Key Points
Hinting at the need for higher private capital expenditure, Finance Minister Nirmala Sitharaman appealed to the corporate sector for greater participation in the nation's economic growth trajectory...
Speaking at the FICCI's National Conclave on Viksit Bharat @ 2047: Viksit Bharat & Industry, Sitharaman said that global investors are trusting India as they see the prospects here..
Furthermore, the Finance Minister appreciated the role of the Indian industry and said that it ha salways aligned with national interest, even during British era...
It may be noted that even the Reserve Bank of India in the February edition of its monthly bulletin had said that expectations of a fresh round of capital expenditure by the corporate sector will likely fuel the next leg of growth...
RBI Governor Shaktikanta Das said that investment cycle in India is gaining steam, thanks to sustained thrust on government capex, increasing capacity utilisation, rising flow of resources to the commercial sector, and policy support from schemes such as production linked incentive (PLI scheme)...
You might be interested in
Cryptocurrencies important part of discussion under India's G20 presidency: Sitharaman
29, Sep, 23Cryptocurrency News: NEW DELHI: Finance minister Nirmala Sitharaman on Tuesday said that cryptocurrencies are a very important part of the discussion under India's G20 pre.
Private sector capex has taken off, says Finance Minister Nirmala Sitharaman
30, Aug, 23India's private sector is beginning to invest, according to Finance Minister Nirmala Sitharaman. She expressed confidence that the country's economy will perform well in the coming quarters and that India will be able to handle the effects of high US interest rates. Sitharaman also stated that Prime Minister Narendra Modi will win re-election in 2024, as the government has delivered on its promises.
Aatmanirbhar Bharat Utsav 2024 inaugurated: ODOP awards presented to recognize excellence
04, Jan, 24New Delhi [India], January 4 (ANI): The ‘Aatmanirbhar Bharat Utsav 2024’ was inaugurated today at Bharat Mandapam, New Delhi, by the Chief Guest, Union Minister of External Affairs, Dr Subrahmanyam Jaishankar, and Guest of Honour, Union Minister of Commerce and Industry Piyush Goyal. According to a press release by the Ministry of Commerce and Industry, […]
Finance Minister Nirmala Sitharaman stresses India's strength amid global economic concerns
27, Aug, 23Finance Minister Nirmala Sitharaman highlighted India's resilience and potential at the B20 Summit, choosing to focus on India's narrative rather than China's economic challenges. She emphasized India's strengths, including its skilled workforce and vibrant work culture. She expressed her commitment to monitoring China's situation but stressed her primary focus on India's current position and opportunities. Sitharaman also outlined the government's initiatives to support infrastructure development, startups, and address climate concerns. She identified five key priorities for sustainable global economic recovery, including boosting investment and addressing climate change finance.