
Particularly in the last five years it [inflation] has stayed, on an average, at 4 percent. So in some ways you can say that there has been a bit of death of inflation, he said.
Panagariya is optimistic that India’s refusal to join the RCEP is merely a bargaining stance for a better deal and the country will eventually be a part of the agreement.
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