Thursday 7 July 2016

India must focus on growth, not worry about inflation: Joseph E Stiglitz

BENGALURU: Nobel laureate and Professor of Economics at Columbia University Joseph E Stiglitz on Wednesday suggested that Indian policymakers would do well to pay attention to growing India's economy rather than "getting overly obsessed about inflation."
Stiglitz insisted that excessive focus on taming inflation would hurt growth, and lead to higher unemployment levels, and lead to more inequality. An author of several path breaking papers on inequality, Stiglitz was in Bengaluru .

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