India needs a bigger stimulus package and money should be put in the hands of people in the form of cash grants to create demand even if some part of it is siphoned off, Nobel Laureate Abhijit Banerjee said in a video interaction with Congress leader Rahul Gandhi. Banerjee said state governments should be co-opted along with NGOs to get this money to the people who really need it. Banerjee said in the interaction that cash transfers must go beyond the poorest of the poor.
Economist and former RBI Governor, Raghuram Rajan had a similar interaction with Gandhi last week.
Gandhi