Shastri believes that instead of laying too much emphasis on world events, cricket boards across the world should focus on helping the game back on its feet with the help of domestic competitions.
"I wouldn't put too much emphasis on world events right now. Stay at home, ensure domestic cricket comes back to normal, cricketers at all levels -- international, First Class, etc -- all get back on the field," Shastri told the daily newspaper Times of India.
"That's the most important bit. Second: Start with bilateral cricket. If we (India) had to choose between hosting a World Cup and a bilateral tour, obviously, we'd settle for the bilateral."
He also argued that bilateral series should be the way to go when cricket finally resumes because having one team touching down in a country is much better than having 10+ teams, in an era where social distancing is the way to go.
"Instead of 15 teams flying in, we'd settle for one team flying in and playing an entire bilateral series at one or two grounds," Shastri said.
"It's a great opportunity for every country to focus on its domestic cricket and that should be given paramount importance."