In the wake of the global financial crisis, the country’s GDP growth rate is likely to drop to 6 per cent during the current fiscal, Amartya Sen, Professor, Harvard University and Nobel Laureate, said on Friday. This decline is “not very sharp,” he added.
Speaking at a function organised by Cornell University and Institute for Human Development, Sen added that it is still difficult to predict what the exact impact of the global slowdown on India would be. Sen said that India must define a clear role for itself and should refrain from unilateral functioning like the US action after the 9/11 attacks.
“We must ask ourselves what our role would be in the global economy,” he said, adding that India failed to gain substantially at the Doha round of WTO talks. Sen felt India should use the G20 platform to voice the concerns about the region.