Govt cannot sit by announcing the relief package: Raghuram Rajan

New Delhi: The Modi government has announced a package of 20 lakh crores to boost the extreme economy due to the Corona epidemic and lockdown. This announcement of the government has been made for more than 20 days. How much relief people will get from this announcement of the government, it will tell the coming time, but Raghuram Rajan, former Governor of Reserve Bank of India (RBI), says that the government cannot sit after announcing the package.

Raghuram Rajan said that the government could not say that it had done its job. Rajan said that the government will have to see whether the needs of the people are being met. Raghuram Rajan said that mere announcement is not going to work. It has to be seen whether they are working. If not working then changes will have to be made to meet the needs. Talking to a news channel, Raghuram Rajan said that this recession is going to happen for the whole world. How long it will take to get out of this will be difficult to say.

Rajan said that today the figures in front of employment in America came. It was more than what people had expected. This means that when you open the industry, it will help you recover. Raghuram Rajan said that this year is going to be bad for India's economy. We should not think about growth right now. It is going to be negative. On how soon India's economy will get back on track, he said that it depends on how much the economy has been hurt.

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