'People will defy lockdown if they can't survive': Raghuram Rajan

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'People will defy lockdown if they can't survive': Raghuram Rajan

Apr 05, 2020 18:39 IST

In a blog post, former RBI governor and economist Raghuram Rajan has laid out the possible ways to face the huge economic crisis that India may be facing due to the lockdown. He wrote, economically speaking, India is faced with perhaps its greatest emergency since Independence. He added, it will be hard to lock down the country entirely for longer periods, so the govt should also be thinking of how it can restart activities in certain low-infection regions with precautions. Stressing on the need to pay immediate attention to the poor and non-salaried, Rajan said, direct transfers to households may reach most but not all, and India have already seen one such consequence the movement of migrant labour. Rajan said, people will defy the lockdown to get back to work if they cannot survive otherwise.

National