Rs 65,000 cr package needed for poor, target is doable: Raghuram Rajan

Former RBI Governor responds to Rahul Gandhi's question, says GDP is Rs 200 trillion, and out of that 65,000 crore is not a huge amount

India would need a Rs 65,000-crore package to support its poorest during the Covid-19 pandemic and the resulting nationwide lockdown, which has robbed them of daily livelihoods, said former Reserve Bank of India governor Raghuram Rajan on Thursday.
 

“Approximately Rs 65,000 crore (is needed). Our GDP is Rs 200 trillion, and out of that Rs 65,000 crore is not a huge amount,” Rajan said in response to a question by Congress’ former president Rahul Gandhi on how much does India need to support its most economically deprived sections.
 

“So, we can do it. If this is for the poor and