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

DoT to deactivate extra SIM of subscribers beyond 9 connections

New Zealand’s plan to end smoking: A lifetime ban for youth

Omicron: Wenlock Hospital identified for institutional isolation, treatment and management of COVID-19 cases

‘Jai Bhim’, ‘Shershaah’ tops the 2021 IMDb list of Indian movies

Tri-services inquiry already underway in chopper crash: Rajnath Singh

Explosion in Delhi’s Rohini court, proceedings suspended

Sanskrit should be made official language: Swamy


Related Articles More

Delhi court rejects suit seeking restoration of deities inside Qutub Minar complex, refers to Ayodhya judgment

Tri-services inquiry already underway in chopper crash: Rajnath Singh

Explosion in Delhi’s Rohini court, proceedings suspended

Floral tributes paid to Rawat, others

Rajnath says inquiry started into helicopter crash that killed CDC Rawat, 12 others

MUST WATCH

Udayavani news Bulletin – 8-12-2021

Karnataka : A Success Story of Karamballi Couple in Jasmine Cultivation Udayavani

Cow Eats Gold Chain at Sirsi

Mangaluru: Four of family found dead; suicide suspected

Road Problem at Dandeli


Latest Additions

Spooked by disunity: Why some Malaysians prefer autocracy to democracy

Baleno crosses cumulative sales milestone of 10 lakh units: Maruti Suzuki

DoT to deactivate extra SIM of subscribers beyond 9 connections

Delhi court rejects suit seeking restoration of deities inside Qutub Minar complex, refers to Ayodhya judgment

New Zealand’s plan to end smoking: A lifetime ban for youth

Thanks for visiting Udayavani

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