65,000 Crores To Support Poor Says Raghuram Rajan To Rahul Gandhi on

About 65,000 crores of Rs would be required to support India's poor hit hard by the national coronavirus lockout, renowned economist Raghuram Rajan told Rahul Gandhi in a Congress-released video interview.

Updated: Apr 30, 2020 12:30 IST

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Hari Aditya

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Dr. Raghuram Rajan in conversation with Mr. Rahul Gandhi

About 65,000 crores of Rs would be required to support India's poor hit hard by the national coronavirus lockout, renowned economist Raghuram Rajan told Rahul Gandhi in a Congress-released video interview. Speaking about the effect of the coronavirus pandemic on the economy, the former RBI leader also said a sustained lockout would not be feasible for the country.

This is the first in a sequence of Congress MP video-dialogs with academics on charting a route to recovery after the pandemic. The step is seen as an effort to give Rahul Gandhi-frequently derided by the BJP as someone who can "take tuitions" from experts such as Manmohan Singh and P Chidambaram-a greater profile in the offensive of the key opposition party against the policies of the government. Mr Rajan, currently a professor at the University of Chicago, was appointed by the Congress-led government as governor of the RBI or Reserve Bank of India in 2013 for a three-year period.