COVID-19 Lockdown: Businesses Seek Govt Intervention to Survive

7.5 to 8 percent of the GDP in India is real estate. 15 percent of the labour force in India is in construction and real estate. There is Rs 6.9 lakh crores lying of the banks with the RBI in reverse. Instead of that coming to you and me and our companies and real estate and builders and promoters and shopkeepers, the money has gone back into the reserve bank. That needs to come down and we need to cut the reverse repo rate to 1 percent.

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