India benefited from globalization

Abhijit Vinayak Banerjee on Sunday said India had been a beneficiary of globalization yet the nation expected to build up a mechanism to deal the related dangers. Talking for all intents and purposes at an occasion coordinated by Bandhan-Konnagar, a Bengal-based NGO, Banerjee said that risks related with globalization could be overseen if assets came in with globalization.

India has been a beneficiary of globalization. Fares have become quicker than most nations from the mid-1990s till today”, Banerjee said.

The Nobel laureate anyway added a globalized world method a ton of dangers. We can manage these dangers if assets are accompanying them, said Banerjee.

He said these risks are not really focused among the most poorest of poor people.

Banerjee, a former student of Kolkata’s Presidency College, said “There is a need to fabricate (measures for) relief. However, less consideration was paid towards relieving systems and was left generally to NGOs till the time programs like NREGA and different plans were created.”