“The data that I have seen reinforces very strong concerns about the Indian economy,” says Stiglitz
,” Stiglitz told IndiaSpend over the span of a meeting. “I don’t know anyone who isn’t in the administration who isn’t stressed.” Governments tend to “smother information when it is on insecure grounds”, he included.
While India has had the option to profit by globalization, there is a view that is “not a phenomenal view but rather a horrendous one”, that in a directed market like India outside players “have a hindrance on the grounds that the insiders realize how to play the game”.
Stiglitz won the 2001 Nobel Prize in financial aspects for his investigations of business sectors with hilter kilter data. He was an individual from the Council of Economic Advisers in the US from 1993-95, during the Bill Clinton organization, and its administrator from 1995-97. Somewhere in the range of 1997 and 2000, he filled in as boss market analyst and senior VP of the World Bank.
Stiglitz has wrote numerous books on financial matters including People, Power, and Profits: Progressive Capitalism for an Age of Discontent; Globalization and Its Discontents Revisited: Anti-Globalization in the Era of Trump; and The Price of Inequality: How Today’s Divided Society Endangers Our Future. In 2011, he was among Time magazine’s 100 most compelling individuals on the planet. He is an educator in the branch of financial aspects at Columbia University and author and leader of the Initiative for Policy Dialog, a research organization on worldwide advancement based at the college.
Aditi Mehta 