newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra
India ki Story

INDIAN ECONOMY IN TROUBLE, NOBEL WINNER WARNING

The Indian economy is “doing very badly” and the government also recognising that there is a problem.
Nobel Economics Prize winner Indian-American Abhijit Banerjee observe that the Indian economy is “doing very badly” even as the government is recognising.

Mr Banerjee said, “the fact that we see in that between 2014-15 and 2017-18 the national sample survey numbers has slightly gone down. And that’s the first time such a thing has happened in many many years so that’s a very glaring warning sign.”

“There is enormous fight going on in India about which data is right and the government has a particular view of (that) all data that is inconvenient to it is wrong. But nonetheless, I think that this is something that I think even the government is increasingly recognising that there is a problem. So the economy slowing very very fast. How fast we don’t know, there is this dispute about data but I think fast,” he said.

Mr Banerjee added that he does not know exactly what to do. “The government has a large deficit but right now it’s sort of at least aiming to please everybody by pretending to hold to some budgetary targets and monetary targets,” he said.

Related posts

NO postal ballot above 65 yrs

Newsmantra

Six people were killed and 18 are still missing. Tiware Dam breach

Newsmantra

महान धावक मिल्खा सिंह का निधन

Newsmantra