A working paper, co-authored by Soumya Kanti Ghosh and Pulak Ghosh, both part-time members at the Economic Advisory Council to the PM (EAC-PM), and Falguni Sinha, economist at SBI, said sustainable urban transport investments can strengthen household financial resilience and have direct implications for housing finance policy and lender risk assessment, suggesting that metro systems should be viewed not only as mobility or environmental interventions, but also as household balance-sheet stabilizers with implications for credit markets and systemic risk.
