Economist Raghuram rajan says we need 65000 crore to help our indian poor people
- 4 years ago
Economist Raghuram rajan says we need 65000 crore to help our indian poor people
.India needs to spend about ₹65,000 crore to take care of the vulnerable sections like the migrant workers.Our GDP is ₹200 lakh crores, and out of that ₹65,000 crore is not a huge amount. So, we can do it. If this is for the poor and to save their lives and livelihood, we must do it.Our capacities and resources are limited. Our fiscal resources are more limited than the West. What we need to do is to decide, how do we keep this economy together. When we reopen, is it sort of able to walk off the sick bed and not be dead at that point? Most immediately, keep people well and alive. Food is extremely important.The economist said India should now leverage its Direct Benefit Transfer (DBT) network to protect livelihoods, keep people alive and “keep them from going onto the street protesting or going out looking for work during lockdown. India could mould the international dialogue for a more multi-polar global order.
.India needs to spend about ₹65,000 crore to take care of the vulnerable sections like the migrant workers.Our GDP is ₹200 lakh crores, and out of that ₹65,000 crore is not a huge amount. So, we can do it. If this is for the poor and to save their lives and livelihood, we must do it.Our capacities and resources are limited. Our fiscal resources are more limited than the West. What we need to do is to decide, how do we keep this economy together. When we reopen, is it sort of able to walk off the sick bed and not be dead at that point? Most immediately, keep people well and alive. Food is extremely important.The economist said India should now leverage its Direct Benefit Transfer (DBT) network to protect livelihoods, keep people alive and “keep them from going onto the street protesting or going out looking for work during lockdown. India could mould the international dialogue for a more multi-polar global order.