Abhijeet Banerjee, Esther Duflo and Professor Michael Kramer of Harvard University received the prestigious Nobel Prize for Economics of 2019, and this news rose to prominence in the Indian media.

Abhijeet Banerjee was born in India and educated up to the master here. There was also a good discussion about Banerjee studying in JNU. This is also because JNU has been targeted by many BJP leaders.

Abhijeet Banerjee has been critical of the Modi government's decision on demonetisation and helped prepare the Congress Party's manifesto in the 2019 general election.

The justice scheme was the idea of ​​Abhijeet Banerjee in the Congress manifesto. Under the justice scheme, the Congress party had promised in the 2019 general election that if it forms the government, it will transfer 72 thousand rupees to their account every year to the twenty percent of the poorest families in the country. However, the Congress lost badly in the elections.

The Government of India had a very cold reaction when Abhijeet Banerjee received the Nobel. However, Prime Minister of India Narendra Modi gave a formal congratulation on Twitter. But Piyush Goyal, Minister of Railways and Commerce, Government of India, commented on Abhijeet Banerjee was the most discussed.

Piyush Goyal had told reporters on Friday, "We congratulate Abhijeet Banerjee for winning the Nobel Prize." But you all know that he is completely with the leftist ideology. He had helped Congress formulate a justice plan but the people of India completely rejected it. ''

Abhijit Banerjee has reacted to this comment of Piyush Goyal. Abhijeet is in Delhi to launch his new book 'Good Economics for Hard Times: Better Answer to Our Biggest Problems'.

When asked about Piyush Goyal's remarks in Delhi, he told NDTV, "I think such a comment will not help." I have received a Nobel for my work and nothing will be gained by making them question my work. If the BJP will also ask questions on economics like the Congress party, will I not tell the truth? I will tell you the truth. I am a professional so for everyone. I am not there for any special party. My understanding of the economy will not change according to the party. If anyone asks me a question, I will not question the purpose of asking him questions. I will answer those questions. ''

Abhijeet said, "I have worked with many state governments in India. BJP also has governments in this. I have worked closely with the Pollution Control Board in Gujarat. The then Chief Minister of Gujarat was Narendra Modi and my experience then was very good. At that time I was not seen as a political person but as an expert and he also implemented those policies. I am a professional and I am the one who does this for everyone. I have also worked with Khattar in Haryana. ''

Congress leader Rahul Gandhi has targeted the Modi government by tweeting about Commerce Minister Piyush Goyal's comment on Abhijeet Banerjee. Rahul tweeted and said, "Dear Abhijeet Banerjee, hatred has blinded these stubbornness. They have no idea what a professional is. You will keep trying for decades but will not understand this. It is certain that millions of Indians are proud of your work.

Talking to reporters at MIT after receiving the Nobel, Abhijit Banerjee had said that sticking to the fiscal deficit and inflationary balance will not slow the Indian economy. What does this mean after all?

In response to this question, Abhijeet told Hindustan Times, "I don't think it's any rocket science. I am saying this only on the basis of the evaluation of what is happening in the Indian economy. The sluggishness in India's economy is due to a decrease in demands. If we do not have money, we will not buy biscuits and the biscuit company will be closed. I think demand should increase. Meaning people have money to spend it. This is what the Obama government did in America. It has nothing to do with ideology. The sluggishness in India's economy is due to the decrease in demands. ''

Abhijeet Banerjee's book states that India is following such policies to achieve rapid growth rate, which is increasing the difficulties of the poor. what does it mean?

In response, Abhijeet Banerjee said, "This has happened in many countries. What happened in America and Britain? When the growth rate of these countries declined in the 1970s, it could never recover. They had no idea why this decline was there? Then it was said that more tax and more redistribution is responsible for it. These were later cut down. It was a Reagan and Thatcher-style economy. ''

Is India's economy growing in this direction?

In response, Abhijeet said, "No, I am saying that this is the natural reaction of governments in such a decline. We are saying that we should be warned that such policies did not help America and Britain. Rather, these policies have increased inequality. These policies give a boost to the economy which is trumping and which gives a breeze to Breguet. ''

So what needs to be done to get the Indian economy back on track?

In response, Abhijeet Banerjee told Hindustan Times, "I am not a macro economist. But if I were a policy maker, I would have collected data extensively. After this, if I reached the decision that this is a demand based problem, then I would have given enough money in the hands of the poor. This is something in which I fully believe. The Obama administration did the same thing. This is not a new thing.''

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