India will have to invest heavily in infrastructure for economy to recover: UN expert
United Nations, May 13 -- India will have to invest heavily in infrastructure in order to recover from the economic havoc brought on by the coronavirus pandemic, even if that means going in for deficit financing, according to a UN expert.
"A crisis often presents an opportunity" and making the right investments can have a multiplier effect in steering the economies to a recovery, while also making a monumental difference in people's life," Hamid Rashid, the head of the UN Development Research Branch, said on Wednesday in an exclusive interview to IANS TV.
"We may feel a little despondent right now in terms of what is happening in India, but there's a silver lining in our view as well," he said, citing the possibilities for public sector...
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