By Our Representative
Nobel laureate economist Dr Abhijit Banerjee has said that the lockdown needs to be lifted, but only after all the factors have been studied, adding, there was a need to recognise that the economic crisis was massive and recovery was a long and ongoing process.
Talking with Congress leader Rahul Gandhi in a calm conversation, Banerjee said, cash in hand is at the core of restarting the economy. Money needs to be given out to people, and India needs a bigger stimulus package. He added, cash needs to be given to more people, not just those who are identified as the ‘poorest of the poor’.
Similarly, food security should be extended to all those who need it, Banerjee said, suggesting that the Public Distribution System should issue ‘temporary’ ration cards to anyone who wants them, and foodgrains be given out.
Nobel laureate economist Dr Abhijit Banerjee has said that the lockdown needs to be lifted, but only after all the factors have been studied, adding, there was a need to recognise that the economic crisis was massive and recovery was a long and ongoing process.
Talking with Congress leader Rahul Gandhi in a calm conversation, Banerjee said, cash in hand is at the core of restarting the economy. Money needs to be given out to people, and India needs a bigger stimulus package. He added, cash needs to be given to more people, not just those who are identified as the ‘poorest of the poor’.
Similarly, food security should be extended to all those who need it, Banerjee said, suggesting that the Public Distribution System should issue ‘temporary’ ration cards to anyone who wants them, and foodgrains be given out.
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