Raghuram Rajan warns against giving communal color to coronavirus



[ad_1]

NEW DELHI: Warning people not to give community color to the coronavirus pandemic, former Reserve Bank Governor Raghuram Rajan has said that such behavior could exploit and make life very difficult for different communities.

Rajan’s comments come after allegations that Tabligh-e-Jamat members violated social distancing guidelines and ignored all instructions by organizing a mass meeting last month at their center in the Nizamuddin area of ​​Delhi.

The meeting is believed to have emerged as a super-propagator of coronavirus with thousands of cases across the country linked to members of Jamat.

So far, the coronavirus has infected about 19,000 people and has claimed more than 600 lives in the country.

“We see in India that there is an accusation that this was a Muslim plot. I mean, that kind of behavior can exploit and make it very difficult for their communities to gather within their country,” Rajan said as he spoke on the University’s virtual Harper. from Chicago. Lecture series.

Rajan, along with 11 others, has recently been appointed to an external IMF advisory group Kristalina Georgieva to provide global perspectives on key developments and policy issues, including responses to the exceptional challenges the world is now facing due to the coronavirus pandemic.

Rajan, 57, who ran the RBI for three years until September 2016, said nationalism was already strong enough before the virus was accentuated by the effects of COVID-19.

Citing an example, he said, “China points the finger at the United States and says it was an intelligence plot by the United States and the United States points the finger at China and says this was invented by China.”

Rajan, who currently works as a professor at the prestigious University of Chicago, said that no part of the world is immune to COVID-19.

“Everywhere in the world will be affected, (and) the global supply chain has been disrupted for some time. In the second quarter of calendar year 2020, we can see a 30-40 percent decrease in GDP,” he said. .

Despite the pickup in economic activities in the second half of 2020, global economic growth will continue to be negative for the year, he said.

“I see the (global) economic recovery underway in a year,” he said.



[ad_2]