Spending proceeds of monetisation
Quick takes, analyses and macro-level views on all contemporary economic, financial and political events.
Amidst weak recovery and heightened global liquidity, it is welcome that monetisation of infrastructural assets is gaining speed here. Notice that the National Highways Authority of India (NHAI) is reportedly seeking to monetise 7,500 km of road projects for a staggering Rs 3 lakh crore by 2024-25. But it would be downright suboptimal to earmark the proceeds solely for building more road projects nationwide, especially if superior social and economic benefits are to be obtained by gainfully investing in, say, a rail track, an education scheme or a health project, so as to augment infrastructure across the board.