Accordingly Reserve bank of India's former governor and renowned economist raghuram Rajan has stated that the country is facing the greatest Economic Emergency since Independence. In a new blog titled 'Perhaps India's Greatest Challenge in Recent Times', Rajan urged the Union government to start planning the measures that shall be taken after the novel corona virus is controlled. He also cautioned the government that people will break the lock down if they cannot survive. 

raghuram Rajan wrote, "Economically speaking, india is faced today with perhaps its greatest emergency since Independence." Explaining how this is different from the previous crisis and why this is the greatest crisis since Independence, he said, "The global financial crisis in 2008-09 was a massive demand shock, but our workers could still go to work, our firms were coming off years of strong growth, our financial system was largely sound, and our government finances were healthy. None of this is true today as we fight the coronavirus pandemic."

In his blog, Rajan urged the government to start taking necessary steps after controlling the Corona Virus. "We should now plan for what happens after the lockdown, if the virus is not defeated. It will be hard to lock down the country entirely for much longer periods, so we should also be thinking of how we can restart certain activities in certain low-infection regions with adequate precautions." In order to restart the economy, the former governor of bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>reserve bank of india suggested that healthy youth may be lodged with appropriate distancing in hostels near the work place. raghuram Rajan concluded his write-up by stating, "It is said that india reforms only in crisis. Hopefully, this otherwise unmitigated tragedy will help us see how weakened we have become as a society, and will focus our politics on the critical economic and healthcare reforms we sorely need."