If there is one economist who has seen it and experienced it all, it is Dr C Rangarajan, former RBI Governor & former Chairman, Prime Minister Economic Advisory Council. Whether it was the monumental reforms of 1991 or the 2008 global financial crisis, he was at the forefront. He spoke on India’s present economic crisis during a conversation with Raghuvir Srinivasan, Editor, BusinessLine, at the BusinessLine Knowledge Series webinar on ‘Is India’s Economic Recovery Sustainable?’. Excerpts:
A lot of indicators point to a recovery. Is the ongoing economic recovery sustainable ?
First of all we need to understand the nature of the current problem. The economic crisis that we are facing is different from the economic crisis that we have faced earlier.
This is the first economic crisis which has been triggered by a non-economic factor — a pandemic. It is the attempt to prevent…
