Key Points
The Union government is propelling the country's growth engines through an extensive capital expenditure push, but meanwhile private investments are also picking up in key sunrise sectors, Finance Minister Nirmala Sitharaman toldMint's editor-in-chief Ravi Krishnan at theMint India Investment Summit 2024..
The finance minister emphasised that states such as Odisha, Jharkhand, Bihar and West Bengal would have to become the engine of Indias growth..
During covid and also afterwards, we have been working with the states to say, if there are things that we can extend to the states, we would extend, but certainly, would you mind taking up some reform in the power sector?.
Because it was not even an authority. . Therefore when the true purpose of that kind of planning body was brought back with the Niti Aayog, a think-tank for the government, it gave us the advantage of deciding which project to do regionally or which projects should be taken up because of a concept, or the ways to attract new businesses, which are the states that have new leverages that they can use up, and which are the states that have to be reached out to because they have inherent challenges, and so on..
I should say semiconductors, green hydrogen, solar, renewables, rare earth, genomics, AI, medical, diagnostic equipment, etc These are now new areas in which India's private sector is going in a big way and investing...
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