Indian economy on shaky ground: Abhijit Banerjee

Expressing concern over the current condition of the Indian economy Nobel Prize winner Abhijit Banerjee said on Monday that it was on shaky ground. He also said that unlike the last five to seven years there is no assurance that the growth of the Indian economy will continue.

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“The Indian economy is on shaky grounds. Seeing its current situation I can’t say that I am convinced. Unlike the last five to seven years when there was an assurance that even as there are environment was being damaged the growth of the economy will will continue. Now even that assurance is gone,” said Banerjee. He was speaking to a private news channel over phone from the USA.

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As for working with the government he said that currently they are working with several state governments and there is no bitterness among them and the government authorities.

“We are working with several state governments at present. Its not that we have any bitterness against the government. They accept some of our suggestions and reject some. But its not that they don’t bother to listen to us at all,” said Banerjee.