India’s new DFI will help achieve big development targets
The success of any institution depends on its structure and functioning. To that end, a sound system of governance and professional management could work in favour of our new DFI.
The DFI is also expected to develop an active market for development bonds and generate investor interest. If it all works out well, infrastructure creation will get a big boost.
There has been a growing discussion about the need to create a mechanism for the financing of India’s development aspirations. This is because a bulk of the development projects that the government has planned are long-term in nature, which makes managing the asset-liability balance critical.