Nobel laureate Abhijit Banerjee met Prime Minister Narendra Modi on Tuesday.
Banerjee has criticized the current economic slowdown by calling it to be on shaky grounds. Striking a note of caution on recent moves of government such as corporate tax cut, he said, "I think Mr. Modi has more faith in the corporate sector than I do. The recent tax cuts show that someone in the administration believes that you have to give the corporate sector lots of money to get growth. I do not believe that."
Banerjee's criticism of the economic slowdown was not well received by the ruling party. Union Minister of Commerce Piyush Goyal dubbed Banerjee's thinking 'totally left-leaning' and said that the country had rejected his thinking, referring to his association with Congress' Lok Sabha manifesto highlight scheme 'NYAY'.