Business Indian economy in 'tailspin' warns Nobel laureate Abhijit Banerjee Updated : October 15, 2019 08:29 AM IST The fall in consumption was a warning sign for India, he said while answering a question about the state of the Indian economy. Banerjee was one of the advisers to the Congress Party in this year's elections. Banerjee is at least the tenth person of Indian origin or citizenship to win a Nobel prize. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.