Joseph E Stiglitz

Conglomerates being considered for new banking licences in India should be asked to have systemic controls to safeguard against any contagion impact of problems in their other businesses, eminent banker Uday Kotak has said.

Nobel laureate and noted economist Joseph E Stiglitz today said that India has the ability to grow at a faster rate, but it needs to focus on solving issues related to infrastructure, inequality, education and agriculture.

Stating the gross domestic product (GDP) is not an adequate measure of human well being and progress, Nobel Laureate and professor of Economics Joseph E Stiglitz today said there is a need to develop alternative and more comprehensive measures to gauge progress.

Conglomerates being considered for new banking licences in India should be asked to have systemic controls to safeguard against any contagion impact of problems in their other businesses, eminent banker Uday Kotak has said.

Nobel laureate and noted economist Joseph E Stiglitz today said that India has the ability to grow at a faster rate, but it needs to focus on solving issues related to infrastructure, inequality, education and agriculture.

Stating the gross domestic product (GDP) is not an adequate measure of human well being and progress, Nobel Laureate and professor of Economics Joseph E Stiglitz today said there is a need to develop alternative and more comprehensive measures to gauge progress.