India benefitted from globalization

Abhijit Vinayak Banerjee on Sunday said India had been a beneficiary of globalization but the country needed to develop a mechanism to deal with the associated risks. Speaking virtually at an event organised by Bandhan- Konnagar, a Bengal-based NGO, Banerjee said that risks associated with globalization could be managed if resources came in with globalisation.
India has been a beneficiary of globalization. Exports have grown faster than most countries from the early 1990s till today", B, Banerjee said.The Nobel laureate however added a globalised world means a lot of risks. We can deal with these risks if resources are coming with them, said Banerjee.He said these risks are not necessarily concentrated among the poorest of the poor.