"India has more ministries than almost any other country. Most of the well governed countries have 30 or fewer ministries whereas India has 50 plus," he said.
"Too many ministries lead to multiple agencies with competing interests in nearly every policy issue, slowing down even impeding desirable change. Numerous sectoral ministries (steel textiles, telecom, IT, electronics, chemicals, fertilizers, mines, heavy industries, public enterprises, food processing, and MSME) also become focal points for narrowly defined industry interests," he said.
of public sector undertakings -- one PSU
per week, he said this is feasible since more than two-dozen PSUs already have the Cabinet approval.
"Privatise Air India," Panagariya said.
In the first 100 days, Panagariya also called for amending the Banking Regulation Act through an ordinance to allow the Reserve Bank of India to restore its February 12, 2018 circular or equivalent, aimed at putting a lid on the future creation of non-performing assets (NPAs).
"Accelerate cleaning up of NPAs and infuse capital into Public Sector Banks (PSBs) do ensure that healthy credit growth returns," he said.
Strongly advocating continued movement on lateral entry in civil service, the former vice chairman of NITI Aayog sought increased role of Young Professionals in ministries to inject young blood in governance.
"Announce the intention to introduce a sunset clause on centrally-sponsored schemes and central sector schemes and begin an audit towards that objective," he said.
"Create a new entity with charge for negotiating trade agreements and place it in the Prime Minister Office along the lines of the USTR (US Trade Representative)," Panagariya said.
Among the longer-term reforms, Panagariya recommended reform of labour laws.
"Reform of land laws relating acquisition, conversion of land from one use to another, tenancy and rental laws," he said.