Indian financial system is on a shaky ground, says Nobel awardee Abhijit Banerjee

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    Indian financial system is on a shaky ground, says Nobel awardee Abhijit Banerjee


    Kolkata:Indian-AmericanAbhijit Banerjee, who on Monday won the 2019 Nobel for Economics, said Indian financial system is on a shaky ground.

    The knowledge at impress accessible attain no longer retain any assurance for the country’s financial revival anytime soon, he acknowledged.

    “The condition of Indian financial system is on a shaky ground. After witnessing the present (growth) files, perfect can no longer originate particular about it (revival of financial system in attain future).

    “Within the final 5-six years, no longer lower than lets see some growth, but now that assurance is also long gone,” Banerjee instructed a files channel from the US.

    The 58-year-old economist, who bagged the coveted prizecollectively alongside with his well-known other Esther Duflo and one other economist Michael Kremerfor his “experimental attain to assuaging world poverty”, said he never arrangement he would secure a Nobel so early in his profession.

    “I in fact had been doing this learn for the final twenty years. We fetch tried offering solutions in direction of alleviation of poverty,” Banerjee, who is at impress the Ford Basis Global Professor of Economics on the Massachusetts Institute of Expertise (MIT), said.

    This fable has been printed from a wire agency feed without modifications to the textual reveal. Only the headline has been changed.

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