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‘India Needs Structural Reforms for Growth to Make a Strong Comeback’
Devashish Mitra is a professor of economics and the Gerald B. and Daphna Cramer Professor of Global Affairs in the Maxwell School.
Reviving the economy of India is not possible without restarting production, Mitra writes in an op-ed for The Economic Times. There needs to be a phased exit from the lockdown through extensive testing that identifies people who can go back to work with the confidence that they won’t contract the disease from others. “For these reasons, people like Amartya Lahiri and Urjit Patel have argued in favour of ‘ubiquitous testing’ in India, attaching an estimated non-trivial price tag of 2.5% of GDP, but, at the same time, expecting huge positive growth effects relative to the alternative of very little testing.”
To read his full commentary, visit The Economic Times.
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