Raghuram Rajan

Rahul Gandhi in conversation with Dr. Raghuram Rajan

A welcome initiative from Rahul Gandhi

Rahul Gandhi’s conversation with Raghuram Rajan is interesting as well as informative. The initiative too is good at the time when our leaders rarely believe in conversations and mostly like to be ‘interviewed’, good to see a political figure speaking to an economist who also happen to be the former Governor of RBI. This conversation gave us lots of ideas and how government can handle the massive impending economic crisis once the lock down is unlocked. Millions of unorganised sector workers have returned home without any social security. The charities of governments as well as organisation will not be able to feed them for ever and at certain point of time, they will have to find a job for their survival. Charities are important during emergencies but you can’t keep a country in emergency for too long when economy is already in shambles and need strong measures for revival. An important point made by Dr Raghuram Rajan was that we need Rs 65,000 crore to help the poor immediately to protect them from further marginalisation. Rahul Gandhi has been speaking about these issues for long and I think the issue of minimum income for all during the last election was part of his conversations with other economists. It also gives us an idea about the enormity of the issue and where the government is failing so far for its inability to respond to the people’s need. Question is not about money as India can definitely afford much bigger amount to push economy going but whether there is a will for doing so or not. Both Rahul Gandhi and Raghuram Rajan wanted that the government do more and more testing to ensure that things are in control as far as Covid 19 are concern but it is important for the government to strengthen India’s federal structure. Before becoming the prime minister, Narendra Modi has been speaking about the more power to the states and that centre must allow state to flourish but now he seems to be enjoying the concentration of power at his hands. Sadly, the forces who should have…