The Centre should focus on improving the rural consumption, kickstart construction activity and push for more infrastructure creation for unleashing the animal spirits in the economy. The government should also monetise some of the real assets and invest in infrastructure projects that would have multiplier effect.
Pratik Agarwal, Group CEO, Sterlite Power, said asset recycling through InvITs (infrastructure investment trusts) or REITS (real estate investment trusts) can be a major source of funding infrastructure projects in the country.
In fact, some of the State governments are owning such wonderful power distribution assets and they can raise up to ₹1.5 lakh crore in a matter of few quarters, he said addressing BusinessLine pre-Budget event organised here on Friday.
Read more: Business Line