New Delhi, April 6 (TIWN) Former RBI Governor Raghuram Rajan has said that due to the coronavirus crisis, India currently faces the greatest economic emergency since its independence.

“Economically speaking, India is faced today with perhaps it’s greatest emergency since independence,” Rajan wrote. “While the immediate priority is of course to suppress the pandemic’s spread and improve preparedness, we should now plan for what happens after the lockdown.”

Rajan said that it will be hard to lockdown the country entirely for longer periods. As such, administrations need to start thinking about restarting certain activities in low infection regions with adequate precautions

“While only a handful of employers would be able to take the measures required when restarting work, they may be the largest employers,” he said. The administrative road map to enable manufacturers to activate their supply chains, will also need to be thought through now, Rajan added.