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Banerjee, a Nobel laureate in economics, apprehensive about India’s growth story!

By Indian Mandarins- 15 Oct 2019
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With the World Bank reducing the growth rate of India to around 6 per cent from its earlier projection of 7.5 per cent, Indian-American Nobel laureate in economics Abhijit Banerjee too is of the view that Indian economy is on a shaky ground as far as growth is concerned.

Banerjee is of the view that the data available at the moment do not hold any assurance for India's economic revival anytime soon. Indian economy is on a shaky ground. After witnessing the present (growth) data, just can't be sure about revival of economy in near future.

In the last five-six years, at least the country witnessed some growth, but now that assurance is also gone and there is no growth visible. He has also talked about imposing more taxes on rich and industrialist of the country to help the economy grow. He had several countries as research subject.

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Indianmandarins.com, an initiative of New Media Network, is a multi-media initiative for the fast and real-time dissemination of news and information related to civil services, central PSUs and other institutions that play a critical role in governance, administration, corporate governance, and public life in India. We aspire to provide our esteemed readers with news breaks and situation analysis in the above-mentioned domain of operations. Currently, we are available at www.indianmandarins.com. We are now planning to branch off into print publication and few other related business initiatives.