A prolonged lockdown may possibly push millions of Indians into the "margins of subsistence", former RBI Governor Duvvuri Subbarao said on Sunday while expecting a 'V' curved recovery once the COVID-19 crisis ends and the turnaround in India to be faster than some economies.

He was participating in a webinar on 'History repeats but differently – Lessons for the post Corona World', organised by the Manthan Foundation, in which former deputy governor of RBI, Usha Thorat took part.