‘India facing greatest emergency since Independence’: Raghuram Rajan on coronavirus
APRIL 6, 2020 5:53:15 PM
Stating that spending on the needy is "the right thing to do as a humane nation," Rajan wrote, "Unlike the United States or Europe, which can spend 10% more of GDP without fear of a rating downgrade, we already entered this crisis with a huge fiscal deficit, and will have to spend yet more."
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