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India among worst-performing economies: Abhijit Banerjee

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 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 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 economic growth in 2021 is going to be better than this year.

Banerjee, currently a professor at Massachusetts Institute of Technology (MIT), said he does not think India’s economic stimulus was adequate.