Nobel laureate Abhijit Banerjee has said that India should take a cue from the United States and put more money into the hands of people to revive demand in the wake of the coronavirus pandemic and the subsequent nationwide lockdown.
Benerjee was in conversation with Congress leader Rahul Gandhi over video conferencing. The interaction was hosted over Periscope and Gandhi posted it on his Twitter account on Tuesday morning.
Here are the highlights from the Gandhi-Banerjee interaction:
Banerjee shared the 2019 Nobel Prize in Economics with his wife Esther Duflo and Michael Kremer "for their experimental approach to alleviating global poverty".
This is a second interaction of its kind that Gandhi has hosted with an eminent economist on the topic of India’s response to the coronavirus pandemic. Last week, he was in conversation with former Reserve Bank of India chief Raghuram Rajan, who advocated for a Rs 65,000 crore package for the poor.
India remains under lockdown until May 17. More than 46,000 people have been infected in the country and 1,568 deaths have been reported so far.
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