India will benefit from closer integration within Asia: AIIB’s Berglöf

India will benefit from closer integration within Asia at a time trade and investments are facing heightened uncertainty, according to the chief economist at the Asian Infrastructure Investment Bank (AIIB).

- Rhik Kundu & Gireesh Chandra Prasad

Erik Berglof, chief economist at Beijing-based AIIB.

A lot of recent developments have led to uncertainty in trade and investment at a scale larger than covid-19 or the global financial crisis of 2007-08, Erik Berglöf, chief economist at Beijing-based AIIB, said, responding to a question on rising protectionism in the US and its impact on exports from Asia and on investment flows into the region.

Multilateral agencies are part of the solution in stabilizing global markets and in making capital flows more transparent, he said, speaking to Mint on Sunday on the sidelines of Kautilya Economic Conclave organized in the national capital by the Union finance ministry.