Progress made but economic inequality remains: Krugman on India

Progress made but economic inequality remains: Krugman on India

Published
Hot News Text
1 min read
New Delhi: Nobel Prize winning economist Paul Krugman addresses during News18 Rising India Summit in New Delhi on March 17, 2018. (Photo: IANS)
New Delhi, March 17 (IANS) Nobel Laureate Paul Krugman on Saturday said India has made rapid progress on the economic front but economic inequality in the country remains an issue.
Krugman said India though has become a much "better place to do business" than it was earlier.
"India achieved as much economic progress in the (last) 30 years as the Great Britain did in 150 years. It is a very rapid space of transformation....why does there still seem to be visible poverty in India?
"One problem is high degree of economic inequality," he said at the News 18 Rising India Summit.
He also said India has made "enormous strides" in economic progress but the wealth has "not been evenly distributed".
He also touched upon the problem of corruption that the country has been facing.
"There are issues of corruption. You can't become Denmark with Chinese levels of corruption," he said.
--IANS
bdc/in

(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)

(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)

(The Quint is available on Telegram. For handpicked stories every day, subscribe to us on Telegram)

We'll get through this! Meanwhile, here's all you need to know about the Coronavirus outbreak to keep yourself safe, informed, and updated.

Liked this story? We'll send you more. Subscribe to The Quint's newsletter and get selected stories delivered to your inbox every day. Click to get started.

The Quint is available on Telegram & WhatsApp too, click to join.

Stay Updated

Subscribe To Our Daily Newsletter And Get News Delivered Straight To Your Inbox.

Join over 120,000 subscribers!