Coronavirus India’s ‘Greatest Emergency’ Since Independence, Says Raghuram Rajan

in hive-116221 •  5 years ago 

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He is right, well I am no one to comment on him being right or wrong but the economic fallout from this will be disastrous. I think in India, may be people are not that scared. When blasts happen in Mumbai, workers head to work in packed trains the very next day. I personally, cannot even think of how many disruptions will happen. Sure getting back to the GDP levels will take 3 or 4 years. We have wiped out 3 weeks, or 4% to 6% of gdp. to get that back will take at least 2 years and iwth a global slowdown, more. Also, 3 weeks lockdown cannot be taken for granted.



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Things becoming more serious now