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LATEST NEWS UPDATES | A long haul, spend wisely, but don’t skimp on the truly needy -Amartya Sen , Abhijit Banerjee & Raghuram Rajan

A long haul, spend wisely, but don’t skimp on the truly needy -Amartya Sen , Abhijit Banerjee & Raghuram Rajan

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published Published on Apr 16, 2020   modified Modified on Apr 16, 2020

-The Indian Express

Amartya Sen, Raghuram Rajan, Abhijit Banerjee write: As it becomes clear that the lockdown will go on for quite a while, the biggest worry right now, by far, is that a huge number of people will be pushed into dire poverty or even starvation by the combination of the loss of their livelihoods and interruptions in the standard delivery mechanisms.

We in India worry a lot about the possible mis-steps that can happen in the implementation of large-scale transfers; the money (or the food ) may end up in the wrong hands, some intermediary may get rich at the expense of the taxpayer. In some ways, this is a welcome shift from the see-no-evil optimism that gave us government-run hotels and “luxury” river cruises. But in times like these, amidst the pandemic and the global economic crisis, with the nation in lockdown and with lives and livelihoods at stake, it is the wrong set of concerns.

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The Indian Express, 16 April, 2020, https://indianexpress.com/article/opinion/coronavirus-india-lockdown-economy-amartya-sen-raghuram-rajan-abhijit-banerjee-6364521/lite/?__twitter_impression=true


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