Raghuram Rajan Says India needs 65,000 crore to treat poor

April 30: The former RBI Governor Raghuram Rajan, said that India can presume a supreme role in shaping the economy after the COVID-19 crisis. In an interaction with Congress MP, Rahul Gandhi through video conferencing, Rajan said, crisis during coronavirus pandemic rarely have any positive results for any country. However, this will enable us to reconsider all aspects in the global economy.
There will have to be a reconsideration of everything in the global economy once we are out of this, If there is an opportunity for India, it is in shaping that dialogue and in being the leader in that dialogue, the former RBI chief said.

He also stated that going for a second or third lockdown to examine the spread of the virus will be devastating for the country’s economy. It may also decrease our credibility. Though, we don’t have to aim for 100 percent success which is highly impossible, we must at least manage the re-opening of certain sectors he added