New Delhi. After the good news for various companies and the economy on the employment front, the statement of Nobel laureate Abhijeet Banerjee has brought a big relief to the Modi government. Banerjee said at the Jaipur Literature Festival that there have been some good signs for the Indian economy for the past two months, but I do not know if this will continue to be the future as the latest figures are forthcoming.
The last several quarters The condition of the economy is bad. The country's economic growth rate was 4.5 percent in the second quarter, which is a six-and-a-half year low. Earlier, the growth rate in the last quarter was just 5 percent. Banerjee, who received the Nobel Prize in Economics for Experiment Approach for Eliminating Poverty Around the World, said there has been a huge reduction in poverty in India in the last 30 years. Poverty was 40 percent in the year 1990, which has now reduced to less than 20 percent. There has been an increase in population, but there has been a huge reduction in the number of poor.