Gita Gopinath, International Monetary Fund’s chief economist, was the guest at ThePrint’s digital ‘Off the Cuff’. Gopinath, who pursued her initial studies in India, said that the Indian government needs to spend more to provide support to the different sectors of the economy while praising the government’s decision to go in for an early lockdown. She pointed out that global growth estimates have been the most pessimistic since the great depression and added that China’s economy should see a faster recovery compared to other countries.
She said that these are highly uncertain times and making any kind of projections are difficult. Gopinath added that the impact of the global financial crisis of 2008 pales in comparison to the great lockdown that the world is witnessing at present.