would be devastating for economic activity and diminish credibility.
"Take even a second lockdown.
Which means you haven’t been completely successful in reopening. That raises questions that if you re-open, will you go into a third lockdown?
So, it does diminish credibility," replied Rajan to a question asked by Gandhi.
Rajan said it was impossible to have zero cases and keep infection in check. Batting for more tests to be conducted, he said India needed 2 million tests daily to get to the level of confidence the US had. "Clearly, with 25,000-30,000 tests a day, we are nowhere near that," he said.
Rajan also raised his concern over rising unemployment numbers. According to data from the Centre for Monitoring Indian Economy
(CMIE), virtually 100 million more people have been put out of work due to the Covid-19 pandemic. He added that the economy needed to reopen in a measured way but as fast as possible so that people again start having jobs.
On governance, Rahul Gandhi
said the Indian method was always about trying to control. But coronavirus
could not be controlled; it needed to be managed, he asserted. "The level of inequality that you see in India, you simply cannot see in the United States."