The economy is still in a COVID-induced coma and the RBI governor had a prescription of infrastructure spending. Speaking to industry leaders at a CII event, Shaktikanta Das called for both private and public investment in infrastructure to reignite the growth engines. The governor, however, did admit that bad loans in infra are at elevated levels and spoke about diversifying the financing options.
But the thrust of his speech was clear - infrastructure is the way out of the current mess. To analyse the governor's speech, Latha Venkatesh spoke to VD Mhaiskar, CMD of IRB Infra, SC Garg, former economic affairs secretary, Pronab Sen, former chief statistician and Vinayak Chatterjee, Chairman of Feedback Infra.