Follow us on FROM TOI PRINT EDITION Make it work: DFI is an idea whose time has returned. India urgently needs a big infra push March 18, 2021, 7:44 AM IST Times of India’s Edit Page team comprises senior journalists with wide-ranging interests who debate and opine on the news and issues of the day. Infrastructure development can be India’s highway to prosperity. Currently its inadequacy translates into a marked disadvantage for industry, raising costs and reducing competitiveness. Acting on a Budget proposal, this week the Union Cabinet approved a detailed proposal for setting up a new development financial institution (DFI) to deal with this challenge. The wheel has turned a full circle. India started off with DFIs, before they fell out of fashion and some of them such as ICICI morphed into commercial banks. In today’s context, going back to the DFI model is a good step.