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.