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India's GDP contraction should alarm everyone, says Raghuram Rajan

In a note published on LinkedIn, he also opined that the 23.9 per cent contraction in the GDP during the Q1 would be "even worse if the damage to the informal sector is taken into account"

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Raghuram Rajan

Raghuram Rajan

A week after India reported a significant contraction in its GDP during the April-June quarter of 2020-21 fiscal, former Reserve Bank Governor and noted economist Raghuram Rajan has said that the negative GDP growth numbers should alarm everyone.

Emphasising on the importance of government relief or support in the given scenario, he pointed out that it is "meagre" so far.

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