Nobel laureate economist calls Indian economy 'bad'
Nobel laureate economist calls Indian economy 'bad'
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New Delhi: There is a lot of discussions these days about the country's economy. Due to the slowdown in the economy, the government is constantly under attack from the opposition. Many agencies have given negative reports about the economy. But the government is denying any such slowdown in the country. Abhijit Banerjee, an Indian-American selected for the Nobel Prize for Economics, has also joined the episode. He has commented negatively on the Indian economy. Abhijeet Banerjee said that despite the government rapidly identifying the problem, the Indian economy is performing 'very poorly'.

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Banerjee was speaking to the media after the name was announced for the Nobel Prize. When asked about the state of the Indian economy and its future, he said, 'This statement is not about what will happen in the future, but about what is happening. I am entitled to have an opinion about it. '

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Referring to the National Sample Survey data giving estimates of average consumption in urban and rural areas of India, he said, "According to the facts we are seeing, the figures have decreased slightly between 2014-15 and 2017-18. ' Banerjee said, 'This has happened for the first time in many, many, many years, so it is a very big warning sign.' He said that there is a debate in India as to which data is correct and the government especially believes that all those figures are wrong, which is inconvenient. He expressed concern about the falling demand in the economy.

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