Raghuram Rajan: Let's not wait for zero cases. Lift the lockdown soon
Mumbai: Former RBI governor Raghuram Rajan has said a long-drawn lockdown would not be sustainable for India and advocated restarting the economy at the earliest. In a pre-recorded video interaction with Congress leader Rahul Gandhi that was streamed across all social media platforms of the Congress party, the economist warned that in fact cyclical shutdowns can be devastating. We should not target 100 per cent success and wait for zero new cases before fully opening the economy.” Rajan, who now teaches at the University of Chicago Booth School of Business, told the Wayanad MP that India must not confuse its priorities with those of the West, because, unlike the Western countries, it does not have the financial resources to keep itself under lockdown for a long time. Social harmony a public good Rajan was characteristically diplomatic during this online conversation with Rahul Gandhi, but he did indirectly raise the point of maintaining social harmony during such a crisis period. One-of-its-kind interaction Raghuram Rajan’s convo with Rahul Gandhi is unusual for the Indian political scene as rarely are politicians seen holding a conversation with public intellectuals.
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