Nobel laureate Duflo says cash transfer to poor makes sense economically as well

Mumbai, May 11 (PTI) Pitching for cash transfers to the poor for helping them deal with the impact of the COVID-19 crisis, Nobel laureate Esther Duflo on Monday said doing so is not just a moral necessity, but an economic one as well, as it can create demand which will benefit all.

Duflo, a professor of economics at MIT, who was recognised for her work along with husband Abhijit Banerjee, also asked businesses to lobby for such efforts by the government in their own interest.

It can be noted that a lot of analysts have been flagging […]

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