Rajan said to Rahul, 65 thousand crores will have to be spent to help the poor

Posted on 30th Apr 2020 by rohit kumar

The lockdown has been in force in the country for almost a month due to the Corona virus crisis. Everything is closed in the country, factories are locked, people are inside homes. This has had an impact on our economy and the pace of GDP has stopped. Congress leader Rahul Gandhi on Thursday spoke to former Governor of Reserve Bank of India Raghuram Rajan about these challenges facing the economy. In the discussion, the former RBI governor said that it is necessary to help the poor at this time. For which the government will spend about 65 thousand crores.

Raghuram said that India can play a big role on the global stage. India can make its place in the new world order. Powerless people like powerful leaders. We cannot reach anywhere with a divided society. He said that today we need to make good arrangements for health, jobs. Regarding the economy at the global level, he said that I think something is wrong with the global economic system. People do not have jobs. There is an uneven distribution of income. One policy is not right for UP-Tamil Nadu: Rahul

During the conversation, Rahul said that the system of Indian society is different from American society. For which social changes are necessary. Each state has its own different method. Tamil Nadu and Uttar Pradesh cannot be viewed from the same perspective. The inequality that exists today is a matter of concern.

 

The challenge is for lower middle class and middle class: Raghuram

Raghuram Rajan said that we have a way to improve people's lives. Many states have done good work on food, health, education. However, the biggest challenge is for the lower middle class and middle class who will not have a job. Today, there is a need to create new opportunities for people by not just relying on government jobs. Regarding the challenges facing the economy, Raghuram Rajan said that we have to take steps towards opening the economy as soon as possible because we do not have the system like other countries. The figures are worrying. CMIE says that 100 million people will exit the workforce. We have to take big steps.

 

65 crores will be spent to help the poor

During the conversation, Rahul asked Raghuram how much money it would take to help the poor. In response to which he said that about 65 thousand crores. Our GDP is two lakh crores. It is not much. We can do this.

How to open the economy

Rahul Gandhi asked how to open the economy amid the ongoing lockdown in the country? On this Rajan said that the implementation of the second lockdown means that you could not make any correct preparations for opening. There is a question in people's minds that the third lockdown will also come. If we think that it will be opened when there is zero case then it is impossible.

 

How to deal with the challenges of the economy

The Congress leader asked that there was a lot of concern about the economy. What is your opinion on how to deal with these challenges, then the former RBI governor said that along with the fight against Corona, we have to think about the employment of common people. For this it is necessary to secure the work area.

 

More tests will have to be done to open the economy

Rahul asked that there are many questions about the corona test in the country. We are having fewer trials than other countries. To which Rajan said that if we want to open the economy, then we have to increase our testing capacity. We have to take any one thousand samples and test it. Today America is testing millions while we are between 20-30 thousand.

 

India has a chance

Rahul asked if India could benefit from such a situation. What should India do when the Corona crisis ends. In response, Raghuram said that very few such incidents have a good effect on anyone. India has a chance to take its industries to the world and talk to the people.