‘India Rejected Abhijit Banerjee’s Ideas on NYAY’: Piyush Goyal

While addressing media at an event in Maharashtra’s Pune, Union Minister Piyush Goyal said that India has rejected the ideas of Nobel Prize winning economist Abhijit Banerjee.

The commerce minister was alluding to the ‘NYAY’ scheme which was conceptualised by Banerjee for the Congress party ahead of the 2019 Lok Sabha elections.

“Abhijit Banerjee has won the Nobel prize. I congratulate him for that. But we all know about him and his ideology. He is left leaning, He hailed the NYAY scheme but people of India rejected his ideas,” Goyal said. 

Banerjee in the past has been critical of key economic moves of the Modi government including demonetisation and was among the 108 economists and social scientists who signed a letter addressed to the Indian government against tinkering with the baseline year for calculating the GDP and projecting inflated growth figures.

Earlier Prime Minister Modi and various other BJP leaders had congratulated Abhijit Banerjee on winning the Nobel prize.

Abhijit Banerjee won the 2019 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, along with Esther Duflo and Michael Kremer.

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