‘Invite experts to deal with economic aftermath’

‘Invite experts to deal with economic aftermath’

‘Invite experts to deal with economic aftermath’

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New Delhi, Apr 6:

Former RBI governor Raghuram Rajan has suggested to the government to 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.

He also cautioned that driving everything from the Prime Minister’s Office, with the same overworked people, may not be of much help. “The 21-day lockdown is a first step, which buys India time to improve its preparedness. The government is drawing on our courageous medical personnel and looking to all possible resources — public, private, defence, retired — for the fight, but it has to ramp up the pace manifold,” he said, adding that the country will have to significantly increase the number of COVID-19 tests to reduce the fog of uncertainty as regards where the hotspots are.

Noting that “Direct transfers to households may reach most but not all, as a number of commentators have pointed out, and the quantum of transfers seems inadequate to see a household through a month.”

He concluded his blog by saying it is said that India reforms only in crisis.

Ranjini Trinitymirror

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