Rs 65,000 crore will have to be spent to help the poor in India: Raghuram Rajan's reply to Rahul Gandhi

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New delhi date. 30 April 2020, Thursday

Former Reserve Bank of India governor and eminent economist Raghuram Rajan has suggested that economic activities be resumed soon after the lockdown and to protect the livelihoods of the people while coping with the Corona virus. During a video conferencing with former Congress president Rahul Gandhi, he said the country would have to provide financial assistance to the country's poor, laborers and farmers through direct transfers at a cost of Rs 65,000 crore.

It is necessary to help the poor

In response to a question from Rahul Gandhi, Rajan said, "It is in the best interest of the people to maintain social harmony and we should not risk being divided in this challenging time." Our economy is worth over Rs 200 lakh crore and we can use Rs 65,000 crore. At the same time, he suggested reviving the economy and taking steps to deal with Corona.

On the issue of corona screening in India, Raghuram Rajan said that an average of 150,000 people are being tested in the US every day and many experts are asking for 500,000 tests a day. In India we are doing 20-25 thousand tests every day so a lot of testing is needed in these circumstances.

Regarding the global economy, he doubted that there was any turmoil in the global economic system. "People who don't have jobs, those who do have jobs are worried about the future, the distribution of income is uneven, so proper distribution of opportunities is necessary," he said.

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