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LATEST NEWS UPDATES | India among worst performing economies in world; stimulus inadequate: Abhijit Banerjee

India among worst performing economies in world; stimulus inadequate: Abhijit Banerjee

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published Published on Sep 29, 2020   modified Modified on Sep 30, 2020

-PTI/ The Indian Express

Speaking at a virtual event, Nobel Laureate Abhijit Banerjee said the country's economic growth was slowing down even before the COVID-19 pandemic hit.

Nobel Laureate Abhijit Banerjee on Tuesday said India is among the worst performing economies in the world and the government’s economic stimulus was inadequate to tackle the problem. He, however, said that the country will see a revival in growth in the July-September quarter of the current fiscal.

Speaking at a virtual event, Banerjee said the country’s economic growth was slowing down even before the COVID-19 pandemic hit.

“Indian economy is among the worst performing in the world. The country’s economy will see revival in the current quarter (July-September),” he said, adding that economic growth in 2021 is going to be better than this year.

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PTI/ The Indian Express, 29 September, 2020, https://indianexpress.com/article/business/india-among-worst-performing-economies-in-world-abhijit-banerjee-6635929/?fbclid=IwAR1AMcscnSQL4SOUOGdL-aJYTKTDpx4Giv1mfO5yJkuauadudepGm7aXEis


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