India needs to open economy in measured way: Raghuram Rajan

PTI | Updated: Apr 30, 2020, 12:08 IST

India needs to open up its economy in a measured way, create good quality jobs: Raghuram Rajan

Former RBI governor Raghuram Rajan (File photo)

NEW DELHI: India needs to be cleverer in lifting the 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, former Reserve Bank of India (RBI) governor Raghuram Rajan said on Thursday.
He was deliberating on the economic impact of the COVID-19 in a conversation with former Congress president Rahul Gandhi.

India needs Rs 65,000 crore to help poor during Covid-19 crisis, says Raghuram Rajan: Key points

Rajan also asserted that India cannot afford to be a divided house especially in times when "challenges are so big".
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The dialogue between Gandhi and Rajan was a first of its kind initiative that was broadcast on Congress' social media handles.
To Gandhi's question on how much money would be needed to help the poor in the current situation, the former RBI chief said India needs Rs 65,000 crore to help the poor in the times of pandemic and considering its total GDP (gross domestic product), it can afford to do that.
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