Michael Kramer has been awarded the Nobel Prize for Economics of 2019, along with Abhijit Banerjee of Indian origin and his wife Estair Dufalo.

Abhijeet Banerjee and his wife Duffalo are professors at the Massachusetts Institute of Technology in the United States.

At the MIT, Banerjee along with his wife was answering reporters' questions after the Nobel Honor was announced.

At the same time, when a journalist asked him questions about the Indian economy, he said that there is a very bad situation.

Banerjee said that people in India are cutting consumption due to scarcity and the way the decline is continuing, it seems that it cannot be controlled.

Banerjee and Dufalo are professors in the economics department of MIT. Both of them were married in 2015. Abhijeet Banerjee is also working on several research projects in India.

In response to a question on the Indian economy, Banerjee said, "I think the condition of the Indian economy is very bad." If we look at the data of NSS, then between 2014-15 and 2017-18, people of urban and rural India have cut their consumption drastically. This is the first time after years. This is the beginning of the crisis. ''

At the request of the journalist, Abhijeet Banerjee also answered questions in his native tongue Bangla. His wife Duflo is from France and Duflo also responded in French in addition to English.

Abhijeet Banerjee also spoke on the controversial change in data collection methods in India. Many people allege that the data that the Government of India shows of GDP growth and revenue deficit is not real data. Arvind Subramaniam, an economic advisor to the Modi government, has also made such allegations. Abhijeet Banerjee said that there are many doubts on the government's data.

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