Expressing complete optimism, the vice chairman of NITI Aayog, Arvind Panagariya, in a recent statement, reiterated that green shoots of resounding revival of the economy are clearly visible and backed the idea of reworking the massive rural job scheme for better asset creation and skills development to further accelerate the growth momentum. The government has decided to continue with the 12th Five-year Plan for now which is in its third year and it would explore the shift to strategic and grassroots planning during the remaining plan period, he said in his first interview after taking over as the first vice-chairman of the body.
The economy is without doubt on the path to recovery. However, doubts have been expressed recently in the context of the new GDP calculations adopted by the Central Statistical Organization. But even those who remain skeptical of the level of growth rates as measured by the new CSO methodology would agree that the growth rate measured is moving steadily in the upward direction. Moreover, there is a general consensus among commentators that the Mahatma Gandhi National Rural Employment Guarantee Act scheme in its current form is not delivering the desired results.