According to the Economist Intelligence Unit, annual real GDP growth dropped to a six-year low of 5 per cent in the second quarter and data from the third quarter show 'little sign of improvement'.
NABE Vice President Kevin Swift said more than 90 percent of the 251 economists surveyed said the tariffs and threats of tariffs had "unfavorable consequential impacts."
Prasad, a professor of trade policy at the prestigious Cornell University, said there were no major measures in the budget that could stimulate private investment.
The letter is signed by 60 economists, including Jean Dreze, Jayati Ghosh, Kirit Parikh and Sukhadeo Thorat.
To implement UBI, the government will have to cut many subsidies. How do we ensure that there is no DeMo repeat?