Yes, panini is a Scrabble word!
...and is worth 8 points in Scrabble, and 11 points in Words with Friends
panini
Noun
1. Indian grammarian whose grammatical rules for Sanskrit are the first known example of descriptive linguistics (circa 400 BC)
What Scrabble words can I make with the letters in panini?
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Words that can be created with an extra letter added to panini:
G:paining