Demand Has Been Low Because Incomes Have Been Low: Abhijit Banerjee
"Demand has been very low partly because incomes have been low and partly because people have panicked; they're holding on to whatever savings they have because they're not sure how long this will last," says Abhijit Banerjee, winner of Nobel Prize 2019 on whether demand stimulus is the key to reviving our economy and for achieving the projected V-shaped bounce back.
