NEW DELHI -- Incidents such as the crackdown on the Jawaharlal Nehru University students who expressed dissent, and "the difficulties for NGOs to operate in India," shows the country in a bad light, Nobel Prize-winning economist Joseph Stiglitz said while giving a lecture on Global Inequality: Causes and Consequences.
Stiglitz said that JNU student leader Kanhaiya Kumar's arrest had gone down badly abroad, and India was at the risk of being clubbed with authoritarian regimes such as Russia, Egypt and Turkey, which could be a turn off for investors, Livemint reported.
“There is a spotlight on what is going on in India and when there is that kind of closing down action in any university, it puts you in a small group of countries... Turkey is the other country that is in the small group," he said, the newspaper reported.
"And most of those countries are authoritarian in nature and one should know that that kind of thing can have very negative effects on foreign investors,” he said.
If the international community had formed the wrong impression of India then the Modi government needed to do a "better job of explaining" itself to the outside world. “If those (judgments) are wrong, India should do better job of explaining it,” he said.
Stiglitz also said that presumptive Republican presidential nominee Donald Trump ‘is certainly a very big risk for the global economy," Press Trust of India reported.
“I certainly think he is a very big risk for the global economy. I think the damage he has done already by raising the spectre…represents a force of instability in global financial and trade system,” he said.
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