Former RBI governor Raghuram Rajan has suggested the government call people with proven expertise and capabilities, including from opposition parties, to deal with perhaps the greatest emergency being faced by the country since Independence following the coronavirus outbreak.
Former Reserve Bank of India (RBI) governor Raghuram Rajan has urged the Narendra Modi administration to prioritize spending on the poor and warned that bad loans could rise due to the coronavirus pandemic, calling it the nation’s “greatest emergency perhaps since Independence".
Former Reserve Bank of India governor Raghuram Rajan sees the economic fallout of the coronavirus pandemic as the “greatest emergency” India has faced since independence.
Chirantan Chatterjee, ICICI Bank Chair Professor at IIM-Ahmedabad (IIM-A) is the chairperson of the Centre for Management of Healthcare Services (CMHS) at IIM-A, and is a visiting fellow at Hoover Institution, Stanford University.
While countries across the globe have resorted to lockdowns to curb the spread of the deadly coronavirus in the absence of a cure, prominent names in India believe the measure may not be successful in the country. These names include well-known economist and former RBI governor Raghuram Rajan and leading businessman Rajiv Bajaj, the managing director of Bajaj Auto.
Raghuram Rajan said that the infrastructure in this country is a hindrance to the government's fight against the coronavirus, adding that all resources must be focused on tackling the pandemic.
India’s three-week-long lockdown, the world’s biggest, to combat the Covid-19 pandemic may not necessarily contain the spread of infection, according to Raghuram Rajan.
Hoover Institution fellow Raghuram Rajan discusses what India needs to do to combat the coronavirus crisis as the country locks down its population of 1.3 billion people.
