• search
For Quick Alerts
For Daily Alerts

Amartya Sen stands 'humiliated and exposed': Economist Jagdish Bhagwati


New Delhi, Mar 17: Globally acclaimed economist Jagdish Bhagwati on Friday said demonetisation will promote growth while Amartya Sen and other experts who denounced it stand 'humiliated and exposed'.

Economist Amartya Sen

"On the effects of demonetisation on growth, I should say that I was the one economist who had argued, from first principles, that demonetisation would increase, not diminish, growth," he said.

"And that is exactly what appears to have happened," he added.

"The Prime Minister's success in Uttar Pradesh has therefore meant that Amartya Sen and his friends who argued that demonetisation would hurt growth, have been humiliated and exposed as much as the Congress," Bhagwati told PTI in an email interview.

He is a professor of Economics, Law, and International Relations at the Columbia University.

"After BJP's victory in Uttar Pradesh, indeed Prime Minister Narendra Modi is now in an even stronger position than when he was first elected resoundingly," Bhagwati said.

He also said that three things ought to be noted that made Prime Minister Modi's current position 'unassailable'.

"First, he has finally decimated the Gandhi-Nehru dynasty, so the Congress is not merely on the ropes; they also lack currently anyone of stature who can rescue it from oblivion," he said. Second, the Muslim vote no longer is a monolithic anti-BJP vote, Bhagwati said, adding, "I suppose that while BJP did not field Muslim candidates in the Uttar Pradesh election, surely Muslims were aware that the propaganda that Prime Minister Modi was anti-Muslim was an outrageous lie."


For Daily Alerts
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more