Rahul Gandhi talks about economics with Nobel Prize winner Abhijit Banerjee: key points
NEW DELHI: leader of Congress Rahul Gandhi held a Nobel Prize regarding the economic consequences of COVID-19 as part of his series of discussions with experts in economics and health.
The Congress party had previously tweeted a 1.44-minute clip of the conversation. The first such dialogue was held last week when Gandhi discussed the coronavirus pandemic and its economic implications with former Reserve Bank of India (RBI) governor.
Here are the key points and suggestions of the Nobel Prize:
* Spending is the easiest way to revive the economy; will have a stimulating effect
* Put a moratorium on debt payments
* Address growing concerns about the MSME sector (Micro, Small and Medium Enterprise)
* It is also important to address rural concerns
* Needs measurements and stimuli faster for better reach
* Allow temporary ration cards for three months or more if necessary
* States should have options; they should be allowed to decide on closure
* We should try to be optimistic about the general economic revival in India after the shutdown
* You must know the path of the disease before making the decision to lift the blockade