NEW DELHI: Prime Minister Narendra Modi on Tuesday met Nobel laureate Abhijit Banerjee and “had a healthy and extensive interaction on various subjects”. The Prime Minister also wished him luck for his future endeavours. PM Modi after the meeting with Banerjee took to Twitter and wrote: “Excellent meeting with Nobel Laureate Abhijit Banerjee. His passion towards human empowerment is clearly visible. We had a healthy and extensive interaction on various subjects. India is proud of his accomplishments. Wishing him the very best for his future endeavours.”
Banerjee won the award this year jointly with Esther Duflo – a French-American economist – and fellow US professor Michael Kremer.Banerjee, an Indian-born American professor at Massachusetts Institute of Technology, has jointly won the Nobel in economics for 2019 for “experimental approach to alleviating global poverty”.He did his schooling at South Point School and had graduated in economics from the famed Presidency College (now University) in Kolkata.”It was really a privilege to have this meeting with the PM. PM was kind enough to give me quite a lot of time and to talk a lot about his way of thinking about India which was quite unique because one hears about policies, but one rarely hears about the thinking behind it,” Banerjee said post the meeting with the PM.
The Nobel laureate has been critical of the government over some of its decision-making process. Recently, he said that the government’s stringent commitment to low inflation has resulted in farm distress by adversely impacting support price for agricultural produce.
Banerjee also stated that the corporate tax cut would not bring growth but probably moderation in direct tax could push the growth northward.
The government last month slashed the corporate tax rate to 22 per cent for domestic companies to push sagging economy.