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India will have to invest heavily in infrastructure for economy to recover: UN expert

India will have to invest heavily in infrastructure for economy to recover: UN expert
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India will have to invest heavily in infrastructure for economy to recover: UN expert. Image Source: IANS News
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. ....

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India should prioritise digital, health investments to recover from economic havoc: UN expert

India should prioritise digital, health investments to recover from economic havoc: UN expert
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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 ....

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India will have to invest heavily in infra for economic recovery: UN expert

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 investing in vital areas and the signs of progress in containing the pandemic. ....

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Investment in Infrastructure will Safeguard Indian Crisis

Investment in Infrastructure will Safeguard Indian Crisis
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UN forecasts India's economy to grow 7.5% in 2021, but warns situation 'fragile'

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The UN forecasts India s economy to grow by 7.5 per cent this calendar year and rebound to 10.5 per cent next year with the caveat that the outlook is highly fragile because of the brutal Covid-19 second wave.

The mid-year World Economic Situation and Prospects report released on Tuesday said that for a global recovery universal access to Covid-19 vaccine is critical but in India access to vaccines is unequal and insufficient to meet the massive demand .

It noted that while India has been particularly affected by a brutal second wave, which is overwhelming the public health system in large parts of the country , the country also has expanded vaccine eligibility and is ramping up supply in every possible manner . ....

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