The BJP Government should look at providing cash support to the bottom 60 percent of India’s population, Nobel laureate Abhijit Banerjee has said.
Getting some cash into the hands of the population is the best way to kickstart the economy, says Banerjee in a conversation with former Congress president Rahul Gandhi.
The top economist felt India needed to come up with a large stimulus package on the lines offered by the American, French and other European countries to help revive demand in the economy.
“We really haven’t decided on a large enough stimulus package. We are still talking about 1 per cent of GDP. United States has gone for 10 per cent of GDP,” Banerjee, who is the Ford Foundation professor of economics at MIT said.
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