India needs to be cleverer in lifting lockdown: Raghuram Rajan

AIR News
New Delhi: Former Governor of Reserve Bank of India Raghuram Rajan today said that India needs to be cleverer in lifting lockdown and open up its economy in a measured way soon, as it does not have the capacity to support people across the spectrum for too long.

He was deliberating on the economic impact of the COVID-19 in a conversation with Congress leader Rahul Gandhi.

On how much money would be needed to help the poor in the current situation, the former RBI chief said, India needs 65,000 crore rupees to help the poor and it can afford to do that considering its total GDP.

Mr Rajan also asserted that India cannot afford to be a divided house especially in times when challenges are so big.

The dialogue between Mr Gandhi and Mr Rajan was broadcast on social media handles of Congress.

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