Raghuram Rajan suggests spending ₹65,000 crore for the poor
Part of: GS Prelims and GS-III – Economy
- In a recent online conversation with a political leader, former RBI Governor Raghuram Rajan has suggested ways to revive Indian economy in measured manner.
- He cautioned not to have a divided house in challenging times.
- He also estimated that India needs to spend about ₹65,000 crore to take care of the vulnerable sections like the migrant workers.
- He also emphasized that the economy needs to be opened up in a sequential way in working out a balance in fighting the virus and facing the consequences of the economy.
- He also suggested that India should leverage its Direct Benefit Transfer (DBT) network to protect livelihoods, keep people alive.