It’s time India sets up a National Infrastructure Bank
It could provide long-term funding, serve as a platform for attracting private capital, and bring innovative financing methods to help accelerate infrastructure development.
Until the covid pandemic hit, India aspired to become a $5 trillion economy by 2025. While this may still be a worthy goal to chase, the Indian economy will have to bear the brunt of the pandemic for some time. Even before the crisis hit, the government had prioritized the infrastructure sector as the key to its economic growth agenda. And now more than ever, infrastructure development will play a key role.