Dr Raghuram Rajan, Former Governor, Reserve Bank of India (RBI), in an interaction with Congress leader Rahul Gandhi through a live video chat on April 30, said that India needs Rs 65,000 crore to help the poor, who have been hit by the COVID-19 outbreak. Rajan’s reply came after Gandhi asked him the question, “How much money will be required to help the poor?”
The video was first among the series of video chats Congress plans to have between Rahul Gandhi and intellectuals from different sectors regarding the issues related to COIVID-19 crisis. In the 30 minute conversation with Rajan, Gandhi discussed several issues that have affected economy of the country amid coronavirus crisis and lockdown.
Rajan said, “As we try to bend the curve of infections and prevent hospitals and medical facilities from being overwhelmed, we have to start thinking about restarting people’s livelihoods. It’s all too easy to have lockdown forever but that’s unsustainable for the economy.”
He added, “We need to be cleverer in lifting the lockdown. We need to open up in a measured way as India does not have capacity to feed people for long.” Rajan also said that India’s testing rate is nowhere close to the US, and suggested that the country’s testing needs to go up.
You can watch the entire interaction between Dr Raghuram Rajan and Congress leader Rahul Gandhi here: