On paper it looks dire. After being pretty flat for four-five months, it (epidemic) has exploded in western Europe and in the US, returning in a rather scary form.
Chief Minister Mamata Banerjee had announced on September 24 the Rs 50,000 grant for each of the 36,946 community Durga Puja committees in the state in COVID-19 time.
The Nobel Laureate, however, said that the country will see a revival in growth in the July-September quarter of the current fiscal.
Getting some cash into the hands of the population is the best way to kick start the economy. The USA is very aggressively doing that, Abhijit Banerjee told Congress leader Rahul Gandhi.
Rahul was talking to Banerjee through video-conferencing on how to revive the Indian economy after the pandemic ends.
Banerjee said it was important for India to announce a large enough stimulus package to deal with the crisis on the lines of what the US, Japan and Europe are doing.
Sources in the state government said Abhijit Banerjee had spoken to the chief minister soon after the lockdown had started and expressed his desire to help.
CM Bhupesh Baghel, who is on a 10-day visit to the United States along with the state officials, congratulated Banerjee on winning the Nobel Prize.