Indian economy on a shaky ground: Nobel awardee Banerjee


Team Udayavani, Oct 14, 2019, 7:14 PM IST

Kolkata: Indian-American Abhijit Banerjee, who on Monday won the 2019 Nobel for Economics, said Indian economy is on a shaky ground.

The data currently available do not hold any assurance for the country’s economic revival anytime soon, he stated.

“The condition of Indian economy is on a shaky ground.

After witnessing the present (growth) data, just can’t be sure about it (revival of the economy in near future).

“In the last five-six years, at least we could witness some growth, but now that assurance is also gone,” Banerjee told a news channel from the US.

The 58-year-old economist, who bagged the coveted prize jointly with his wife Esther Duflo and another economist Michael Kremer for his “experimental approach to alleviating global poverty”, said he never thought he would get a Nobel so early in his career.

“I have been doing this research for the last twenty years. We have tried offering solutions towards alleviation of poverty,” Banerjee, who is currently the Ford Foundation International Professor of Economics at the Massachusetts Institute of Technology (MIT), said.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

3 killed, 6 injured as truck crushes people sleeping on footpath in Pune

Ambedkar row: Congress to hold nationwide protest against Amit Shah’s remarks

Special trains announced from Bengaluru for Christmas and Kumbh Mela

H D Kumaraswamy announces Rs 15,000 crore revival plan for Bhadravati Visvesvaraya Iron & Steel Factory

Allu Arjun didn’t leave theatre despite being told about woman’s death: Hyderabad police

Kannada Sahitya Sammelana: Food distribution creates stir

Rohit gets hit in nets, practice pitches on slower side

Related Articles More

3 killed, 6 injured as truck crushes people sleeping on footpath in Pune

Ambedkar row: Congress to hold nationwide protest against Amit Shah’s remarks

Notorious gangster wanted in UAPA case arrested at Nepal border

‘Condition critical’, say doctors as farmer leader Dallewal’s fast enters 27th day

ISRO to study how crops grow in space on PSLV-C60 mission

MUST WATCH

Tulunadu Daivaradane

Feeding Birds with Creative Paddy Art!

Areca Nut

HOTEL SRI DURGA BHAVANA

Harish Poonja


Latest Additions

3 killed, 6 injured as truck crushes people sleeping on footpath in Pune

Perla Fire Disaster: Five shops completely gutted; Loss estimated at Rs 1.83 crore

Ambedkar row: Congress to hold nationwide protest against Amit Shah’s remarks

Special trains announced from Bengaluru for Christmas and Kumbh Mela

H D Kumaraswamy announces Rs 15,000 crore revival plan for Bhadravati Visvesvaraya Iron & Steel Factory

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.