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Indian economy is on a shaky ground: Abhijit Banerjee

Indian economy, shaky ground, Abhijit Banerjee, Nobel for Economics, Indian economy,
Abhijit Banerjee during a press conference at Massachusetts Institute of Technology on October 14, 2019 in Cambridge, Massachusetts.- AFP

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



By PTI

Published: Mon 14 Oct 2019, 10:00 PM

Last updated: Tue 15 Oct 2019, 12:45 AM

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 economy in near future). In the last 5-6 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've been doing this research for the last 20 years. We have tried offering solutions towards alleviation of poverty," said Banerjee, who is currently the Ford Foundation International Professor of Economics at the Massachusetts Institute of Technology.


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