Senior economist Surjit Bhalla quits from Prime Minister’s advisory panel

Senior economist and columnist, Surjit Bhalla on Tuesday announced that he had resigned as part-time member of Economic Advisory Council to the Prime Minister(EAC-PM) on December 1. “I resigned as part-time member of PMEAC on December 1,” Bhalla said on social networking site Twitter.

Confirming Bhalla’s claim of quitting from the position, a PMO spokesperson said, “In his request he had stated that he would be joining some other organisation,” the spokesperson said.

The renowned economist has also taught at the Delhi School of Economics, and worked as a research economist at the Rand Corporation, the Brookings Institution, World Bank, Deutsche Bank and Goldman Sachs. He has authored several academic articles and three books on globalisation and its effects on the world economy.

The EAC-PM is headed by Niti Aayog member Bibek Debroy. Economists Rathin Roy, Ashima Goyal and Shamika Ravi are other part-time members.

The announcement of Bhalla’s resignation comes a day after RBI Governor, Urjit Patel quit from his position, after a long stand-off with the government on several issues. Albeit, Patel stated personal reasons for stepping down, experts believe that his differences of views with the government, played a role behind the decision.

“Dr. Urjit Patel is a thorough professional with impeccable integrity. He has been in the Reserve Bank of India for about 6 years as Deputy Governor and Governor. He leaves behind a great legacy. We will miss him immensely,” Prime Minister Narendra Modi said about Urjit Patel’s resignation.

Earlier, former Niti Aayog boss Arvind Panagariya, former chief economic adviser Arvind Subramanian also decided to step down from the position.