South Asian countries including India should consider cash transfers as part of their social safety programmes instead of measures like the farm loan waivers and state-set prices of food items, the World Bank said in a report on South Asia on Monday.
The World Bank said fiscal stimulus measures undertaken by countries in the region should be timely, temporary and targeted for them to have adequate effect. It also stressed the need to step up expenditure on infrastructure projects as it can help in rapid recovery as well as job creation.
?It is essential to protect core public spending in social and physical infrastructure in the face of declining revenues.