INDIA, Jan. 28 -- Nobel laureate and economist Abhijit Banerjee on Monday said the country could be passing through a phase of recession, and there is "nothing in the data" that suggests otherwise.Abhijit Banerjee, during an address at the Kolkata Literary Meet, also said the priority of the government should be on refinancing the banking sector, which is in "doldrums"."What I can say is that we could be in a recession. But, I don't know by how much. There is nothing in the data that suggests we could not be in a recession," the author of 'Good Economics for Hard Times' said.Imposition of wealth tax and more redistribution are needed He also advocated imposition of wealth tax and more redistribution. "Given the current state of inequality i...