Hand out temporary ration cards to feed the poor: Abhijit Banerjee

According to the nobel laureate, spending is the easiest way to revive the economy as MSME sector will get back to its position which will have subsequent chain reaction

Nobel laureate and economist Abhijit Banerjee on Tuesday said the national lockdown has indeed created a havoc on the economic front and that the government is not clear how much it is willing to spend on a stimulus package as 1 per cent of GDP is not enough to lift the situation.

"A lot of us have been saying that we need a stimulus package. That’s what the US is doing, Japan is doing, Europe is doing. We really haven’t decided on a large enough stimulus package. We are still talking about 1% of GDP. United States has gone