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Kapil Sibal
National Politics

Kapil Sibal reminds Modi govt Nobel Prize winner Banerjee’s “India is in crisis” statement

In a lecture at Brown University’s Watson Institute, Banerjee had said, “India is in a crisis” in a warning sign of situation in Indian Economy.

New Delhi: On Tuesday Congress senior leader Kapil Sibal cited Nobel Prize winner economist Abhijit Banerjee’s comments to question the Modi government’s stance on the slowdown in the economy.

On the same day that he won the Nobel Prize for Economics for his work in fighting global poverty, Abhijit Banerjee said that the “Indian economy is on shaky ground” and “the government should do pilots of policy initiatives more carefully”.

“Is Prime Minister listening,” said Sibal. Sibal even cited Banerjee’s stand on alleged “political interference” in India’s statistical data. Earlier this year, both Abhijit Banerjee and his wife Esther Duflo were among 108 academics to criticize the “political interference” in statistical data, in the backdrop of the controversy over the alleged revision of GDP numbers and withholding of employment data by NSSO.

Also Read: Modi ‘single biggest destroyer of jobs’, govt synonym for unemployment: Congress

Sibal also referred to Banerjee’s comment from Monday in which the Nobel Prize awardee had said that the average consumption in urban and rural consumption is declining.

On October 9, in a lecture at Brown University’s Watson Institute, Banerjee had said, “We are in a crisis” in a staunch warning about the looming situation of the Indian Economy.

While experts are criticizing the BJP govt over the economic slowdown, it is in denial mode and not ready to recognize economic slowdown in India. The government sidelined suggestions of prominent economist  Raghuram Rajan, Former PM Manmohan Singh, on Economy.

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