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Home » India » Second, Third lockdown is going to be devastating for India’s economy, says Raghuram Rajan in talks with Rahul Gandhi

Second, Third lockdown is going to be devastating for India’s economy, says Raghuram Rajan in talks with Rahul Gandhi

The dialogue with Rajan was first in the series that Gandhi plans to hold with public intellectuals.

By Newsd
Updated on :

The former governor of the Reserve Bank of India (RBI), Dr. Raghuram Rajan, in conversation with Rahul Gandhi said that if India has to go for a second or third lockdown to check the spread of coronavirus disease Covid-19, it will be devastating for the country’s economy.

“It’s very important to have as much information about the issue as possible. We have to start thinking about starting people’s livelihoods, and it has to be sequenced. The reopening is not just about the office, it is also about following social distancing on the way to and coming back from your workplace,” Dr. Rajan said while speaking to Congress leader Rahul Gandhi on a video dialogue.

“Second or third lockdown will be devastating. It does diminish our credibility. We don’t have to aim for 100 percent success – it is not possible too – we have to manage the reopening,” Dr. Rajan added.

The dialogue with Rajan was first in the series that Gandhi plans to hold with public intellectuals. It included a detailed discussion on the state of the economy and how to revive it in the midst of the coronavirus pandemic.

The dialogue was pre-recorded and disseminated by Congress on social media.

A slew of changes in the Congress party has recently been interpreted by many party leaders as a sign of Gandhi’s return to the presidency. Most recently, Congress interim chief Sonia Gandhi constituted an 11-member consultative group under former Prime Minister Manmohan Singh’s leadership to deliberate on matters related to the Covid-19 pandemic and to formulate the party’s views on them.

The group also includes Rahul Gandhi, Randeep Singh Surjewala, KC Venugopal, P Chidambaram, Manish Tewari, Jairam Ramesh, Praveen Chakravarty, Gaurav Vallabh, Supriya Shrinate and Rohan Gupta.

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