India must prepare for fighting coronavirus and economic slowdown: Rahul

Gandhi also attacked Prime Minister Narendra Modi over the economic situation in the country, saying the PM should get his head "out of the sand" to deal with the problem facing the country.

Rahul Gandhi
Rahul Gandhi urged the government to prepare according to India's strengths and claimed that if steps were not taken, there will be economic devastation.
Press Trust of India New Delhi
3 min read Last Updated : Mar 17 2020 | 6:04 PM IST

Asserting that an "economic tsunami" was coming, Congress leader Rahul Gandhi on Tuesday said India should be preparing itself not just to fight the coronavirus but also for the economic devastation that would affect crores of people.

Gandhi also attacked Prime Minister Narendra Modi over the economic situation in the country, saying the PM should get his head "out of the sand" to deal with the problem facing the country.

"Indian economy will be devastated. It is like a tsunami is coming," the former Congress president told reporters outside Parliament.

Narrating an incident to highlight the gravity of the economic situation, he said that before the tsunami came, water receded off the Andaman and Nicobar Islands and when fishermen went to sea, the tsunami struck.

"So the water is going to come. I have been warning the government that a massive (economic) tsunami is coming and they are fooling about, they are not clear about what to do. India should be preparing itself not just for COVID-19 virus but for the economic devastation that is coming," he said.

"I am saying it again and again, nobody is listening to me. I am sorry to say, our people are going to go through unimaginable pain in the next six months," he said.

An "economic tsunami" is coming and there is going to be an economic shock which will affect crores, he said.

Asked about Moody's Investors Service lowering India's GDP growth forecast for 2020 calendar year to 5.3 per cent, on coronavirus implications on the economy, Gandhi alleged that it was Prime Minister Modi's mindset to be rated by some outsiders.

"I am not bothered about what the outsiders are saying, I understand what our strengths are. These (government) people do not believe in our strengths. These people want to be rated by Moody's, by Standard & Poor's, to be rated by Mr (Donald) Trump. I don't give a damn about that rating," he said.

He urged the government to prepare according to India's strengths and claimed that if steps were not taken, there will be economic devastation.

"I am trying to tell the prime minister 'get your head out of the sand. Your head is right now in the sand, pull it out, look around what is going on'. Don't be scared, remove the fear you have carried all your life because India needs you to do that," Gandhi said.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :CoronavirusEconomic slowdownIndian Economy

First Published: Mar 17 2020 | 4:22 PM IST

Next Story