as right out of the gate, that needed to be that the country needed to be put on a war kind of, get you need to be putting sacrifices for your country. that the thing got framed us lives versus livelihood, was really unfortunate. because it s not true. if you ve got people dying in your community, people are going to be going to restaurants. it doesn t matter where you, are even south dakota, arizona, when the numbers go up, the economic activity goes. down there is something, the best natural experience is a northern country. because you have denmark and norway in sweden. and denmark and norway did a full on social distancing, sweden let the virus, or and there s been a postmortem on this. five times the deaths in sweden, than the other. to the rate of death. and greater economic costs. so it isn t either. or you are aggressively contain the, thing and you get more of your economy. so it was that way that it was,
Former RBI Governor C Rangarajan said India indeed needs a faster rate of growth to make up for the loss of output in the previous two years from the trend rate.
India becoming a $5-trillion economy by 2025 is impossible under the current circumstance and the country needs to grow at 9 per cent per annum for the next five years in order to achieve that, former Reserve Bank Governor C Rangarajan said on Friday.
India indeed needs a faster rate of growth to make up for the loss of output in the previous two years from the trend rate and must lay the foundation for faster growth in this year itself.