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Lockdown decimated economy, says Rajiv Bajaj

Rahul Gandhi Rajiv Bajaj city New Delhi India economy Government infection Coronavirus
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NEW DELHI : Bajaj Auto Ltd managing director Rajiv Bajaj on Thursday termed India’s two-month lockdown a “draconian" measure that decimated its economy, adding only a tenth of the government’s rescue measures for individuals and businesses was direct support.

Bajaj said the harsh yet porous stay-at-home curbs “flattened the wrong curve" of GDP instead of coronavirus infections. The industrialist’s comments were part of a conversation with former Congress president Rahul Gandhi, which was streamed online.

Bajaj’s comments are significant as they come amid a broad sentiment in the industry that the stimulus measures should have been more direct rather than relying on bank credit.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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Czech Republic

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