In a session of Jaipur Literature Festival, he mentioned, "When the opposition is scattered and weak, then in such a situation the government can think that it can do anything. Democracy expects strong opposition."
Jaipur: Nobel laureate economist Abhijeet Banerjee feels that robust opposition is essential for efficient governance, in order that the federal government could be pressurized for good work. In a session of the Jaipur Literature Festival, he mentioned, "When the opposition is scattered and weak, then in such a scenario the federal government can assume that it will probably do something. <! –
Democracy expects robust opposition. "
Discussing the demanding factors of the Indian economic system, Banerjee mentioned that the situation of the financial sector is dangerous. He mentioned, "We know the condition of the banks and the fact is that the government does not have money. There is a huge reduction in the demand for the goods produced. This is related to the fact that people do not have enough money, so They are not spending. "
Refusing to reply any query associated to the present political state of affairs of the nation, Banerjee mentioned that the slowdown within the city sector has a unfavourable influence on all the economic system. He mentioned, "We shouldn’t neglect that the agricultural economic system depends on town which provides employment to the folks dwelling within the nation. Therefore, the droop of the city space will have an effect on the agricultural economic system.
At a time when virtually all political events promise extra subsidies, particularly throughout elections, Banerjee mentioned that that is essential for the poor, however this shouldn’t be accomplished. However, he mentioned, "When these subsidies are given to those who do not need them, then the situation becomes very confusing."
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An economist, who is taken into account an knowledgeable on poverty alleviation, mentioned that passable enchancment in India's situation will come when poverty will come down.
Asked if the information the federal government collects isn’t trusted, Banerjee insisted that lack of belief can convey panic amongst overseas traders.