‘Big push’ to targeted mega infra projects can reignite economy: Shaktikanta Das

Reserve Bank of India (RBI) Governor Shaktikanta Das Monday pitched for a “big push” to certain targeted mega infrastructure projects, accompanied by new financing options, to reignite growth in the economy. He suggested a series of reforms in the electricity sector to promote solar energy via accelerated depreciation benefits and fiscal incentives.

Identifying infrastructure as “force multiplier for growth” and one of the five silent dynamic shifts happening in the economy, he said: “As in the case of the golden quadrilateral, a big push to certain targeted mega infrastructure projects can reignite the economy. This could begin in the form of a north-south and east-west expressway together with high speed rail corridors, both of which would generate large forward and backward linkages for several other sectors of the economy and regions around the rail/road networks.”