Govt economic stimulus inadequate to tackle problems: 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.

The stimulus measures did not increase the consumption spending of lower-income people as the government was not willing to put money in their hands, he added.

Banerjee, however, said that the country will see a revival in growth in the 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-19 pandemic hit.